MSOX vs. QQUP

Last updated Apr 1, 2026

Compare and contrast key facts about Advisorshares Msos 2x Daily ETF (MSOX) and ProShares Ultra Top QQQ (QQUP).

MSOX and QQUP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSOX is an actively managed fund by AdvisorShares. It was launched on Aug 23, 2022. QQUP is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Mega Index (200%). It was launched on Jun 10, 2025.

Performance

MSOX vs. QQUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) and ProShares Ultra Top QQQ (QQUP). The values are adjusted to include any dividend payments, if applicable.

MSOX vs. QQUP - Yearly Performance Comparison

	2026 (YTD)	2025
MSOX Advisorshares Msos 2x Daily ETF	-52.01%	78.49%
QQUP ProShares Ultra Top QQQ	-23.43%	44.45%

Returns By Period

In the year-to-date period, MSOX achieves a -52.01% return, which is significantly lower than QQUP's -23.43% return.

MSOX

• 1D: 25.00%
• 1M: -21.82%
• YTD: -52.01%
• 6M: -72.26%
• 1Y: -45.71%
• 3Y*: -69.45%
• 5Y*: —
• 10Y*: —

QQUP

• 1D: 8.61%
• 1M: -9.29%
• YTD: -23.43%
• 6M: -22.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSOX vs. QQUP - Expense Ratio Comparison

Both MSOX and QQUP have an expense ratio of 0.95%.

MSOX

Advisorshares Msos 2x Daily ETF

QQUP

ProShares Ultra Top QQQ

Return for Risk

MSOX vs. QQUP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSOX

MSOX Risk / Return Rank: 19
MSOX Sharpe Ratio Rank: 8
MSOX Sortino Ratio Rank: 45
MSOX Omega Ratio Rank: 35
MSOX Calmar Ratio Rank: 3
MSOX Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSOX vs. QQUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) and ProShares Ultra Top QQQ (QQUP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MSOX	QQUP	Difference
Sharpe ratio Return per unit of total volatility	-0.21	—	—
Sortino ratio Return per unit of downside risk	1.20	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	-0.54	—	—
Martin ratio Return relative to average drawdown	-0.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSOX	QQUP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	0.35	-0.82

Correlation

The correlation between MSOX and QQUP is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MSOX vs. QQUP - Dividend Comparison

MSOX has not paid dividends to shareholders, while QQUP's dividend yield for the trailing twelve months is around 0.63%.

	TTM	2025
MSOX Advisorshares Msos 2x Daily ETF	0.00%	0.00%
QQUP ProShares Ultra Top QQQ	0.63%	0.29%

Drawdowns

MSOX vs. QQUP - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, which is greater than QQUP's maximum drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for MSOX and QQUP.

Drawdown Indicators

	MSOX	QQUP	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-37.67%	-62.08%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	—	—
Current Drawdown Current decline from peak	-99.68%	-32.30%	-67.38%
Average Drawdown Average peak-to-trough decline	-88.32%	-9.06%	-79.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.00%	—	—

Volatility

Volatility by Period

	MSOX	QQUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	154.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	213.51%	38.71%	+174.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	167.02%	38.71%	+128.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	167.02%	38.71%	+128.31%