QBTX vs. AAOX

Last updated Jun 24, 2026

QBTX (Tradr 2X Long QBTS Daily ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr. At a 0.37 correlation, their price movements are largely independent. QBTX charges 1.30%/yr vs 1.49%/yr for AAOX.

Performance

QBTX vs. AAOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long QBTS Daily ETF (QBTX) and Tradr 2X Long AAOI Daily ETF (AAOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QBTX

• 1D: 4.15%
• 1M: -34.95%
• YTD: -49.88%
• 6M: -60.48%
• 1Y: -24.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: -27.29%
• 1M: -46.09%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBTX vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
QBTX Tradr 2X Long QBTS Daily ETF	58.51%
AAOX Tradr 2X Long AAOI Daily ETF	26.50%

Correlation

The correlation between QBTX and AAOX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	0.37

Return for Risk

QBTX vs. AAOX — Risk / Return Rank

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

QBTX

QBTX Risk / Return Rank: 15
QBTX Sharpe Ratio Rank: 8
QBTX Sortino Ratio Rank: 30
QBTX Omega Ratio Rank: 25
QBTX Calmar Ratio Rank: 7
QBTX Martin Ratio Rank: 7

AAOX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QBTX vs. AAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long QBTS Daily ETF (QBTX) and Tradr 2X Long AAOI Daily ETF (AAOX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QBTX	AAOX	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	—	—
Sortino ratio: Return per unit of downside risk	1.50	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	-0.25	—	—
Martin ratio: Return relative to average drawdown	-0.35	—	—

Drawdowns

QBTX vs. AAOX - Drawdown Comparison

The maximum QBTX drawdown since its inception was -95.48%, which is greater than AAOX's maximum drawdown of -66.13%. Use the drawdown chart below to compare losses from any high point for QBTX and AAOX.

Drawdown Indicators

	QBTX	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-95.48%	-66.13%	-29.35%
Max Drawdown (1Y) Largest decline over 1 year	-95.48%	—	—
Current Drawdown Current decline from peak	-88.42%	-66.13%	-22.29%
Average Drawdown Average peak-to-trough decline	-57.31%	-26.70%	-30.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.22%	—	—

Volatility

Volatility by Period

	QBTX	AAOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	150.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	217.47%	303.92%	-86.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	241.06%	303.92%	-62.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	241.06%	303.92%	-62.86%

QBTX vs. AAOX - Expense Ratio Comparison

QBTX has a 1.30% expense ratio, which is lower than AAOX's 1.49% expense ratio.

Dividends

QBTX vs. AAOX - Dividend Comparison

QBTX's dividend yield for the trailing twelve months is around 26.33%, while AAOX has not paid dividends to shareholders.

Position	TTM	2025
AAOX Tradr 2X Long AAOI Daily ETF	0.00%	0.00%
QBTX Tradr 2X Long QBTS Daily ETF	26.33%	13.20%

Frequently Asked Questions

Can I hold both QBTX and AAOX in my portfolio?

QBTX and AAOX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBTX or AAOX?

On fees, QBTX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QBTX or AAOX?

QBTX is cheaper with a 1.30% expense ratio, compared with 1.49% for AAOX.

Which ETF pays a higher dividend yield, QBTX or AAOX?

QBTX has the higher dividend yield at 26.33%, compared with 0.00% for AAOX.

What is the main difference between QBTX and AAOX?

Their fees differ too: 1.30% for QBTX and 1.49% for AAOX.