QQQP vs. AAOX

Last updated Jun 3, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and AAOX (Tradr 2X Long AAOI Daily ETF) are both Leveraged Equities funds from Tradr. QQQP is actively managed, while AAOX is passively managed. At a 0.36 correlation, their price movements are largely independent. QQQP charges 1.30%/yr vs 1.49%/yr for AAOX.

Performance

QQQP vs. AAOX - Performance Comparison

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

Returns By Period

QQQP

• 1D: 0.84%
• 1M: 18.29%
• YTD: 36.32%
• 6M: 32.45%
• 1Y: 77.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAOX

• 1D: 17.21%
• 1M: 1.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQP vs. AAOX - Yearly Performance Comparison

	2026 (YTD)
QQQP Tradr 2X Long Triple Q Quarterly ETF	53.54%
AAOX Tradr 2X Long AAOI Daily ETF	106.11%

Correlation

The correlation between QQQP and AAOX is 0.36, 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 25, 2026	0.36

Return for Risk

QQQP vs. AAOX — Risk / Return Rank

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

QQQP

QQQP Risk / Return Rank: 64
QQQP Sharpe Ratio Rank: 73
QQQP Sortino Ratio Rank: 62
QQQP Omega Ratio Rank: 61
QQQP Calmar Ratio Rank: 62
QQQP Martin Ratio Rank: 63

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.

QQQP vs. AAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Quarterly ETF (QQQP) 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.

	QQQP	AAOX	Difference
Sharpe ratio Return per unit of total volatility	2.45	—	—
Sortino ratio Return per unit of downside risk	2.94	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	3.17	—	—
Martin ratio Return relative to average drawdown	11.62	—	—
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

	QQQP	AAOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	15.04	-13.89

Drawdowns

QQQP vs. AAOX - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum AAOX drawdown of -52.25%. Use the drawdown chart below to compare losses from any high point for QQQP and AAOX.

Drawdown Indicators

	QQQP	AAOX	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-52.25%	+9.75%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	—	—
Current Drawdown Current decline from peak	0.00%	-24.97%	+24.97%
Average Drawdown Average peak-to-trough decline	-7.35%	-20.93%	+13.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.92%	—	—

Volatility

Volatility by Period

	QQQP	AAOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	32.06%	292.69%	-260.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.85%	292.69%	-248.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.85%	292.69%	-248.84%

QQQP vs. AAOX - Expense Ratio Comparison

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

Dividends

QQQP vs. AAOX - Dividend Comparison

Neither QQQP nor AAOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QQQP and AAOX in my portfolio?

QQQP and AAOX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQP or AAOX?

On fees, QQQP 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, QQQP or AAOX?

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

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

QQQP and AAOX have nearly identical dividend yields, around 0.00%.

What is the main difference between QQQP and AAOX?

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