QQQP vs. GEVX

Last updated Jul 14, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and GEVX (Tradr 2X Long GEV Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, QQQP returned 47.44% vs 166.57% for GEVX. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 1.30% expense ratio.

Performance

QQQP vs. GEVX - 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 GEV Daily ETF (GEVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQP achieves a 24.11% return, which is significantly lower than GEVX's 115.00% return.

QQQP

• 1D: -3.72%
• 1M: -3.56%
• 6M: 19.17%
• YTD: 24.11%
• 1Y: 47.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEVX

• 1D: -9.31%
• 1M: 17.64%
• 6M: 124.87%
• YTD: 115.00%
• 1Y: 166.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQP vs. GEVX - Yearly Performance Comparison

	2026 (YTD)	2025
QQQP Tradr 2X Long Triple Q Quarterly ETF	24.11%	17.86%
GEVX Tradr 2X Long GEV Daily ETF	115.00%	23.96%

Correlation

The correlation between QQQP and GEVX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.51

The correlation between QQQP and GEVX has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

Return for Risk

QQQP vs. GEVX — Risk / Return Rank

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

QQQP

QQQP Risk / Return Rank: 46
QQQP Sharpe Ratio Rank: 48
QQQP Sortino Ratio Rank: 45
QQQP Omega Ratio Rank: 44
QQQP Calmar Ratio Rank: 47
QQQP Martin Ratio Rank: 48

GEVX

GEVX Risk / Return Rank: 67
GEVX Sharpe Ratio Rank: 61
GEVX Sortino Ratio Rank: 65
GEVX Omega Ratio Rank: 60
GEVX Calmar Ratio Rank: 85
GEVX Martin Ratio Rank: 64

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. GEVX - 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 GEV Daily ETF (GEVX). 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.

	QQQP	GEVX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.61	-0.27
Sortino ratio: Return per unit of downside risk	1.84	2.39	-0.55
Omega ratio: Gain probability vs. loss probability	1.23	1.29	-0.06
Calmar ratio: Return relative to maximum drawdown	1.88	3.72	-1.84
Martin ratio: Return relative to average drawdown	6.57	9.04	-2.47

QQQP vs. GEVX - Sharpe Ratio Comparison

The current QQQP Sharpe Ratio is 1.34, which is comparable to the GEVX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of QQQP and GEVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQP vs. GEVX - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum GEVX drawdown of -45.03%. Use the drawdown chart below to compare losses from any high point for QQQP and GEVX.

Drawdown Indicators

	QQQP	GEVX	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-45.03%	+2.53%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-45.03%	+19.68%
Current Drawdown Current decline from peak	-8.96%	-24.26%	+15.30%
Average Drawdown Average peak-to-trough decline	-7.25%	-15.10%	+7.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.24%	18.51%	-11.27%

Volatility

QQQP vs. GEVX - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Quarterly ETF (QQQP) is 14.77%, while Tradr 2X Long GEV Daily ETF (GEVX) has a volatility of 40.65%. This indicates that QQQP experiences smaller price fluctuations and is considered to be less risky than GEVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQP	GEVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.77%	40.65%	-25.88%
Volatility (6M) Calculated over the trailing 6-month period	28.96%	71.78%	-42.82%
Volatility (1Y) Calculated over the trailing 1-year period	35.67%	104.24%	-68.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.38%	104.04%	-59.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.38%	104.04%	-59.66%

QQQP vs. GEVX - Expense Ratio Comparison

Both QQQP and GEVX have an expense ratio of 1.30%.

Dividends

QQQP vs. GEVX - Dividend Comparison

Neither QQQP nor GEVX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QQQP and GEVX in my portfolio?

QQQP and GEVX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQP or GEVX?

GEVX has higher volatility (40.65%) compared to QQQP (14.77%). In terms of maximum drawdown, QQQP dropped -42.50% vs GEVX's -45.03%.

Which ETF is better, QQQP or GEVX?

On 1-year performance, GEVX leads with 166.57% vs 47.44% for QQQP. Both ETFs have the same 1.30% expense ratio. On volatility, QQQP has been the lower-risk option at 14.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQP or GEVX?

Over the 1-year period, GEVX has performed better with a 166.57% return vs 47.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQP or GEVX?

QQQP and GEVX have the same expense ratio: 1.30% per year.

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

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

Which has better risk-adjusted returns?

GEVX currently has the higher Sharpe Ratio (1.61 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.