QQQP vs. MQQQ

Last updated Jun 24, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and MQQQ (Tradr 2X Long Triple Q Monthly ETF) are both Leveraged Equities funds. QQQP is actively managed, while MQQQ is passively managed. Over the past year, QQQP returned 61.35% vs 62.78% for MQQQ. With a 0.99 correlation, they move nearly in lockstep. Both charge a 1.30% expense ratio.

Performance

QQQP vs. MQQQ - 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 Triple Q Monthly ETF (MQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QQQP having a 26.65% return and MQQQ slightly higher at 27.22%.

QQQP

• 1D: -5.26%
• 1M: -1.02%
• YTD: 26.65%
• 6M: 23.33%
• 1Y: 61.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MQQQ

• 1D: -6.32%
• 1M: -2.02%
• YTD: 27.22%
• 6M: 23.93%
• 1Y: 62.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQP vs. MQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQP Tradr 2X Long Triple Q Quarterly ETF	26.65%	30.21%	9.30%
MQQQ Tradr 2X Long Triple Q Monthly ETF	27.22%	31.67%	7.44%

Correlation

The correlation between QQQP and MQQQ is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.99

The correlation between QQQP and MQQQ has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

QQQP vs. MQQQ — Risk / Return Rank

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

QQQP

QQQP Risk / Return Rank: 53
QQQP Sharpe Ratio Rank: 58
QQQP Sortino Ratio Rank: 50
QQQP Omega Ratio Rank: 50
QQQP Calmar Ratio Rank: 53
QQQP Martin Ratio Rank: 55

MQQQ

MQQQ Risk / Return Rank: 52
MQQQ Sharpe Ratio Rank: 56
MQQQ Sortino Ratio Rank: 48
MQQQ Omega Ratio Rank: 49
MQQQ Calmar Ratio Rank: 54
MQQQ Martin Ratio Rank: 54

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. MQQQ - 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 Triple Q Monthly ETF (MQQQ). 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	MQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.76	+0.03
Sortino ratio: Return per unit of downside risk	2.28	2.24	+0.04
Omega ratio: Gain probability vs. loss probability	1.29	1.30	0.00
Calmar ratio: Return relative to maximum drawdown	2.43	2.50	-0.07
Martin ratio: Return relative to average drawdown	8.72	8.74	-0.02

QQQP vs. MQQQ - Sharpe Ratio Comparison

The current QQQP Sharpe Ratio is 1.78, which is comparable to the MQQQ Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of QQQP and MQQQ, 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. MQQQ - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, roughly equal to the maximum MQQQ drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for QQQP and MQQQ.

Drawdown Indicators

	QQQP	MQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-42.16%	-0.34%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-25.23%	-0.12%
Current Drawdown Current decline from peak	-7.10%	-8.68%	+1.58%
Average Drawdown Average peak-to-trough decline	-7.26%	-7.16%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.05%	7.20%	-0.15%

Volatility

QQQP vs. MQQQ - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Quarterly ETF (QQQP) is 15.55%, while Tradr 2X Long Triple Q Monthly ETF (MQQQ) has a volatility of 17.78%. This indicates that QQQP experiences smaller price fluctuations and is considered to be less risky than MQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQP	MQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.55%	17.78%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	27.56%	29.02%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	34.61%	35.95%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.42%	44.41%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.42%	44.41%	+0.01%

QQQP vs. MQQQ - Expense Ratio Comparison

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

Dividends

QQQP vs. MQQQ - Dividend Comparison

QQQP has not paid dividends to shareholders, while MQQQ's dividend yield for the trailing twelve months is around 1.58%.

Position	TTM	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.58%	2.02%	0.02%
QQQP Tradr 2X Long Triple Q Quarterly ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQP and MQQQ in my portfolio?

With a correlation of 0.99, QQQP and MQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QQQP or MQQQ?

MQQQ has higher volatility (17.78%) compared to QQQP (15.55%). In terms of maximum drawdown, QQQP dropped -42.50% vs MQQQ's -42.16%.

Which ETF is better, QQQP or MQQQ?

On 1-year performance, MQQQ leads with 62.78% vs 61.35% for QQQP. Both ETFs have the same 1.30% expense ratio. On volatility, QQQP has been the lower-risk option at 15.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQP or MQQQ?

Over the 1-year period, MQQQ has performed better with a 62.78% return vs 61.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQP or MQQQ?

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

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

MQQQ has the higher dividend yield at 1.58%, compared with 0.00% for QQQP.

What is the main difference between QQQP and MQQQ?

They also come from different issuers: Tradr and AXS.

Which has better risk-adjusted returns?

QQQP currently has the higher Sharpe Ratio (1.78 vs 1.76), 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.