QQQP vs. OOQB

Last updated Jun 3, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - QQQP is a Leveraged Equities fund actively managed by Tradr, while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. Both are actively managed. Over the past year, QQQP returned 77.97% vs -25.53% for OOQB. A 0.66 correlation means they provide meaningful diversification when combined. QQQP charges 1.30%/yr vs 0.75%/yr for OOQB.

Performance

QQQP vs. OOQB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Triple Q Quarterly ETF (QQQP) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQP achieves a 36.32% return, which is significantly higher than OOQB's -18.43% return.

QQQP

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

OOQB

• 1D: 0.00%
• 1M: 0.00%
• YTD: -18.43%
• 6M: -23.44%
• 1Y: -25.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQP vs. OOQB - Yearly Performance Comparison

	2026 (YTD)	2025
QQQP Tradr 2X Long Triple Q Quarterly ETF	36.32%	18.39%
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	-18.43%	-13.30%

Correlation

The correlation between QQQP and OOQB is 0.61, 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	0.61
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.66

The correlation between QQQP and OOQB has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

Return for Risk

QQQP vs. OOQB — 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

OOQB

OOQB Risk / Return Rank: 5
OOQB Sharpe Ratio Rank: 4
OOQB Sortino Ratio Rank: 5
OOQB Omega Ratio Rank: 5
OOQB Calmar Ratio Rank: 4
OOQB 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.

QQQP vs. OOQB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Quarterly ETF (QQQP) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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	OOQB	Difference
Sharpe ratio Return per unit of total volatility	2.45	-0.50	+2.94
Sortino ratio Return per unit of downside risk	2.94	-0.43	+3.37
Omega ratio Gain probability vs. loss probability	1.38	0.95	+0.43
Calmar ratio Return relative to maximum drawdown	3.17	-0.47	+3.64
Martin ratio Return relative to average drawdown	11.62	-0.84	+12.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQP vs. OOQB - Sharpe Ratio Comparison

The current QQQP Sharpe Ratio is 2.45, which is higher than the OOQB Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of QQQP and OOQB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQP	OOQB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	-0.50	+2.94
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	-0.41	+1.56

Drawdowns

QQQP vs. OOQB - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum OOQB drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for QQQP and OOQB.

Drawdown Indicators

	QQQP	OOQB	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-53.44%	+10.94%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-53.44%	+28.09%
Current Drawdown Current decline from peak	0.00%	-43.69%	+43.69%
Average Drawdown Average peak-to-trough decline	-7.35%	-23.20%	+15.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.92%	29.99%	-23.07%

Volatility

QQQP vs. OOQB - Volatility Comparison

Tradr 2X Long Triple Q Quarterly ETF (QQQP) has a higher volatility of 8.99% compared to Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) at 0.00%. This indicates that QQQP's price experiences larger fluctuations and is considered to be riskier than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQP	OOQB	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.99%	0.00%	+8.99%
Volatility (6M) Calculated over the trailing 6-month period	24.63%	39.88%	-15.25%
Volatility (1Y) Calculated over the trailing 1-year period	32.06%	51.57%	-19.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.85%	58.21%	-14.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.85%	58.21%	-14.36%

QQQP vs. OOQB - Expense Ratio Comparison

QQQP has a 1.30% expense ratio, which is higher than OOQB's 0.75% expense ratio.

Dividends

QQQP vs. OOQB - Dividend Comparison

QQQP has not paid dividends to shareholders, while OOQB's dividend yield for the trailing twelve months is around 11.62%.

Position	TTM	2025
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF	11.62%	9.53%
QQQP Tradr 2X Long Triple Q Quarterly ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQP and OOQB in my portfolio?

QQQP and OOQB have a correlation of 0.61, 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 OOQB?

QQQP has higher volatility (8.99%) compared to OOQB (0.00%). In terms of maximum drawdown, QQQP dropped -42.50% vs OOQB's -53.44%.

Which ETF is better, QQQP or OOQB?

On 1-year performance, QQQP leads with 77.97% vs -25.53% for OOQB. On fees, OOQB is cheaper at 0.75% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQP or OOQB?

Over the 1-year period, QQQP has performed better with a 77.97% return vs -25.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQP or OOQB?

OOQB is cheaper with a 0.75% expense ratio, compared with 1.30% for QQQP.

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

OOQB has the higher dividend yield at 11.62%, compared with 0.00% for QQQP.

What is the main difference between QQQP and OOQB?

QQQP is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: Tradr and Volatility Shares. Their fees differ too: 1.30% for QQQP and 0.75% for OOQB.

Which has better risk-adjusted returns?

QQQP currently has the higher Sharpe Ratio (2.45 vs -0.50), 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.