QQQP vs. QLD

Last updated Apr 1, 2026

Compare and contrast key facts about Tradr 2X Long Triple Q Quarterly ETF (QQQP) and ProShares Ultra QQQ (QLD).

QQQP and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQP is an actively managed fund by Tradr. It was launched on Sep 30, 2024. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.

Performance

QQQP vs. QLD - Performance Comparison

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

QQQP vs. QLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQP Tradr 2X Long Triple Q Quarterly ETF	-13.36%	30.21%	10.88%
QLD ProShares Ultra QQQ	-13.35%	30.36%	10.68%

Returns By Period

The year-to-date returns for both investments are quite close, with QQQP having a -13.36% return and QLD slightly higher at -13.35%.

QQQP

• 1D: 7.62%
• 1M: -10.35%
• YTD: -13.36%
• 6M: -10.83%
• 1Y: 38.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QLD

• 1D: 6.72%
• 1M: -10.26%
• YTD: -13.35%
• 6M: -11.03%
• 1Y: 37.53%
• 3Y*: 35.41%
• 5Y*: 15.27%
• 10Y*: 29.40%

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

QQQP vs. QLD - Expense Ratio Comparison

QQQP has a 1.30% expense ratio, which is higher than QLD's 0.95% expense ratio.

QQQP

Tradr 2X Long Triple Q Quarterly ETF

QLD

ProShares Ultra QQQ

Return for Risk

QQQP vs. QLD — 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: 43
QQQP Sortino Ratio Rank: 54
QQQP Omega Ratio Rank: 54
QQQP Calmar Ratio Rank: 58
QQQP Martin Ratio Rank: 53

QLD

QLD Risk / Return Rank: 57
QLD Sharpe Ratio Rank: 51
QLD Sortino Ratio Rank: 59
QLD Omega Ratio Rank: 58
QLD Calmar Ratio Rank: 63
QLD Martin Ratio Rank: 55

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. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Quarterly ETF (QQQP) and ProShares Ultra QQQ (QLD). 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	QLD	Difference
Sharpe ratio Return per unit of total volatility	0.82	0.84	-0.02
Sortino ratio Return per unit of downside risk	1.46	1.43	+0.03
Omega ratio Gain probability vs. loss probability	1.21	1.20	0.00
Calmar ratio Return relative to maximum drawdown	1.50	1.49	+0.01
Martin ratio Return relative to average drawdown	5.23	4.88	+0.34
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. QLD - Sharpe Ratio Comparison

The current QQQP Sharpe Ratio is 0.82, which is comparable to the QLD Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of QQQP and QLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQP	QLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	0.84	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.53	-0.17

Correlation

The correlation between QQQP and QLD is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QQQP vs. QLD - Dividend Comparison

QQQP has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.19%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQP Tradr 2X Long Triple Q Quarterly ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QLD ProShares Ultra QQQ	0.19%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%

Drawdowns

QQQP vs. QLD - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for QQQP and QLD.

Drawdown Indicators

	QQQP	QLD	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-83.13%	+40.63%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-25.13%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-63.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.68%	—
Current Drawdown Current decline from peak	-19.66%	-20.10%	+0.44%
Average Drawdown Average peak-to-trough decline	-7.80%	-18.30%	+10.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.29%	7.67%	-0.38%

Volatility

QQQP vs. QLD - Volatility Comparison

Tradr 2X Long Triple Q Quarterly ETF (QQQP) has a higher volatility of 14.08% compared to ProShares Ultra QQQ (QLD) at 12.96%. This indicates that QQQP's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQP	QLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.08%	12.96%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	26.15%	25.55%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	46.96%	44.91%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.95%	44.77%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.95%	44.47%	+0.48%