QQQP vs. QQQ

Last updated Jun 24, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - QQQP is a Leveraged Equities fund actively managed by Tradr, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. QQQP is actively managed, while QQQ is passively managed. Over the past year, QQQP returned 61.35% vs 34.88% for QQQ. With a 0.99 correlation, they move nearly in lockstep. QQQP charges 1.30%/yr vs 0.18%/yr for QQQ.

Performance

QQQP vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQP achieves a 26.65% return, which is significantly higher than QQQ's 16.45% return.

QQQP

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

QQQ

• 1D: -3.29%
• 1M: -0.43%
• YTD: 16.45%
• 6M: 14.99%
• 1Y: 34.88%
• 3Y*: 26.05%
• 5Y*: 16.01%
• 10Y*: 22.07%

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

QQQP vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQP Tradr 2X Long Triple Q Quarterly ETF	26.65%	30.21%	9.30%
QQQ Invesco QQQ ETF	16.45%	20.77%	4.91%

Correlation

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

Return for Risk

QQQP vs. QQQ — 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

QQQ

QQQ Risk / Return Rank: 59
QQQ Sharpe Ratio Rank: 61
QQQ Sortino Ratio Rank: 55
QQQ Omega Ratio Rank: 58
QQQ Calmar Ratio Rank: 61
QQQ Martin Ratio Rank: 62

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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Quarterly ETF (QQQP) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.95	-0.17
Sortino ratio: Return per unit of downside risk	2.28	2.57	-0.28
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	2.43	2.93	-0.50
Martin ratio: Return relative to average drawdown	8.72	10.86	-2.14

QQQP vs. QQQ - Sharpe Ratio Comparison

The current QQQP Sharpe Ratio is 1.78, which is comparable to the QQQ Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of QQQP and QQQ, 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. QQQ - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for QQQP and QQQ.

Drawdown Indicators

	QQQP	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-82.97%	+40.47%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-11.96%	-13.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-7.10%	-4.25%	-2.85%
Average Drawdown Average peak-to-trough decline	-7.26%	-32.73%	+25.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.05%	3.22%	+3.83%

Volatility

QQQP vs. QQQ - Volatility Comparison

Tradr 2X Long Triple Q Quarterly ETF (QQQP) has a higher volatility of 15.55% compared to Invesco QQQ ETF (QQQ) at 9.17%. This indicates that QQQP's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQP	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.55%	9.17%	+6.38%
Volatility (6M) Calculated over the trailing 6-month period	27.56%	14.57%	+12.99%
Volatility (1Y) Calculated over the trailing 1-year period	34.61%	17.96%	+16.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.42%	22.69%	+21.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.42%	22.42%	+22.00%

QQQP vs. QQQ - Expense Ratio Comparison

QQQP has a 1.30% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

QQQP vs. QQQ - Dividend Comparison

QQQP has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.43%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
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%

Frequently Asked Questions

Can I hold both QQQP and QQQ in my portfolio?

With a correlation of 0.99, QQQP and QQQ 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 QQQ?

QQQP has higher volatility (15.55%) compared to QQQ (9.17%). In terms of maximum drawdown, QQQP dropped -42.50% vs QQQ's -82.97%.

Which ETF is better, QQQP or QQQ?

On 1-year performance, QQQP leads with 61.35% vs 34.88% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 9.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQP or QQQ?

Over the 1-year period, QQQP has performed better with a 61.35% return vs 34.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQP or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 1.30% for QQQP.

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

QQQ has the higher dividend yield at 0.43%, compared with 0.00% for QQQP.

What is the main difference between QQQP and QQQ?

QQQP is categorized as Leveraged Equities, while QQQ is Nasdaq-100. They also come from different issuers: Tradr and Invesco. Their fees differ too: 1.30% for QQQP and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.95 vs 1.78), 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.