QQQP vs. SOXL

Last updated Jun 24, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. QQQP is actively managed, while SOXL is passively managed. Over the past year, QQQP returned 61.35% vs 976.09% for SOXL. Their correlation of 0.81 suggests significant overlap in exposure. QQQP charges 1.30%/yr vs 0.75%/yr for SOXL.

Performance

QQQP vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Triple Q Quarterly ETF (QQQP) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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 lower than SOXL's 450.61% return.

QQQP

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

SOXL

• 1D: -23.06%
• 1M: 21.44%
• YTD: 450.61%
• 6M: 429.57%
• 1Y: 976.09%
• 3Y*: 120.84%
• 5Y*: 42.16%
• 10Y*: 64.56%

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

QQQP vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQP Tradr 2X Long Triple Q Quarterly ETF	26.65%	30.21%	9.30%
SOXL Direxion Daily Semiconductor Bull 3X ETF	450.61%	54.91%	-25.34%

Correlation

The correlation between QQQP and SOXL is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.81

The correlation between QQQP and SOXL has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

Return for Risk

QQQP vs. SOXL — 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

SOXL

SOXL Risk / Return Rank: 96
SOXL Sharpe Ratio Rank: 99
SOXL Sortino Ratio Rank: 90
SOXL Omega Ratio Rank: 92
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 98

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. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Quarterly ETF (QQQP) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	1.78	8.45	-6.66
Sortino ratio: Return per unit of downside risk	2.28	4.03	-1.75
Omega ratio: Gain probability vs. loss probability	1.29	1.58	-0.29
Calmar ratio: Return relative to maximum drawdown	2.43	22.69	-20.26
Martin ratio: Return relative to average drawdown	8.72	72.83	-64.11

QQQP vs. SOXL - Sharpe Ratio Comparison

The current QQQP Sharpe Ratio is 1.78, which is lower than the SOXL Sharpe Ratio of 8.45. The chart below compares the historical Sharpe Ratios of QQQP and SOXL, 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. SOXL - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for QQQP and SOXL.

Drawdown Indicators

	QQQP	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-90.46%	+47.96%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-43.47%	+18.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-7.10%	-23.06%	+15.96%
Average Drawdown Average peak-to-trough decline	-7.26%	-34.95%	+27.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.05%	13.52%	-6.47%

Volatility

QQQP vs. SOXL - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Quarterly ETF (QQQP) is 15.55%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 68.39%. This indicates that QQQP experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQP	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.55%	68.39%	-52.84%
Volatility (6M) Calculated over the trailing 6-month period	27.56%	99.84%	-72.28%
Volatility (1Y) Calculated over the trailing 1-year period	34.61%	116.79%	-82.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.42%	110.35%	-65.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.42%	100.62%	-56.20%

QQQP vs. SOXL - Expense Ratio Comparison

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

Dividends

QQQP vs. SOXL - Dividend Comparison

QQQP has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both QQQP and SOXL in my portfolio?

QQQP and SOXL have a correlation of 0.79, 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 SOXL?

SOXL has higher volatility (68.39%) compared to QQQP (15.55%). In terms of maximum drawdown, QQQP dropped -42.50% vs SOXL's -90.46%.

Which ETF is better, QQQP or SOXL?

On 1-year performance, SOXL leads with 976.09% vs 61.35% for QQQP. On fees, SOXL is cheaper at 0.75% per year. 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 SOXL?

Over the 1-year period, SOXL has performed better with a 976.09% 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 SOXL?

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

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for QQQP.

What is the main difference between QQQP and SOXL?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for QQQP and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (8.45 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.