QQQP vs. SPOG

Last updated Aug 6, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and SPOG (Leverage Shares 2X Long SPOT Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.10 correlation means their historical movements had little consistent relationship. QQQP charges 1.30%/yr vs 0.75%/yr for SPOG.

Performance

QQQP vs. SPOG - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQP achieves a 25.79% return, which is significantly higher than SPOG's -44.70% return.

QQQP

• 1D: -1.46%
• 1M: -1.75%
• 6M: 30.20%
• YTD: 25.79%
• 1Y: 46.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.17%

SPOG

• 1D: 0.43%
• 1M: -1.73%
• 6M: -0.97%
• YTD: -44.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QQQP Tradr 2X Long Triple Q Quarterly ETF	$852.68K	$586.74K	$444.38K
SPOG Leverage Shares 2X Long SPOT Daily ETF	$285.93K	$231.29K	$389.78K

QQQP vs. SPOG - Yearly Performance Comparison

	2026 (YTD)	2025
QQQP Tradr 2X Long Triple Q Quarterly ETF	25.79%	1.24%
SPOG Leverage Shares 2X Long SPOT Daily ETF	-44.70%	-18.73%

Correlation

The correlation between QQQP and SPOG is 0.10, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.10

Return for Risk

QQQP vs. SPOG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQP

QQQP Risk / Return Rank: 43
QQQP Sharpe Ratio Rank: 43
QQQP Sortino Ratio Rank: 42
QQQP Omega Ratio Rank: 40
QQQP Calmar Ratio Rank: 46
QQQP Martin Ratio Rank: 46

SPOG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQP vs. SPOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Quarterly ETF (QQQP) and Leverage Shares 2X Long SPOT Daily ETF (SPOG). 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	SPOG	Difference
Sharpe ratio: Return per unit of total volatility	1.24	—	—
Sortino ratio: Return per unit of downside risk	1.78	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.86	—	—
Martin ratio: Return relative to average drawdown	5.83	—	—

Drawdowns

QQQP vs. SPOG - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum SPOG drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for QQQP and SPOG.

Drawdown Indicators

	QQQP	SPOG	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-64.41%	+21.91%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	—	—
Current Drawdown Current decline from peak	-7.73%	-55.50%	+47.77%
Average Drawdown Average peak-to-trough decline	-7.47%	-43.67%	+36.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.07%	—	—

Volatility

Volatility by Period

	QQQP	SPOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.11%	95.57%	-57.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.90%	95.57%	-50.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.90%	95.57%	-50.67%

QQQP vs. SPOG - Expense Ratio Comparison

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

Dividends

QQQP vs. SPOG - Dividend Comparison

Neither QQQP nor SPOG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QQQP and SPOG in my portfolio?

QQQP and SPOG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQP or SPOG?

On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQP or SPOG?

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

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

QQQP and SPOG have nearly identical dividend yields, around 0.00%.

What is the main difference between QQQP and SPOG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for QQQP and 0.75% for SPOG.