QQQP vs. TSMG

Last updated Jun 3, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, QQQP returned 77.97% vs 327.45% for TSMG. A 0.67 correlation means they provide meaningful diversification when combined. QQQP charges 1.30%/yr vs 0.75%/yr for TSMG.

Performance

QQQP vs. TSMG - 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 TSM Daily ETF (TSMG). 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 lower than TSMG's 94.33% return.

QQQP

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

TSMG

• 1D: 4.98%
• 1M: 23.80%
• YTD: 94.33%
• 6M: 108.01%
• 1Y: 327.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQP vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
QQQP Tradr 2X Long Triple Q Quarterly ETF	36.32%	33.94%
TSMG Leverage Shares 2X Long TSM Daily ETF	94.33%	76.34%

Correlation

The correlation between QQQP and TSMG is 0.63, 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	0.63
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.67

The correlation between QQQP and TSMG has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

Return for Risk

QQQP vs. TSMG — 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

TSMG

TSMG Risk / Return Rank: 91
TSMG Sharpe Ratio Rank: 97
TSMG Sortino Ratio Rank: 87
TSMG Omega Ratio Rank: 79
TSMG Calmar Ratio Rank: 96
TSMG Martin Ratio Rank: 95

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. TSMG - 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 TSM Daily ETF (TSMG). 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	TSMG	Difference
Sharpe ratio Return per unit of total volatility	2.45	4.61	-2.16
Sortino ratio Return per unit of downside risk	2.94	3.97	-1.03
Omega ratio Gain probability vs. loss probability	1.38	1.48	-0.11
Calmar ratio Return relative to maximum drawdown	3.17	9.46	-6.29
Martin ratio Return relative to average drawdown	11.62	30.96	-19.34
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. TSMG - Sharpe Ratio Comparison

The current QQQP Sharpe Ratio is 2.45, which is lower than the TSMG Sharpe Ratio of 4.61. The chart below compares the historical Sharpe Ratios of QQQP and TSMG, 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	TSMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	4.61	-2.16
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	1.79	-0.64

Drawdowns

QQQP vs. TSMG - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for QQQP and TSMG.

Drawdown Indicators

	QQQP	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-63.67%	+21.17%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-35.29%	+9.94%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.35%	-17.02%	+9.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.92%	10.79%	-3.87%

Volatility

QQQP vs. TSMG - Volatility Comparison

The current volatility for Tradr 2X Long Triple Q Quarterly ETF (QQQP) is 8.99%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 22.57%. This indicates that QQQP experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQP	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.99%	22.57%	-13.58%
Volatility (6M) Calculated over the trailing 6-month period	24.63%	54.92%	-30.29%
Volatility (1Y) Calculated over the trailing 1-year period	32.06%	71.57%	-39.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.85%	81.08%	-37.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.85%	81.08%	-37.23%

QQQP vs. TSMG - Expense Ratio Comparison

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

Dividends

QQQP vs. TSMG - Dividend Comparison

QQQP has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 5.91%.

Position	TTM	2025
QQQP Tradr 2X Long Triple Q Quarterly ETF	0.00%	0.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	5.91%	11.48%

Frequently Asked Questions

Can I hold both QQQP and TSMG in my portfolio?

QQQP and TSMG have a correlation of 0.63, 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 TSMG?

TSMG has higher volatility (22.57%) compared to QQQP (8.99%). In terms of maximum drawdown, QQQP dropped -42.50% vs TSMG's -63.67%.

Which ETF is better, QQQP or TSMG?

On 1-year performance, TSMG leads with 327.45% vs 77.97% for QQQP. On fees, TSMG is cheaper at 0.75% per year. On volatility, QQQP has been the lower-risk option at 8.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQP or TSMG?

Over the 1-year period, TSMG has performed better with a 327.45% return vs 77.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQP or TSMG?

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

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

TSMG has the higher dividend yield at 5.91%, compared with 0.00% for QQQP.

What is the main difference between QQQP and TSMG?

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

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (4.61 vs 2.45), 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.