SPOG vs. QQQP
SPOG (Leverage Shares 2X Long SPOT Daily ETF) and QQQP (Tradr 2X Long Triple Q Quarterly ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.12 correlation means their historical movements had little consistent relationship. SPOG charges 0.75%/yr vs 1.30%/yr for QQQP.
Performance
SPOG vs. QQQP - Performance Comparison
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Returns By Period
In the year-to-date period, SPOG achieves a -40.53% return, which is significantly lower than QQQP's 15.23% return.
SPOG
- 1D
- -8.23%
- 1M
- 4.88%
- 6M
- -18.07%
- YTD
- -40.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQQP
- 1D
- 1.56%
- 1M
- -7.63%
- 6M
- 13.12%
- YTD
- 15.23%
- 1Y
- 37.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $865.31K | $566.51K | $438.05K | |
| $166.22K | $181.03K | $420.26K |
SPOG vs. QQQP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPOG Leverage Shares 2X Long SPOT Daily ETF | -40.53% | -18.73% |
QQQP Tradr 2X Long Triple Q Quarterly ETF | 15.23% | 1.24% |
Correlation
The correlation between SPOG and QQQP is 0.12, 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 | 0.12 |
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Return for Risk
SPOG vs. QQQP — Risk / Return Rank
SPOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQP
SPOG vs. QQQP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) and Tradr 2X Long Triple Q Quarterly ETF (QQQP). 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.
| SPOG | QQQP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.27 | — |
| Martin ratioReturn relative to average drawdown | — | 4.02 | — |
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Drawdowns
SPOG vs. QQQP - Drawdown Comparison
The maximum SPOG drawdown since its inception was -64.41%, which is greater than QQQP's maximum drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for SPOG and QQQP.
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Drawdown Indicators
| SPOG | QQQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -42.50% | -21.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.35% | — |
Current DrawdownCurrent decline from peak | -52.15% | -15.47% | -36.68% |
Average DrawdownAverage peak-to-trough decline | -43.46% | -7.46% | -36.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.01% | — |
Volatility
SPOG vs. QQQP - Volatility Comparison
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Volatility by Period
| SPOG | QQQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 30.88% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 96.11% | 37.67% | +58.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.11% | 44.67% | +51.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.11% | 44.67% | +51.44% |
SPOG vs. QQQP - Expense Ratio Comparison
SPOG has a 0.75% expense ratio, which is lower than QQQP's 1.30% expense ratio.
Dividends
SPOG vs. QQQP - Dividend Comparison
Neither SPOG nor QQQP has paid dividends to shareholders.
Frequently Asked Questions
SPOG and QQQP have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPOG is cheaper with a 0.75% expense ratio, compared with 1.30% for QQQP.
SPOG and QQQP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for SPOG and 1.30% for QQQP.
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