UPSX vs. QQQP
UPSX (Tradr 2X Long UPST Daily ETF) and QQQP (Tradr 2X Long Triple Q Quarterly ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, UPSX returned -93.97% vs 37.33% for QQQP. Their 0.46 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.
Performance
UPSX vs. QQQP - Performance Comparison
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Returns By Period
In the year-to-date period, UPSX achieves a -73.09% return, which is significantly lower than QQQP's 15.23% return.
UPSX
- 1D
- 2.70%
- 1M
- -39.78%
- 6M
- -64.92%
- YTD
- -73.09%
- 1Y
- -93.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -86.24%
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 | |
| $648.21K | $750.89K | $1.45M |
UPSX vs. QQQP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UPSX Tradr 2X Long UPST Daily ETF | -73.09% | -61.18% |
QQQP Tradr 2X Long Triple Q Quarterly ETF | 15.23% | 27.71% |
Correlation
The correlation between UPSX and QQQP is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025 | 0.46 |
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Return for Risk
UPSX vs. QQQP — Risk / Return Rank
UPSX
QQQP
UPSX vs. QQQP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long UPST Daily ETF (UPSX) 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.
| UPSX | QQQP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.16 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 1.27 | -2.27 |
| Martin ratioReturn relative to average drawdown | -1.18 | 4.02 | -5.20 |
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Drawdowns
UPSX vs. QQQP - Drawdown Comparison
The maximum UPSX drawdown since its inception was -95.03%, which is greater than QQQP's maximum drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for UPSX and QQQP.
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Drawdown Indicators
| UPSX | QQQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.03% | -42.50% | -52.53% |
Max Drawdown (1Y)Largest decline over 1 year | -94.81% | -25.35% | -69.46% |
Current DrawdownCurrent decline from peak | -94.70% | -15.47% | -79.23% |
Average DrawdownAverage peak-to-trough decline | -69.55% | -7.46% | -62.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.18% | 8.01% | +72.17% |
Volatility
UPSX vs. QQQP - Volatility Comparison
Tradr 2X Long UPST Daily ETF (UPSX) has a higher volatility of 23.48% compared to Tradr 2X Long Triple Q Quarterly ETF (QQQP) at 14.67%. This indicates that UPSX's price experiences larger fluctuations and is considered to be riskier than QQQP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UPSX | QQQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.48% | 14.67% | +8.81% |
Volatility (6M)Calculated over the trailing 6-month period | 98.83% | 30.88% | +67.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.84% | 37.67% | +100.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.77% | 44.67% | +92.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.77% | 44.67% | +92.10% |
UPSX vs. QQQP - Expense Ratio Comparison
Both UPSX and QQQP have an expense ratio of 1.30%.
Dividends
UPSX vs. QQQP - Dividend Comparison
Neither UPSX nor QQQP has paid dividends to shareholders.
Frequently Asked Questions
UPSX and QQQP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPSX has higher volatility (23.48%) compared to QQQP (14.67%). In terms of maximum drawdown, UPSX dropped -95.03% vs QQQP's -42.50%.
On 1-year performance, QQQP leads with 37.33% vs -93.97% for UPSX. Both ETFs have the same 1.30% expense ratio. On volatility, QQQP has been the lower-risk option at 14.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQP has performed better with a 37.33% return vs -93.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UPSX and QQQP have the same expense ratio: 1.30% per year.
UPSX and QQQP have nearly identical dividend yields, around 0.00%.
QQQP currently has the higher Sharpe Ratio (0.86 vs -0.69), 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.
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