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 -85.85% vs 61.35% for QQQP. At a 0.45 correlation, their price movements are largely independent. 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 -63.13% return, which is significantly lower than QQQP's 26.65% return.
UPSX
- 1D
- 0.61%
- 1M
- 14.06%
- YTD
- -63.13%
- 6M
- -70.79%
- 1Y
- -85.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQP
- 1D
- -5.26%
- 1M
- -1.02%
- YTD
- 26.65%
- 6M
- 23.33%
- 1Y
- 61.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPSX vs. QQQP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UPSX Tradr 2X Long UPST Daily ETF | -63.13% | -61.18% |
QQQP Tradr 2X Long Triple Q Quarterly ETF | 26.65% | 27.71% |
Correlation
The correlation between UPSX and QQQP is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025 | 0.45 |
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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 | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.29 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.43 | -3.34 |
| Martin ratioReturn relative to average drawdown | -1.14 | 8.72 | -9.87 |
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Drawdowns
UPSX vs. QQQP - Drawdown Comparison
The maximum UPSX drawdown since its inception was -95.01%, 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 | -95.01% | -42.50% | -52.51% |
Max Drawdown (1Y)Largest decline over 1 year | -95.01% | -25.35% | -69.66% |
Current DrawdownCurrent decline from peak | -92.74% | -7.10% | -85.64% |
Average DrawdownAverage peak-to-trough decline | -67.11% | -7.26% | -59.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.96% | 7.05% | +67.91% |
Volatility
UPSX vs. QQQP - Volatility Comparison
Tradr 2X Long UPST Daily ETF (UPSX) has a higher volatility of 43.27% compared to Tradr 2X Long Triple Q Quarterly ETF (QQQP) at 15.55%. 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 | 43.27% | 15.55% | +27.72% |
Volatility (6M)Calculated over the trailing 6-month period | 102.17% | 27.56% | +74.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 140.34% | 34.61% | +105.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.11% | 44.42% | +96.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.11% | 44.42% | +96.69% |
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 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPSX has higher volatility (43.27%) compared to QQQP (15.55%). In terms of maximum drawdown, UPSX dropped -95.01% vs QQQP's -42.50%.
On 1-year performance, QQQP leads with 61.35% vs -85.85% for UPSX. Both ETFs have the same 1.30% expense ratio. 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.
Over the 1-year period, QQQP has performed better with a 61.35% return vs -85.85%. 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 (1.78 vs -0.61), 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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