YQQQ vs. MQQQ

Last updated Jul 12, 2026

YQQQ (YieldMax Short N100 Option Income Strategy ETF) and MQQQ (Tradr 2X Long Triple Q Monthly ETF) are both exchange-traded funds - YQQQ is a Derivative Income fund actively managed by YieldMax, while MQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%). YQQQ is actively managed, while MQQQ is passively managed. Over the past year, YQQQ returned -9.22% vs 55.14% for MQQQ. At a correlation of -0.95, they often move in opposite directions. YQQQ charges 0.99%/yr vs 1.30%/yr for MQQQ.

Performance

YQQQ vs. MQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short N100 Option Income Strategy ETF (YQQQ) and Tradr 2X Long Triple Q Monthly ETF (MQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YQQQ achieves a -6.58% return, which is significantly lower than MQQQ's 30.85% return.

YQQQ

• 1D: -0.16%
• 1M: 1.19%
• 6M: -5.53%
• YTD: -6.58%
• 1Y: -9.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MQQQ

• 1D: 0.68%
• 1M: 0.77%
• 6M: 26.00%
• YTD: 30.85%
• 1Y: 55.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YQQQ vs. MQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YQQQ YieldMax Short N100 Option Income Strategy ETF	-6.58%	-9.97%	-4.54%
MQQQ Tradr 2X Long Triple Q Monthly ETF	30.85%	31.67%	16.76%

Correlation

The correlation between YQQQ and MQQQ is -0.96, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.96
Correlation (All Time) Calculated using the full available price history since Sep 3, 2024	-0.95

The correlation between YQQQ and MQQQ has been stable across timeframes, ranging from -0.96 to -0.95 - a consistent structural relationship.

Return for Risk

YQQQ vs. MQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YQQQ

YQQQ Risk / Return Rank: 5
YQQQ Sharpe Ratio Rank: 4
YQQQ Sortino Ratio Rank: 4
YQQQ Omega Ratio Rank: 4
YQQQ Calmar Ratio Rank: 6
YQQQ Martin Ratio Rank: 5

MQQQ

MQQQ Risk / Return Rank: 52
MQQQ Sharpe Ratio Rank: 54
MQQQ Sortino Ratio Rank: 49
MQQQ Omega Ratio Rank: 50
MQQQ Calmar Ratio Rank: 54
MQQQ Martin Ratio Rank: 54

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.

YQQQ vs. MQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) and Tradr 2X Long Triple Q Monthly ETF (MQQQ). 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.

	YQQQ	MQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	1.48	-2.14
Sortino ratio: Return per unit of downside risk	-0.84	1.98	-2.83
Omega ratio: Gain probability vs. loss probability	0.90	1.26	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.42	2.17	-2.59
Martin ratio: Return relative to average drawdown	-0.98	7.37	-8.36

YQQQ vs. MQQQ - Sharpe Ratio Comparison

The current YQQQ Sharpe Ratio is -0.66, which is lower than the MQQQ Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of YQQQ and MQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YQQQ vs. MQQQ - Drawdown Comparison

The maximum YQQQ drawdown since its inception was -29.10%, smaller than the maximum MQQQ drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for YQQQ and MQQQ.

Drawdown Indicators

	YQQQ	MQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-29.10%	-42.16%	+13.06%
Max Drawdown (1Y) Largest decline over 1 year	-21.80%	-25.23%	+3.43%
Current Drawdown Current decline from peak	-26.31%	-6.08%	-20.23%
Average Drawdown Average peak-to-trough decline	-14.87%	-7.17%	-7.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	7.41%	+1.84%

Volatility

YQQQ vs. MQQQ - Volatility Comparison

The current volatility for YieldMax Short N100 Option Income Strategy ETF (YQQQ) is 6.33%, while Tradr 2X Long Triple Q Monthly ETF (MQQQ) has a volatility of 16.77%. This indicates that YQQQ experiences smaller price fluctuations and is considered to be less risky than MQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YQQQ	MQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	16.77%	-10.44%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	30.33%	-18.75%
Volatility (1Y) Calculated over the trailing 1-year period	13.82%	36.90%	-23.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	44.41%	-27.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.56%	44.41%	-27.85%

YQQQ vs. MQQQ - Expense Ratio Comparison

YQQQ has a 0.99% expense ratio, which is lower than MQQQ's 1.30% expense ratio.

Dividends

YQQQ vs. MQQQ - Dividend Comparison

YQQQ's dividend yield for the trailing twelve months is around 29.59%, more than MQQQ's 1.54% yield.

Position	TTM	2025	2024
MQQQ Tradr 2X Long Triple Q Monthly ETF	1.54%	2.02%	0.02%
YQQQ YieldMax Short N100 Option Income Strategy ETF	29.59%	31.71%	7.88%

Frequently Asked Questions

Can I hold both YQQQ and MQQQ in my portfolio?

YQQQ and MQQQ have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YQQQ or MQQQ?

MQQQ has higher volatility (16.77%) compared to YQQQ (6.33%). In terms of maximum drawdown, YQQQ dropped -29.10% vs MQQQ's -42.16%.

Which ETF is better, YQQQ or MQQQ?

On 1-year performance, MQQQ leads with 55.14% vs -9.22% for YQQQ. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YQQQ or MQQQ?

Over the 1-year period, MQQQ has performed better with a 55.14% return vs -9.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YQQQ or MQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 1.30% for MQQQ.

Which ETF pays a higher dividend yield, YQQQ or MQQQ?

YQQQ has the higher dividend yield at 29.59%, compared with 1.54% for MQQQ.

What is the main difference between YQQQ and MQQQ?

YQQQ is categorized as Derivative Income, while MQQQ is Leveraged Equities. They also come from different issuers: YieldMax and AXS. Their fees differ too: 0.99% for YQQQ and 1.30% for MQQQ.

Which has better risk-adjusted returns?

MQQQ currently has the higher Sharpe Ratio (1.48 vs -0.66), 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.