MQQQ vs SPYQ
Tradr 2X Long Innovation 100 Monthly ETF vs Tradr 2X Long SPY Quarterly ETF
Which is better, MQQQ or SPYQ?
MQQQ has been ahead.
SPYQ has a lower expense ratio. MQQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MQQQ | SPYQ |
|---|---|---|
| Expense Ratio | 1.03% | 1.00%Best |
| AUM | $260M | $12M |
| Dividend Yield | 1.52% | 0.14% |
| Holdings | 9 | 9 |
| YTD Return | +29.03%Best | +19.99% |
| 1Y Return | +33.36%Best | +26.06% |
| Volatility (annualized) | 37.2% | 25.0%Best |
| Max Drawdown | -42.2% | -35.9%Best |
| $10,000 over 2 years | $18,515Best | $15,763 |
| Fund Family | Tradr ETFs | Tradr ETFs |
| Category | Alternative | Alternative |
| Style | Leverage Strategy | Leverage Strategy |
| Inception | Sep 3, 2024 | Sep 30, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 1, 2024 to Oct 14, 2026 (2 years).
MQQQ vs SPYQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
MQQQ vs SPYQ Performance
Tradr 2X Long Innovation 100 Monthly ETF (MQQQ) is an ETF from Tradr ETFs and Tradr 2X Long SPY Quarterly ETF (SPYQ) is an ETF from Tradr ETFs. Over the past year MQQQ returned +33.36% while SPYQ returned +26.06%. Year to date, MQQQ is up 29.03% versus a gain of 19.99% for SPYQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MQQQ has been the more volatile fund, with annualized monthly volatility of 37.2% compared with 25.0% for SPYQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -42.2% for MQQQ and -35.9% for SPYQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MQQQ charges 1.03% per year while SPYQ charges 1.00%. On a $10,000 position that is $103 vs $100 annually, a gap of $3 per year that compounds over a long holding period. On income, MQQQ currently yields 1.52% against 0.14% for SPYQ.
Holdings Overlap
We hold position weights for 1 holding in MQQQ and 1 in SPYQ, totalling 55.5% and 54.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in MQQQ and 1 in SPYQ, against full books of 9 and 9.
You are not choosing between two funds in isolation.
Whichever of MQQQ and SPYQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MQQQ or SPYQ?
MQQQ has an expense ratio of 1.03% while SPYQ charges 1.00%. SPYQ is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, MQQQ or SPYQ?
Over the past year MQQQ returned +33.36% vs +26.06% for SPYQ, so MQQQ leads on 1-year performance. Over the longest common window we track (2 years), MQQQ annualized +36.07% vs +25.55% for SPYQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MQQQ or SPYQ?
MQQQ has been the more volatile fund at 37.2% annualized versus 25.0% for SPYQ. Worst drawdown: MQQQ -42.2% vs SPYQ -35.9%.
Should I hold both MQQQ and SPYQ?
MQQQ and SPYQ have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, MQQQ or SPYQ?
MQQQ yields 1.52% while SPYQ yields 0.14%, so MQQQ currently pays the higher dividend yield.
Is SPYQ better than MQQQ?
SPYQ has a lower expense ratio. MQQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.