ETF Evaluator:
Tradr 2X Long Innovation100 QuarterlyETF (QQQP)
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(as of Sep 03)
Best Performing in Trading--Leveraged Equity Over the Last Year
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ETF Details
Tradr 2X Long Innovation100 QuarterlyETF Overview
Tradr 2X Long Innovation100 QuarterlyETF (QQQP) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). AXS launched the ETF in 2024.
The investment seeks calendar quarter investment results, before fees and expenses, that correspond to two times (200%) the calendar quarter performance of the Invesco QQQ TrustSM.
Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the calendar quarter performance of the Invesco QQQ TrustSM. The manager will enter into one or more swaps with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return earned or realized on the Invesco QQQ TrustSM. The fund is non-diversified.
About Tradr 2X Long Innovation100 QuarterlyETF (QQQP)
There are 2 members of the management team with an average tenure of 1.92 years: Travis Trampe (2024) and Parker Binion (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 200%. Tradr 2X Long Innovation100 QuarterlyETF has 8 securities in its portfolio. The top 10 holdings constitute 329.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Tradr 2X Long Innovation100 QuarterlyETF is part of the Other global asset class and is within the Miscellaneous ETF group. Tradr 2X Long Innovation100 QuarterlyETF has 5.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 79.7% There is 5.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Tradr 2X Long Innovation100 QuarterlyETF has 14.6% of the portfolio in cash.
Assets Under Management
The fund has $13 million in total assets, which is below the $270 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
QQQP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Tradr 2X Long Innovation100 QuarterlyETF expense ratio is high compared to funds in the Trading--Leveraged Equity category. Tradr 2X Long Innovation100 QuarterlyETF has an expense ratio of 1.00%, which is 4% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Tradr 2X Long Innovation100 QuarterlyETF has a portfolio turnover rate of 263%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 1539% for the Trading--Leveraged Equity category.
Recently, in the month of August 2026, Tradr 2X Long Innovation100 QuarterlyETF returned 8.5%, which earned it a grade of B, as the Trading--Leveraged Equity category had an average return of 10.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Tradr 2X Long Innovation100 QuarterlyETF has a trailing yield of 0.00%, which is below the 5.59% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Tradr 2X Long Innovation100 QuarterlyETF Grades
Year to date, the ETF has returned 24.6%, 14.8 percentage points better than the category, which translates into a grade of B. The fund has returned 41.1% over the past year (grade of B).
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QQQP Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QQQP Return (NAV) | 8.5% | -7.0% | 41.1% | na | na | na |
| QQQP Return (Price) | 8.2% | -4.0% | 39.3% | na | na | na |
| NAV +/- Price Return | 0.260% | -2.938% | 1.773% | na | na | na |
| Trading--Leveraged Equity Avg | 10.8% | -18.7% | 49.1% | 23.8% | 6.5% | 9.9% |
| QQQP Grade (NAV) | B | B | B | na | na | na |
| +/- Category (NAV) | -2.3% | 11.8% | -7.9% | na | na | na |
| QQQP Tax-Cost Ratio | na | na | 0.0% | na | na | na |
QQQP Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QQQP Return (NAV) | 24.6% | 30.2% | na | na | na | na | na | na | na | na | na |
| QQQP Return (Price) | 24.7% | 30.2% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.006% | -0.001% | na | na | na | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | 9.8% | 41.3% | 30.0% | 62.2% | -36.7% | 45.0% | 6.2% | 64.1% | -31.9% | 61.0% | 29.3% |
| QQQP Grade (NAV) | B | B | na | na | na | na | na | na | na | na | na |
| +/- Category | 14.8% | -11.1% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 14 Mil |
| Share Class Assets: | $ 14 Mil |
| Turnover: | 263.0% |
| Expense Ratio: | 1.00% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 200% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Trampe Travis (2024), Binion Parker (2024) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 329.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 5.8% |
Portfolio Allocation |
|
| Domestic Stock: | 79.7% |
| Foreign Stock: | 5.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 14.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | AXS |
| Phone Number: | 888-528-2587 |
| Website: | |
| Inception Date: | September 30, 2024 |
Expenses and Fees
| Expense Ratio (%): | 1.00% (Rating: High) |
| Category Average Expense Ratio (%): | 0.96% |
