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MQQQ

GradeBNASDAQ

Tradr 2X Long Innovation 100 Monthly ETF

Leveraged · Leveraged & Inverse · Tradr · Inception 2024-08-30

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$242.35−4.18 (−1.70%)

As of Sep 23, 2026, 2:54 PM EDT

History starts Sep 3, 2024.
Intraday session: down, 28 prints from 246.53 to 242.35. Range 240.45 to 245.71. Use the arrow keys to read each point.$240.00$244.00$246.0010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$265M
1Y return
+38.6%
Yield · Last 12 months
1.48%
Volume · 30D
0.1M sh
NAV per share
$246.50
52W range
low $145.39high $253.87

The ETF.net MQQQ Grade

B

66/ 100

Rank 6 of 99 in Leveraged Long (2x & Other)⁠

Confidence High

Six-pillar profile for MQQQ. Scores out of 100: Cost 65, Risk 61, Mission 97, Tradability 76, Holdings 36, Durability 62. Strongest: Mission (97). Weakest: Holdings (36). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 65
    Category rank35/99 · top 35%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 97
    Category rank1/10 · top 10%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 61
    Category rank33/94 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 76
    Category rank12/99 · top 12%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 36
    Category rank18/23 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 62
    Category rank31/99 · top 31%

Graded as of Sep 22, 2026

Our read on MQQQ

ETF.net Research

BMost leveraged funds reset their leverage every single day. MQQQ resets once a calendar month, aiming for twice the Invesco QQQ Trust's move across the full month. Same 2x ambition, a different clock.

Stated mandate

MQQQ seeks calendar-month investment results equal to twice the performance of the Invesco QQQ Trust, before fees and expenses. It is designed for a full calendar-month holding period rather than a different period.

Why people hold it

  1. 01The monthly reset is the whole point: it targets 2x the Invesco QQQ Trust over a complete calendar month, not a chain of doubled daily moves stitched together.tradretfs.com
  2. 020.95% a year undercuts the typical leveraged bull ETF, where the median fee sits above 1%.
  3. 03It has delivered its stated monthly multiple closely and stands in the upper tier of the leveraged long group on our review.
  4. 04Standard 1940 Act fund wrapper: ordinary ETF trading and 1099 reporting, no K-1 at tax time.tradretfs.com

Worth knowing

  1. 01Designed around a full calendar month. Buy mid-month and your effective exposure reflects whatever the month has already done, not a clean 2x from your entry.
  2. 02Leverage points both directions: a losing month for the reference trust is magnified roughly twofold on the downside as well.
  3. 03Launched in 2024 and far smaller than daily-reset veterans like QLD, so the track record is short and trading costs can run wider.

MQQQ Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
QQQ55.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001QQQINVESCO QQQ TRUST - USD55.70%223,769$161M26
002—CASHUSD30.82%89,310,616$89M49
003—CFD INVESCO QQQ TRUST SERIES 112.15%-381,561,826$35M1
004—NET OTHER ASSETS1.33%3,857,737$4M134

Showing 1–4 of 4 holdings

MQQQ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MQQQ$13,855
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MQQQ $13,855. SPY $11,723. Use the arrow keys to read each point.$7,756$11,170$14,584Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MQQQ. Periods over one year show the average yearly return.
PeriodMQQQ
Year to date+35.9%
1 month+9.0%
3 months+0.0%
1 year+38.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MQQQ
YearReturn barMQQQ
2026 YTD+35.9%
2025+31.7%
2024+19.7%

History from Sep 3, 2024

MQQQ in the news

ETF.net Research hasn’t filed on MQQQ yet — coverage lands here as it’s written.

MQQQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.48%Last 12 months
Payout per share
$3.66Last 12 months
Last payment
$3.66 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.0068; Dec 23, 2025 $3.66. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 26, 2025$3.66
Dec 23, 2024Dec 27, 2024$0.0068

MQQQ Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
37.8%
Annualised · 23 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.87
vs 3-month T-bills · 23 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−42.2%
24 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.65
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MQQQ Cost

Expense ratio0.95%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 0.99%

29 of the 93 Leveraged Long (2x & Other) funds charge less.

MQQQ costs $95.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.00.