Skip to content
etf.net

Launched

Tradr 2X Long Innovation 100 Monthly ETF

MQQQNasdaqTradrCThis 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.

$201.64−6.18 (−2.97%)

At close: Nov 2, 2026, 4:00 PM ET

C47/ 100

Rank 31 of 99 in Leveraged Long (2x & Other)

C47/100Rank 31 of 99inLeveraged Long (2x & Other)
Intraday session: down, 79 prints from 207.82 to 201.64. Range 201.64 to 212.84. Use the arrow keys to read each point.205.00210.00212.5010 AM12 PM2 PM4 PM
Expense ratio
1.03%
Fund size
$223M
1Y total return
+4.8%
Yield · Last 12 months
1.81%
Holdings
4
Avg volume · 30D
47.5K sh
52W range
low $145.39high $255.64
Launched

The ETF.net MQQQ Grade

C

Score 47 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
31 of 99
Six-pillar profile for MQQQ. Scores out of 100: Cost 21, Risk 61, Mission 85, Tradability 84, Holdings 33, Durability 61. Strongest: Mission (85). Weakest: Cost (21). Leans toward Mission and Tradability.

Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F21 out of 100
    Rank 78 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A85 out of 100
    Rank 4 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 36 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A84 out of 100
    Rank 6 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D33 out of 100
    Rank 23 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 35 of 99

Our read on MQQQ

ETF.net Research

In short

CMost leveraged ETFs reset every single day. MQQQ runs on the calendar instead, aiming for twice the Invesco QQQ Trust's return over a full calendar month, before fees and expenses, for 1.03%.

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

  • Daily-reset 2x funds rebuild exposure every night, so a choppy stretch can leave holders with less than twice the move. MQQQ's target is twice QQQ across a full calendar month.sec.gov
  • A clean contract: one reference (the Invesco QQQ Trust), one multiple, a 1940 Act fund. It has stayed close to that stated monthly target since launching in 2024.
  • Sits in the upper half of a crowded field of roughly 100 leveraged long ETFs, and trades on Nasdaq with spreads that hold up well for a fund this size.

Worth knowing

  • Your entry day matters. Buy mid-month and the prospectus says you generally get more or less than 200% of that month's QQQ return, depending on how QQQ moved since month-end.sec.gov
  • The monthly clock costs more: 1.03% sits above the leveraged-long median, while daily-reset QLD charges 0.89% net of a waiver through September 30, 2027.
  • Leverage runs both directions: per the prospectus, if QQQ falls more than 50% inside one calendar month, the full value of the investment can be lost.sec.gov

MQQQ Performance

Launched Aug 30, 2024

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

Not enough history yet.Not enough history yet.Not enough history yet.
MQQQ$10,476
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. MQQQ $10,476. SPY $11,146. Use the arrow keys to read each point.$8,000$10,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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+11.1%
1 month−18.5%
3 months−5.1%
1 year+4.8%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+11.1%
2025+31.7%
2024+19.7%

History from Sep 3, 2024

MQQQ in the news

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 Nov 2, 2026.
1.81%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

$10,000 in MQQQ 1 year ago paid $185 in dividends.

MQQQ Risk

Risk pillarB61 out of 100Rank 36 of 98 in Leveraged Long (2x & Other)

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.
38.2%
Annualised · 25 months to Oct 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.
0.68
vs 3-month T-bills · 25 months to Oct 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%
25 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.

FMP measures it over up to five years of monthly returns.

MQQQ Cost

Compare MQQQ and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$15,018

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MQQQ 1.03%

    $19,173

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • MQQQ 1.03%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MQQQ $19,173WX $4,155

Year by year

YearMQQQWXOverpaying
10$1,814$365$1,449
20$6,807$1,421$5,386
30$19,173$4,155$15,018

Other funds in Leveraged Long (2x & Other)

See others