MQQQ vs QLD

MQQQCTradr 2X Long Innovation 100 Monthly ETF

QLDAProShares Ultra QQQ

In short

MQQQ Most 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%.

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

Stated mandate

MQQQ 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.

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

Why people hold it

• MQQQ 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.

• QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
• Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
• A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
• Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

Worth knowing

• MQQQ 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

• QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
• Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
• Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

Full MQQQ profile⁠

Full QLD profile⁠