MQQQ vs UYG

MQQQCTradr 2X Long Innovation 100 Monthly ETF

UYGAProShares Ultra Financials

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%.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

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.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

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.

• UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
• At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
• The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
• Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

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

• UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
• One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
• It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full MQQQ profile⁠

Full UYG profile⁠