Data as of Nov 4, 2026.

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MFUT vs QQQ: Differences, Returns & Fees

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Over the year to Nov 4, 2026, MFUT returned +22.8% to QQQ's +12.3%, and QQQ charges 0.18% to MFUT's 0.89%.

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Net assets: $39m on Jun 30, 2026 for Cambria Chesapeake Pure Trend ETF, and $464.6bn on Nov 3, 2026 for Invesco QQQ Trust, Series 1.

At a glance
+22.8%
MFUT total return, 1 year
+12.3%
QQQ total return, 1 year
0.89%
MFUT expense ratio
0.18%
QQQ expense ratio

Pair scorecard

QQQ costs 0.71 points a year less; their one-year returns differ by 10.5 points.

MFUT vs QQQ: Differences, Returns & Fees
MeasureMFUTQQQ
Return
Total return, 1 year+22.8%+12.3%
Total return, 52 weeks+22.8%
Drawdown
Below its high8.9%, high on Oct 6, 2026
Against its benchmark
What it tracksnot publishedNasdaq-100 Index
Treasury bills, 52 weeks+3.7%
Against cash19.1 points ahead
Cost and size
Expense ratio0.89%0.18%
Net assets, MFUT as of Jun 30, 2026 and QQQ as of Nov 3, 2026$39m$464.6bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight94%
Top ten holdings, share of the fund46.7%
Risk
Correlation with the S&P 500’s weekly returns+0.54
Beta to the S&P 500+0.74: about 0.74% for each 1%
Its average week when the S&P 500 fellfell 0.96%
Down-week capture89.9%
Weeks the S&P 500 fell26 of 52, by 1.07% on average

Method

Side by side

MFUT Cambria Chesapeake Pure Trend ETF QQQ Invesco QQQ Trust, Series 1
Where it sits Alternatives ETF Stock ETF
What it is Managed futures Tracks the Nasdaq-100
Total return, 1 year +22.8% +12.3%
Its benchmark over the same days not measured +12.3% (QQQM)
Gap to its benchmark not measured 0.0 pts vs QQQM
Expense ratio 0.89% 0.18%
Holdings not read by ETFIQ 103
Net assets, MFUT as of Jun 30, 2026 and QQQ as of Nov 3, 2026 $39m $464.6bn

MFUT and QQQ on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund
MFUT

MFUT is a managed futures fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.54 with the S&P 500’s and a beta of +0.74, so for each 1% the index moved it moved about 0.74% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks MFUT fell 0.96% on average, a down-week capture of 89.9%. Over the same 52 weeks MFUT returned +22.8% and a Treasury bill fund +3.7%, so it finished 19.1 percentage points ahead of cash.

QQQ

QQQ tracks the Nasdaq-100. Over the year to Nov 4, 2026 it returned +12.3% with distributions reinvested, against +12.3% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Nov 3, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 8.9% below its high of Oct 6, 2026 on Nov 4, 2026.

Questions people ask

Are MFUT and QQQ in the same category?
MFUT is an alternatives ETF and QQQ is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, MFUT or QQQ?
In the year to Nov 4, 2026, with distributions reinvested, MFUT returned +22.8% and QQQ +12.3%.
Which is cheaper, MFUT or QQQ?
QQQ is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, MFUT against QQQ, data as of Nov 4, 2026. https://etfiq.com/compare/any/mfut-vs-qqq

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