Are MQQQ and QLD levered on the same thing?

Yes. Both are levered on the Nasdaq-100, MQQQ at +2 times each calendar month’s move and QLD at +2 times each day’s move.

Can I hold MQQQ or QLD for a year?

MQQQ resets every calendar month and QLD resets every day, so the multiple in each name applies to one period only, and the periods compound. Over a year the total is not the multiple times the year’s move.

Which is cheaper, MQQQ or QLD?

MQQQ charges 1.03% a year and QLD charges 0.89%, so QLD is cheaper. Fees come from each fund's prospectus.

Data as of Oct 27, 2026.

Leveraged and inverse ETFs

MQQQ vs QLD: Leverage, Returns & Decay

Over the three months to Oct 27, 2026, MQQQ returned 11.9% and QLD 11.7%.

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Net assets on Oct 27, 2026: $252m for Tradr 2X Long Innovation 100 Monthly ETF and $14.6bn for ProShares Ultra QQQ.

MQQQ on its own →QLD on its own →

At a glance

Pair scorecard

QLD costs 0.14 points a year less; their one-year returns differ by 2.6 points; QLD is far larger, $14.6bn against $252m.

Points (pts) are percentage points.

MQQQ vs QLD: Leverage, Returns & Decay
Measure	MQQQ	QLD
Return
Measure	MQQQ	QLD
Total return, 1 year	+18.7%	+21.3%
What its daily multiple gave, 3 months		13.2%
What the underlying did, 3 months	QQQ 6.9%	QQQ 6.9%
What the underlying did, 3 months	QQQ 6.9%	QQQ 6.9%
The multiple over the whole window		2 times gives +13.8%
Against its benchmark
Measure	MQQQ	QLD
What it tracks	Nasdaq-100	Nasdaq-100
Against its daily multiple, 3 months		1.5 points short
Against the whole-window multiple		2.1 points short
Cost and size
Measure	MQQQ	QLD
Expense ratio	1.03%	0.89%
Net assets	$252m	$14.6bn
Holdings
Measure	MQQQ	QLD
Holdings in common	not published

Method

Side by side

MQQQ Tradr 2X Long Innovation 100 Monthly ETF · Aims to return twice QQQ’s move over each calendar month QLD ProShares Ultra QQQ · Aims to return twice the daily move of the Nasdaq-100, measured through QQQ

Issuer Tradr ProShares

Sets out to return +2x +2x

Underlying asset QQQ QQQ

Segment us large cap us large cap

Fund returned, 3 months +11.9% +11.7%

Underlying returned, over that window +6.9% +6.9%

What the stated multiple implies, over that window not published +13.8%

Difference from stated, over that window not available −2.1 pts

Fund returned, 1 year +18.7% +21.3%

Difference from stated, over that window not available −9.5 pts

Underlying volatility 19% 19%

Expense ratio 1.03% 0.89%

First traded Sep 3, 2024 Jun 21, 2006

Net assets $252m $14.6bn

As of Oct 27, 2026. Source: ETFIQ.

Window by window

Window by window: MQQQ vs QLD: Leverage, Returns & Decay
	Total return		Multiple would give		Difference
Window	MQQQ	QLD	MQQQ	QLD	MQQQ	QLD
1 month	−6.8%	−6.9%	not meaningful	−6.2%	not meaningful	−0.7 pts
3 months	+11.9%	+11.7%	not meaningful	+13.8%	not meaningful	−2.1 pts
6 months	+13.8%	+14.9%	not meaningful	+19.8%	not meaningful	−4.9 pts
1 year	+18.7%	+21.3%	not meaningful	+30.8%	not meaningful	−9.5 pts
3 years	–	+232.6%	–	not meaningful	–	not meaningful
Since launchNot the same days: MQQQ Sep 2024 · QLD Jun 2006	+98.0%	+9,088.4%	not meaningful	not meaningful	not meaningful	not meaningful

Source: ETFIQ. – means no data for this window. Open this comparison in the app →

Client brief · page 1 of 2 Report BR-9B719863C0

MQQQ and QLD are built for the same job. How do they differ in cost, holdings and results?

One-year total return. Over 1 year to Oct 27, 2026 MQQQ returned +18.7% and QLD +21.3% with distributions reinvested, a gap of 2.6 points.
Cost. MQQQ charges 1.03% of assets a year and QLD 0.89%, a gap of 0.14 points.
Size. MQQQ has $252m in net assets and QLD $14.6bn (Net assets); QLD is 57.9 times larger.

Data as of Oct 27, 2026.

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About each fund

MQQQ

Over the month to Sep 30, 2026, MQQQ returned 6.0%, against 6.6% for twice QQQ's return. Across its 12 completed months (Oct 2025 to Sep 2026), the gap to +2 times QQQ ran from −1.0 pts to −0.3 pts.

MQQQ aims to return +2 times QQQ's move over each full calendar month, from the close of the last business day of one month to the close of the last business day of the next. It does not seek that multiple over any other period. Over the three months to Oct 27, 2026, QQQ returned 6.9%.

QLD

Of that 2.1, daily compounding is −0.6 points, which any 2 times fund would show over the same path, and the fund itself is −1.5 points against 2 times each day's move, compounded.

Over the three months to Oct 27, 2026, QLD returned 11.7%, against 13.2% for twice QQQ's daily moves. Read the multiple against the whole window instead and 2 times QQQ's 6.9% implies +13.8%, which makes QLD look 2.1 points short. That is not the fund's objective, which is daily. QLD aims to return +2 times QQQ's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. QQQ moved at 19% annualized over that window. The more it moves, the further the two numbers separate.

Questions people ask

Are MQQQ and QLD levered on the same thing?: Yes. Both are levered on the Nasdaq-100, MQQQ at +2 times each calendar month’s move and QLD at +2 times each day’s move.
Can I hold MQQQ or QLD for a year?: MQQQ resets every calendar month and QLD resets every day, so the multiple in each name applies to one period only, and the periods compound. Over a year the total is not the multiple times the year’s move.
Which is cheaper, MQQQ or QLD?: MQQQ charges 1.03% a year and QLD charges 0.89%, so QLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

MQQQ vs PSQ MQQQ vs QID MQQQ vs TQQQ MQQQ vs SQQQ QLD vs SQQQ QLD vs QQQP QLD vs TQQQ QLD vs PSQ

Where to next

QQQ →All leveraged ETFs ranked by the 3-Month Tracking Score →How the scores are computed →MQQQ on its own →QLD on its own →MQQQ dividend history →MQQQ holdings →QLD dividend history →QLD holdings →Method →Standards and sources →

Sources and dates

MQQQ filings on SEC EDGAR ↗

MQQQ prospectus with the expense ratio (SEC) ↗

Tradr website ↗

QLD filings on SEC EDGAR ↗

QLD prospectus with the expense ratio (SEC) ↗

ProShares page for QLD ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, MQQQ against QLD, data as of Oct 27, 2026. https://etfiq.com/compare/leverage/mqqq-vs-qld

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.