Are MQQQ and QQQP levered on the same thing?

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

Can I hold MQQQ or QQQP for a year?

MQQQ resets every calendar month and QQQP resets every calendar quarter, 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 QQQP?

MQQQ charges 1.03% a year and QQQP charges 1.00%, so QQQP is cheaper. Fees come from each fund's prospectus.

Data as of Oct 27, 2026.

Leveraged and inverse ETFs

MQQQ vs QQQP: Leverage, Returns & Decay

Over the three months to Oct 27, 2026, MQQQ returned 11.9% and QQQP 13.1%.

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Net assets on Oct 27, 2026: $252m for Tradr 2X Long Innovation 100 Monthly ETF and $13m for Tradr 2X Long Innovation 100 Quarterly ETF.

MQQQ on its own →QQQP on its own →

At a glance

Pair scorecard

QQQP costs 0.03 points a year less; their one-year returns differ by 0.4 points; MQQQ is 19.4 times larger.

Points (pts) are percentage points.

MQQQ vs QQQP: Leverage, Returns & Decay
Measure	MQQQ	QQQP
Return
Measure	MQQQ	QQQP
Total return, 1 year	+18.7%	+18.3%
What the underlying did, 3 months	QQQ 6.9%
What the underlying did, 3 months	QQQ 6.9%
Benchmark
Measure	MQQQ	QQQP
What it tracks	Nasdaq-100	Nasdaq-100
Cost and size
Measure	MQQQ	QQQP
Expense ratio	1.03%	1.00%
Net assets	$252m	$13m
Holdings
Measure	MQQQ	QQQP
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 QQQP Tradr 2X Long Innovation 100 Quarterly ETF · Aims to return twice QQQ’s move over each calendar quarter

Issuer Tradr Tradr

Sets out to return +2x +2x

Underlying asset QQQ QQQ

Segment us large cap us large cap

Fund returned, 3 months +11.9% +13.1%

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

What the stated multiple implies, over that window not published not published

Difference from stated, over that window not available not available

Fund returned, 1 year +18.7% +18.3%

Difference from stated, over that window not available not available

Underlying volatility 19% 19%

Expense ratio 1.03% 1.00%

First traded Sep 3, 2024 Oct 1, 2024

Net assets $252m $13m

As of Oct 27, 2026. Source: ETFIQ.

Window by window

Window by window: MQQQ vs QQQP: Leverage, Returns & Decay
	Total return		Multiple would give		Difference
Window	MQQQ	QQQP	MQQQ	QQQP	MQQQ	QQQP
1 month	−6.8%	−6.8%	not meaningful	not meaningful	not meaningful	not meaningful
3 months	+11.9%	+13.1%	not meaningful	not meaningful	not meaningful	not meaningful
6 months	+13.8%	+13.3%	not meaningful	not meaningful	not meaningful	not meaningful
1 year	+18.7%	+18.3%	not meaningful	not meaningful	not meaningful	not meaningful
Since launchNot the same days: MQQQ Sep 2024 · QQQP Oct 2024	+98.0%	+80.5%	not meaningful	not meaningful	not meaningful	not meaningful

Source: ETFIQ. Open this comparison in the app →

Alert

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%.

QQQP

Over the quarter to Sep 30, 2026, QQQP lost 0.5%, against 1.2% for twice QQQ's return. Across its 7 completed quarters (Q1 2025 to Q3 2026), the gap to +2 times QQQ ran from −2.3 pts to −1.6 pts.

QQQP aims to return +2 times QQQ's move over each full calendar quarter, from the close of the last business day of one quarter to the close of the last business day of the next.

Questions people ask

Are MQQQ and QQQP levered on the same thing?: Yes. Both are levered on the Nasdaq-100, MQQQ at +2 times each calendar month’s move and QQQP at +2 times each calendar quarter’s move.
Can I hold MQQQ or QQQP for a year?: MQQQ resets every calendar month and QQQP resets every calendar quarter, 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 QQQP?: MQQQ charges 1.03% a year and QQQP charges 1.00%, so QQQP is cheaper. Fees come from each fund's prospectus.

Other comparisons

MQQQ vs QLD MQQQ vs QID MQQQ vs PSQ MQQQ vs SQQQ QQQP vs SQQQ QQQP vs TQQQ QQQP vs QID QQQP 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 →QQQP on its own →MQQQ dividend history →MQQQ holdings →QQQP holdings →Method →Standards and sources →

Sources and dates

MQQQ and QQQP filings on SEC EDGAR ↗

MQQQ and QQQP prospectus with the expense ratio (SEC) ↗

Tradr website ↗

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 QQQP, data as of Oct 27, 2026. https://etfiq.com/compare/leverage/mqqq-vs-qqqp

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