- Invesco QQQ Trust (QQQ): 57.77%
MQQQ ETF — Holdings & Analysis
The Tradr 2X Long Innovation 100 Monthly ETF (MQQQ) is an equity ETF with $0.20 billion in assets under management and an expense ratio of 1.31%.
MQQQ provides twice the monthly leveraged exposure to the Invesco QQQ Trust (QQQ), which tracks 100 NASDAQ-listed stocks. This leveraged approach differentiates it from traditional ETFs, offering potentially higher returns but also increased volatility and risk due to its concentrated holding in QQQ and the use of leverage.
Tradr 2X Long Innovation 100 Monthly ETF (MQQQ) ETF — Price, Holdings & Analysis
The Tradr 2X Long Innovation 100 Monthly ETF (MQQQ) is an equity ETF with $0.20 billion in assets under management and an expense ratio of 1.31%. MQQQ provides twice the monthly leveraged exposure to the Invesco QQQ Trust (QQQ), which tracks 100 NASDAQ-listed stocks. This leveraged approach differentiates it from traditional ETFs, offering potentially higher returns but also increased volatility and risk due to its concentrated holding in QQQ and the use of leverage.
ETF Overview
MQQQ provides 2x leveraged exposure to the monthly performance of QQQ, an ETF composed of 100 NASADAQ-listed stocks. The strategy involves entering into one or more swap agreements intended to produce leveraged investment results relative to the returns of QQQ. Unlike traditional ETFs, MQQQ introduces added volatility due to its lack of diversification and use of leverage. Holdings are rebalanced at month-end to maintain the 200% exposure. However, if QQQs price drops by 35% or more within a month, the fund will rebalance early to protect against further losses, although this may prevent it from meeting its target return for that month. To maximize results, the fund places its remaining cash in US government securities, money market funds, short-term bond ETFs, or high-quality corporate debt as collateral. Before May 16, 2025, the fund was named Tradr 2X Long Triple Q Monthly ETF.
MQQQ aims to deliver two times the monthly performance of the Invesco QQQ Trust (QQQ). This is achieved through swap agreements designed to produce leveraged investment results relative to QQQ. The fund rebalances its holdings at the end of each month to maintain the 200% exposure. However, if QQQ's price declines by 35% or more within a month, MQQQ will rebalance early to mitigate further losses, potentially affecting its ability to meet its target return for that month. The fund's primary holding is Invesco QQQ Trust (QQQ) at 57.77%. The remaining assets are invested in US government securities, money market funds, short-term bond ETFs, or high-quality corporate debt as collateral. MQQQ is designed for investors seeking aggressive, short-term exposure to the technology-heavy NASDAQ-100 index and who understand the risks associated with leveraged ETFs.
Risk Metrics
MQQQ carries significant risks due to its leveraged nature. The 2x leverage magnifies both gains and losses, making it unsuitable for risk-averse investors. The fund's concentration in a single holding, Invesco QQQ Trust (QQQ) at 57.77%, exposes it to concentration risk, as its performance is heavily reliant on the performance of QQQ. The expense ratio of 1.31% is relatively high, which can create a significant drag on returns, especially over longer periods. The fund's structure includes a provision for early rebalancing if QQQ drops by 35% or more in a month, which can prevent it from achieving its target return. Past performance does not guarantee future results.
Expense Ratio
1.31%
What does MQQQ hold?
How Is the Fund Allocated?
- Other: 44.6%
- United States: 55.4%
Dividend Yield
0.00%
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
- iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
- Tradr 2X Long LITE Daily ETF (LITX) (Equity) — 1.49% expense ratio
- Tradr 2X Short APLD Daily ETF (APLZ) (Equity) — 1.49% expense ratio
Risk Metrics
- Beta: 0.00
Questions & Answers
What is MQQQ and what does it track?
The Tradr 2X Long Innovation 100 Monthly ETF (MQQQ) is a leveraged ETF that aims to provide twice the monthly performance of the Invesco QQQ Trust (QQQ). QQQ is an ETF that tracks an index of 100 of the largest non-financial companies listed on the NASDAQ stock exchange. MQQQ uses swap agreements to achieve its 2x leveraged exposure, rebalancing monthly to maintain its target. Investors should note that MQQQ's leveraged nature can lead to amplified gains and losses compared to a traditional QQQ investment. Past performance does not guarantee future results.
What is the expense ratio for MQQQ?
The expense ratio for MQQQ is 1.31%. This means that for every $10,000 invested in the fund, $131 is deducted annually to cover operating expenses. While there isn't a directly comparable category average for leveraged ETFs tracking the QQQ, the expense ratio is significantly higher than typical non-leveraged equity ETFs, where expense ratios can range from 0.03% to 0.70%. the may be worth researching impact of this higher expense ratio on their overall returns, especially over longer investment horizons.
What are the top holdings in MQQQ?
As a leveraged ETF, MQQQ's primary holding is the Invesco QQQ Trust (QQQ), comprising 57.77% of the fund's assets. The remaining assets are held in cash and other instruments. Because MQQQ seeks to replicate twice the return of QQQ, its performance is directly tied to the performance of the Invesco QQQ Trust. Investors should review the holdings of QQQ to understand the underlying companies driving MQQQ's returns. These companies include major technology and growth stocks listed on the NASDAQ.
Is MQQQ a good long-term investment?
MQQQ is generally not considered a suitable long-term investment due to its leveraged nature and the associated risks. Leveraged ETFs are designed for short-term tactical trading, as the effects of compounding and volatility can significantly erode returns over longer periods. The fund's 1.31% expense ratio also contributes to potential long-term underperformance. While MQQQ can provide amplified returns in the short term, its volatility and potential for significant losses make it a higher-risk investment option. Past performance does not guarantee future results.
How does MQQQ compare to similar ETFs?
MQQQ stands out due to its specific strategy of providing 2x leveraged exposure to the monthly performance of the Invesco QQQ Trust (QQQ). Other leveraged ETFs may offer different multiples of leverage (e.g., 3x) or track different indices (e.g., S&P 500). MQQQ's expense ratio of 1.31% is relatively high compared to non-leveraged ETFs. Investors should compare MQQQ's leverage factor, underlying index, expense ratio, and trading volume with those of other leveraged ETFs to determine the most suitable option for their investment objectives and risk tolerance. The fund's AUM is $0.20B.
Does MQQQ pay dividends?
According to the provided data, MQQQ has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders. Investors seeking income-generating investments should consider alternative ETFs with a history of dividend payments. The lack of dividends is typical for leveraged ETFs, as their primary focus is on capital appreciation through leveraged exposure to an underlying index.