ETF Evaluator:
Tradr 2X Long Innovation 100 Monthly ETF (MQQQ)
Follow This ETF
(as of Sep 02)
Best Performing in Trading--Leveraged Equity Over the Last Year
| 2567.1% | Direxion Daily MU Bull 2X Shares (MUU) |
| 2419.7% | GraniteShares 2x Long MU Daily ETF (MULL) |
| 933.4% | GraniteShares 2x Long INTC Daily ETF (INTW) |
| 476.7% | GraniteShares 2x Long DELL Daily ETF (DLLL) |
| 358.1% | Direxion Daily Semicondct Bull 3X ETF (SOXL) |
Risk
Index
Risk
Index
ETF Details
Tradr 2X Long Innovation 100 Monthly ETF Overview
Tradr 2X Long Innovation 100 Monthly ETF (MQQQ) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). AXS launched the ETF in 2024.
The investment seeks calendar month investment results, before fees and expenses, that correspond to two times (200%) the calendar month performance of the Invesco QQQ Trust.
Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the calendar month performance of the Invesco QQQ Trust. The fund will enter into one or more swaps with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the Invesco QQQ Trust. The fund is non-diversified.
About Tradr 2X Long Innovation 100 Monthly ETF (MQQQ)
There are 2 members of the management team with an average tenure of 1.92 years: Travis Trampe (2024) and Parker Binion (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Tradr 2X Long Innovation 100 Monthly ETF has 8 securities in its portfolio. The top 10 holdings constitute 358.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Tradr 2X Long Innovation 100 Monthly ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Tradr 2X Long Innovation 100 Monthly ETF has 5.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 61.7% There is 5.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Tradr 2X Long Innovation 100 Monthly ETF has 32.6% of the portfolio in cash.
Assets Under Management
The fund has $200 million in total assets, which is below the $251 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MQQQ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Tradr 2X Long Innovation 100 Monthly ETF expense ratio is high compared to funds in the Trading--Leveraged Equity category. Tradr 2X Long Innovation 100 Monthly ETF has an expense ratio of 0.95%, which is the same as its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Tradr 2X Long Innovation 100 Monthly ETF has a portfolio turnover rate of 158%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 396% for the Trading--Leveraged Equity category.
Recently, in the month of July 2026, Tradr 2X Long Innovation 100 Monthly ETF returned -13.7%, which earned it a grade of C, as the Trading--Leveraged Equity category had an average return of -18.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Tradr 2X Long Innovation 100 Monthly ETF has a trailing yield of 0.00%, which is below the 5.84% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Tradr 2X Long Innovation 100 Monthly ETF Grades
Year to date, the ETF has returned 16.7%, 12.9 percentage points better than the category, which translates into a grade of B. The fund has returned 33.7% over the past year (grade of B).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Tradr 2X Long Innovation 100 Monthly ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
MQQQ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MQQQ Return (NAV) | -13.7% | 2.9% | 33.7% | na | na | na |
| MQQQ Return (Price) | -13.5% | 3.2% | 34.2% | na | na | na |
| NAV +/- Price Return | -0.212% | -0.251% | -0.542% | na | na | na |
| Trading--Leveraged Equity Avg | -18.2% | -10.8% | 47.2% | 18.3% | 6.2% | 9.2% |
| MQQQ Grade (NAV) | C | B | B | na | na | na |
| +/- Category (NAV) | 4.5% | 13.7% | -13.5% | na | na | na |
| MQQQ Tax-Cost Ratio | na | na | 0.8% | na | na | na |
MQQQ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MQQQ Return (NAV) | 16.7% | 31.5% | na | na | na | na | na | na | na | na | na |
| MQQQ Return (Price) | 17.1% | 31.6% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.020% | 0.004% | na | na | na | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | 3.8% | 41.3% | 29.5% | 62.2% | -36.7% | 45.0% | 6.2% | 64.1% | -31.9% | 61.0% | 29.3% |
| MQQQ Grade (NAV) | B | B | na | na | na | na | na | na | na | na | na |
| +/- Category | 12.9% | -9.8% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 200 Mil |
| Share Class Assets: | $ 200 Mil |
| Turnover: | 158.0% |
| Expense Ratio: | 0.95% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 200% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Trampe Travis (2024), Binion Parker (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 358.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 5.8% |
Portfolio Allocation |
|
| Domestic Stock: | 61.7% |
| Foreign Stock: | 5.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 32.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | AXS |
| Phone Number: | 833-297-2587 |
| Website: | |
| Inception Date: | August 30, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.95% (Rating: High) |
| Category Average Expense Ratio (%): | 0.95% |
