Invesco's QQQ tracks the Nasdaq-100 and is one of the most heavily traded ETFs in the world — which is exactly why issuers have built an unusually deep bench of leveraged and inverse products around it.
The lineup below covers the full range: 3x and 2x long, 1x/2x/3x inverse, mega-cap-only variants that concentrate exposure to the top names, and income-focused funds that sell options against leveraged QQQ. Charts and details for each are below.
One thing to keep in mind: not every fund here uses QQQ itself as the underlying. Several track the Nasdaq-100 index directly (via swaps or futures) rather than holding or referencing the QQQ ETF — the day-to-day exposure is effectively the same, but the mechanics under the hood differ.
Quick Overview
| Ticker | Fund Name | Leverage | Direction | Expense Ratio | AUM |
|---|---|---|---|---|---|
| Long | |||||
| TQQQ | ProShares UltraPro QQQ | 3x | Long | 0.82% | $38.2B |
| QLD | ProShares Ultra QQQ | 2x | Long | 0.95% | $15.1B |
| XQQI | NEOS Boosted Nasdaq-100 High Income ETF | 1.5x | Long | 0.98% | $367.8M |
| MQQQ | Tradr 2X Long Innovation 100 Monthly ETF | 2x | Long | 1.03% | $263.6M |
| QQUP | ProShares Ultra Top QQQ | 2x | Long | 0.95% | $27.0M |
| QQQP | Tradr 2X Long Innovation 100 Quarterly ETF | 2x | Long | 1.00% | $13.5M |
| QQXL | ProShares Ultra QQQ Top 30 | 2x | Long | 0.95% | $5.9M |
| TQQY | GraniteShares YieldBOOST QQQ ETF | variable | Long | 1.15% | $5.5M |
| EQQQ | ProShares Ultra QQQ Equal Weight | 2x | Long | 0.95% | $5.4M |
| Short (Inverse) | |||||
| SQQQ | ProShares UltraPro Short QQQ | 3x | Short | 0.95% | $2.2B |
| PSQ | ProShares Short QQQ | 1x | Short | 0.95% | $588.1M |
| QID | ProShares UltraShort QQQ | 2x | Short | 0.95% | $231.4M |
| QQDN | ProShares UltraShort Top QQQ | 2x | Short | 0.95% | $1.0M |
TQQQ
ProShares UltraPro QQQ
The go-to 3x leveraged bet on the Nasdaq-100 — by far the largest and most liquid leveraged ETF in this space.
Massively popular with day traders and swing traders looking for amplified moves on big tech names. Weekly options make it a favorite for short-term plays.
QLD
ProShares Ultra QQQ
Offers 2x daily long exposure to the Nasdaq-100 — think of it as TQQQ's calmer sibling.
Good middle ground if you want leveraged upside on tech without the wild 3x swings. Been around since 2006, so it has a long track record.
XQQI
NEOS Boosted Nasdaq-100 High Income ETF
MQQQ
Tradr 2X Long Innovation 100 Monthly ETF
QQUP
ProShares Ultra Top QQQ
Note: This ETF is leveraged to mega caps from Nasdaq-100
QQQP
Tradr 2X Long Innovation 100 Quarterly ETF
QQXL
ProShares Ultra QQQ Top 30
TQQY
GraniteShares YieldBOOST QQQ ETF
An income-focused ETF that sells put spreads on leveraged QQQ products to generate weekly payouts.
Not your typical leveraged ETF — this one is about collecting options premium, not amplifying returns. Pays weekly distributions but comes with a steeper 1.15% expense ratio.
EQQQ
ProShares Ultra QQQ Equal Weight
Gives 2x daily exposure to an equal-weight version of the Nasdaq-100, so the mega caps don't dominate the way they do in TQQQ or QLD. When this post was written, the top 5 holdings were Applied Materials, KLA, Marvell, Astera Labs, and Lam Research.
SQQQ
ProShares UltraPro Short QQQ
The heavyweight bear bet against the Nasdaq-100 — delivers 3x the inverse daily return.
Traders pile into this one during selloffs and risk-off days. Extremely liquid with weekly options, but daily decay makes it a poor long-term hold.
PSQ
ProShares Short QQQ
Straightforward 1x inverse on the Nasdaq-100 — goes up when QQQ goes down, no leverage involved.
The simplest way to hedge a tech-heavy portfolio. No leverage decay to worry about, which makes it more suitable for holding beyond a single day compared to SQQQ or QID.
QID
ProShares UltraShort QQQ
2x inverse exposure to the Nasdaq-100 — sits right between PSQ and SQQQ in terms of aggressiveness.
If you want to short tech harder than PSQ but don't want the full 3x SQQQ ride, this is the one. Decent volume for an inverse product.
QQDN
ProShares UltraShort Top QQQ
Note: This ETF is leveraged to mega caps from Nasdaq-100
Risk Warning: Leveraged and inverse ETFs are complex financial instruments that may not be suitable for all investors. Past performance does not guarantee future results. Please consult with a financial advisor before making investment decisions.