What does leveraged daily exposure mean for MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF?

MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF aims to deliver 3 times the daily return of QQQ (long). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.

What is volatility decay and how does it affect MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF?

Volatility decay (also called compounding drag) occurs because MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

Know before the market does.One step ahead of Buffett.Try the Terminal for free

MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF (QQQU.TO) Price

Q: What is the ISIN of MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF?

The ISIN of MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF is CA54315B2012.

MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF Price

— EUR

TER0 %

AUM7.76 M CAD

IndexNASDAQ 100 Index

CurrencyCAD

Funds Launch5/22/2025

MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF Price

Access this data via the Eulerpool API

Docs Get Free API Key

Underlying

QQQ

QQQ3X Long Daily

QQQ

MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF provides 3X daily exposure to QQQ.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.