Share-split context: A reverse split was recorded on Jun 3, 2025 with coefficient 0.2. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

What this ETF is trying to do

The TRADR 2X LONG INNOVATION 100 QUARTERLY ETF (QQQP) is a leveraged ETF. This means it uses financial tools to try and multiply the daily movement of its target index. Specifically, it is a "2X Long" fund, which aims to provide twice the daily return of its underlying index.

What the numbers show

As of October 7, 2026, the share price is $242.75. Because this ETF has a history of share splits, we look at split-adjusted returns to see how it has performed.

• Year-to-Date (YTD): The price return is approximately 38.56%. The total return is also 38.56%.

• One-Year: The price return is approximately 40.99%. The total return is also 40.99%.

Price return measures only the change in the share price. Total return includes both the price change and any distributions paid to investors. In this case, both numbers are the same.

Income and distribution explanation

This ETF does not currently provide regular income. The distribution yield is 0%, and no distributions were detected over the last 12 months. For investors who rely on ETFs for cash payments, it is important to remember that a high yield can sometimes be misleading if the share price is falling. However, this fund does not currently pay a distribution.

NAV erosion explanation

"NAV erosion" happens when the value of an ETF's underlying assets declines over time, often seen in certain types of leveraged or high-payout funds.

For QQQP, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data indicates that no price erosion has been detected, and the severe erosion-risk flag is false.

Share Split History

This ETF has a history of reverse splits. The most recent event happened on June 3, 2025, with a coefficient of 0.2. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically. It is important to know that a reverse split does not restore lost investment value; it is simply a structural change to the number of shares.

Pros

• Strong split-adjusted price returns over the last year and year-to-date.

• No current signs of NAV erosion according to the erosion-risk score.

Cons

• Does not provide any cash distributions or income.

• Has a history of reverse splits.

• Leveraged ETFs can be more volatile than standard ETFs.

Beginner takeaway

QQQP is a leveraged tool designed for growth rather than income. While it has shown strong price returns recently, it does not pay dividends. Investors should be aware that its "2X" nature makes it different from a traditional index fund.