diff --git a/pcsx2-qt/Settings/EmulationSettingsWidget.ui b/pcsx2-qt/Settings/EmulationSettingsWidget.ui
index e1f56b55dd152..a2b6ef22974a9 100644
--- a/pcsx2-qt/Settings/EmulationSettingsWidget.ui
+++ b/pcsx2-qt/Settings/EmulationSettingsWidget.ui
@@ -100,6 +100,11 @@
           <string>180% (Overclock)</string>
          </property>
         </item>
+        <item>
+         <property name="text">
+          <string>200% (Overclock)</string>
+         </property>
+        </item>
         <item>
          <property name="text">
           <string>300% (Overclock)</string>
diff --git a/pcsx2/ImGui/FullscreenUI.cpp b/pcsx2/ImGui/FullscreenUI.cpp
index 6bbf02ad8de3f..20ae207bde117 100644
--- a/pcsx2/ImGui/FullscreenUI.cpp
+++ b/pcsx2/ImGui/FullscreenUI.cpp
@@ -3349,6 +3349,7 @@ void FullscreenUI::DrawEmulationSettingsPage()
 		FSUI_NSTR("100% Speed (Default)"),
 		FSUI_NSTR("130% Speed"),
 		FSUI_NSTR("180% Speed"),
+		FSUI_NSTR("200% Speed"),
 		FSUI_NSTR("300% Speed"),
 	};
 	static constexpr const char* ee_cycle_skip_settings[] = {
@@ -7450,6 +7451,7 @@ TRANSLATE_NOOP("FullscreenUI", "75% Speed");
 TRANSLATE_NOOP("FullscreenUI", "100% Speed (Default)");
 TRANSLATE_NOOP("FullscreenUI", "130% Speed");
 TRANSLATE_NOOP("FullscreenUI", "180% Speed");
+TRANSLATE_NOOP("FullscreenUI", "200% Speed");
 TRANSLATE_NOOP("FullscreenUI", "300% Speed");
 TRANSLATE_NOOP("FullscreenUI", "Normal (Default)");
 TRANSLATE_NOOP("FullscreenUI", "Mild Underclock");
diff --git a/pcsx2/VU0microInterp.cpp b/pcsx2/VU0microInterp.cpp
index 42da928ec6689..9ff5d486a1d40 100644
--- a/pcsx2/VU0microInterp.cpp
+++ b/pcsx2/VU0microInterp.cpp
@@ -293,7 +293,10 @@ void InterpVU0::Execute(u32 cycles)
 			case 2: // 180%
 				cycle_change /= 1.8f;
 				break;
-			case 3: // 300%
+			case 3: // 200%
+				cycle_change /= 2.0f;
+				break;
+			case 4: // 300%
 				cycle_change /= 3.0f;
 				break;
 			default: