ProShares - UltraShort QQQ
BThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$13.08+0.09 (+0.65%)
- 1.02%
- $207M
- −38.9%
- 6.45%
- 24.9M sh
- $13.00
- low $12.41high $24.53
The ETF.net QID Grade
B
Score 65 out of 100
- 10 of 54
Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A71 out of 100Rank 16 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 9Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D29 out of 100Rank 44 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A90 out of 100Rank 4 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 2 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A71 out of 100Rank 3 of 54
Our read on QID
BQID is the middle gear in ProShares' short-Nasdaq lineup, built to deliver two times the inverse of the Nasdaq-100's daily move. Around since 2006, it is a short-horizon trading tool that charges less than the typical geared fund.
The fund seeks daily investment results, before fees and expenses, corresponding to two times the inverse performance of the Nasdaq-100 Index.
Why people hold it
- 1.02% a year sits below the typical fee in the leveraged-and-inverse aisle, where price discipline is rare.
- Very actively traded, so entering and exiting rarely means wrestling the spread. That matters for a product designed to be held in short stretches.
- Hits its stated daily -2x target with little slippage, one of the tighter implementations in its peer group.
- Live since 2006 and part of a full ProShares short-Nasdaq shelf (PSQ, SQQQ), so you can dial the exposure up or down without leaving the family.
Worth knowing
- The -2x objective resets daily. Hold longer and returns compound off each day's base, which can drift well away from twice the index move, especially in choppy tape.
- Double inverse exposure to a tech-concentrated index puts this among the most volatile structures we cover.
- 1.02% is steep next to a plain index fund, and it accrues every day the position is open, whichever way the Nasdaq goes.
QID Holdings
- Stocks
- 8
- 133%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
QID Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
QID$6,107
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QID |
|---|---|
| Year to date | −33.7% |
| 1 month | −8.1% |
| 3 months | −5.5% |
| 1 year | −38.9% |
| 3 years | −38.4% |
| 5 years | −30.8% |
| 10 years | −38.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QID |
|---|---|---|
| 2026 YTD | −33.7% | |
| 2025 | −35.0% | |
| 2024 | −34.0% | |
| 2023 | −57.2% | |
| 2022 | +66.3% | |
| 2021 | −44.9% | |
| 2020 | −69.7% |
QID in the news
QID Dividends
- 6.45%
- $0.84
- $0.17 per share
- Quarterly
Distribution history
QID Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 31.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.54
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −89.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −2.33
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QID Cost
1.02%
QID1.02%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
14 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
- BDXDProShares UltraShort Dow30Expense ratio 1.06%1 year return −21.0%
- BGLLProShares - UltraShort GoldExpense ratio 0.95%1 year return −19.4%
- BSBITProShares - UltraShort Bitcoin ETFExpense ratio 0.97%1 year return +18.5%
- BJDSTDirexion Daily Junior Gold Miners Index Bear 2X ETFExpense ratio 0.92%1 year return −68.3%
- BBTCZWorld Funds Trust - T-Rex 2X Inverse Bitcoin Daily Target ETFExpense ratio 0.95%1 year return +11.6%