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Launched · SEC filings

ProShares UltraShort QQQ

QIDNYSE ArcaProSharesBThis 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.

$15.50+0.41 (+2.72%)

At close: Nov 2, 2026, 4:00 PM ET

B57/ 100

Rank 11 of 54 in Leveraged Inverse (2x & Other)

B57/100Rank 11 of 54inLeveraged Inverse (2x & Other)
Intraday session: up, 79 prints from 15.09 to 15.50. Range 14.74 to 15.52. Use the arrow keys to read each point.14.8015.0015.2015.4010 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$311M
1Y total return
−19.2%
Yield · Last 12 months
5.55%
Holdings
8
Avg volume · 30D
28.3M sh
52W range
low $12.41high $24.53
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 0.99%.

The ETF.net QID Grade

B

Score 57 out of 100

Category
Leveraged Inverse (2x & Other)⁠
Rank
11 of 54
Six-pillar profile for QID. Scores out of 100: Cost 50, Risk 34, Mission 98, Tradability 90, Holdings 55, Durability 71. Strongest: Mission (98). Weakest: Risk (34). Leans toward Mission.

Score 57 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.
    C50 out of 100
    Rank 1 of 54

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A98 out of 100
    Rank 3 of 9

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D34 out of 100
    Rank 43 of 53

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A90 out of 100
    Rank 3 of 54

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B55 out of 100
    Rank 7 of 16

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 3 of 54

Our read on QID

ETF.net Research

In short

BOne of ProShares' original geared funds, live since 2006: QID aims for two times the inverse of the Nasdaq-100's daily move, resetting every night. Fee is 0.95% net of a waiver through September 30, 2027.

Stated mandate

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

  • Day in, day out it lands close to its stated two-times-inverse target, one of the tighter implementations in the leveraged and inverse group.
  • Very actively traded, which matters when the holding period is measured in hours rather than years.
  • Same 0.95% net (waived through September 30, 2027) as single-short sibling PSQ, whose 0.95% net is waived to that same date, for twice the daily gear.
  • Trading since July 2006, through two decades of market cycles, and priced near the typical fee for leveraged and inverse funds.

Worth knowing

  • The mandate is one day only. Over longer stretches returns compound and usually differ from twice the inverse of the index, and volatility can hurt badly.sec.gov
  • ProShares' own filings say shareholders should actively manage and monitor these funds, as frequently as daily.sec.gov
  • Leverage runs both directions: a Nasdaq-100 that rises on the day moves this fund down about twice as much, before fees.

QID Holdings

Holdings pillarB55 out of 100Rank 7 of 16 in Leveraged Inverse (2x & Other)
Asset class
Stocks
Holdings
8
Top-10 weight
105%
Largest holding
IQMM70.4%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1IQMMProshares Genius Mny Mkt Etf70.44%2,155,000$216M61
2No dataTREASURY BILL, 0%, due 2026-12-2912.98%40,000,000$39.7M19
3No dataTREASURY BILL, 0%, due 2026-11-178.15%25,000,000$25M7
4No dataTREASURY BILL, 0%, due 2026-11-035.88%18,000,000$18M11
5No dataTREASURY BILL, 0%, due 2027-01-194.85%15,000,000$14.9M12
6No dataTREASURY BILL, 0%, due 2026-11-101.63%5,000,000$5M10
7No dataTREASURY BILL, 0%, due 2027-03-040.64%2,000,000$1.97M3
8No dataTREASURY BILL, 0%, due 2026-12-010.16%500,000$498K5

Showing 1–8 of 8 holdings

QID Performance

Launched Jul 11, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

QID$8,079
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. QID $8,079. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for QID. Periods over one year show the average yearly return.
PeriodQID
Year to date−23.0%
1 month+14.5%
3 months−0.9%
1 year−19.2%
3 yearsper year−37.5%
5 yearsper year−26.4%
10 yearsper year−37.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QID
YearReturn barQID
2026 YTD−23.0%
2025−35.0%
2024−34.0%
2023−57.2%
2022+66.3%

QID in the news

QID Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
5.55%Last 12 months
Payout per share
$0.84Last 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.81; Mar 21, 2018 $1.76; Jun 20, 2018 $2.70; Sep 26, 2018 $3.76; Dec 26, 2018 $4.92; Mar 20, 2019 $2.38; Jun 25, 2019 $4.14; Sep 25, 2019 $3.30; Dec 24, 2019 $2.09; Mar 25, 2020 $1.31; Dec 22, 2022 $0.19; Mar 22, 2023 $0.42; Jun 21, 2023 $0.67; Sep 20, 2023 $0.88; Dec 20, 2023 $1.03; Mar 20, 2024 $0.79; Jun 26, 2024 $0.78; Sep 25, 2024 $0.53; Dec 23, 2024 $0.51; Mar 26, 2025 $0.37; Jun 25, 2025 $0.28; Sep 24, 2025 $0.25; Dec 24, 2025 $0.37; Mar 25, 2026 $0.15; Jun 24, 2026 $0.15; Sep 23, 2026 $0.17. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.17
Jun 24, 2026Jun 30, 2026$0.15
Mar 25, 2026Mar 31, 2026$0.15
Dec 24, 2025Dec 31, 2025$0.37
Sep 24, 2025Sep 30, 2025$0.25
Jun 25, 2025Jul 1, 2025$0.28
Mar 26, 2025Apr 1, 2025$0.37
Dec 23, 2024Dec 31, 2024$0.51
Sep 25, 2024Oct 2, 2024$0.53
Jun 26, 2024Jul 3, 2024$0.78
Mar 20, 2024Mar 27, 2024$0.79
Dec 20, 2023Dec 28, 2023$1.03

See all 35 payments⁠

$10,000 in QID 10 years ago paid $164 in dividends.⁠

QID Risk

Risk pillarD34 out of 100Rank 43 of 53 in Leveraged Inverse (2x & Other)

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.

How much the fund’s monthly returns vary, scaled to a year.
32.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−1.37
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−89.3%
Trough Oct 2026
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.

How strongly the fund’s returns move with its asset-class index.
−2.33
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QID Cost

Compare QID and QQQD

Overpaying vs QQQD, cheapest in Leveraged Inverse (2x & Other)

$7,890

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QID 0.95%

    $17,869

  • QQQD 0.50% Cheapest

    $9,979

$10,000
30 years

Cost over time

  • QID 0.95%
  • QQQD 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QID $17,869QQQD $9,979

Year by year

YearQIDQQQDOverpaying
10$1,678$900$778
20$6,322$3,460$2,862
30$17,869$9,979$7,890
How the 0.95% is worked out

Full fee 0.99%− waiver 0.04%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 0.99% unless ProShares renews it. Source: prospectus, Sep 2026.

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