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QID

GradeBNew York Stock Exchange Arca

ProShares - UltraShort QQQ

Leveraged · Leveraged & Inverse · ProShares · Inception 2006-07-11 · SEC filings

This 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.

$13.12+0.06 (+0.42%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: up, 69 prints from 13.06 to 13.12. Range 12.94 to 13.20. Use the arrow keys to read each point.$13.00$13.2010 AM12 PM2 PM4 PM
Expense ratio
1.02%
Fund size
$241M
1Y return
−36.6%
Yield · Last 12 months
6.99%
Holdings
16
Volume · 30D
23.1M sh
NAV per share
$14.07
52W range
low $13.04high $24.53

The ETF.net QID Grade

B

66/ 100

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

Confidence High

Six-pillar profile for QID. Scores out of 100: Cost 71, Risk 29, Mission 100, Tradability 93, Holdings 57, Durability 71. Strongest: Mission (100). Weakest: Risk (29). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 71
    Category rank16/54 · top 30%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/9 · top 11%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 29
    Category rank43/53 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 93
    Category rank2/54 · top 4%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 57
    Category rank8/16 · top 50%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 71
    Category rank3/54 · top 6%

Graded as of Sep 22, 2026

Our read on QID

ETF.net Research

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.

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

  1. 011.02% a year sits below the typical fee in the leveraged-and-inverse aisle, where price discipline is rare.
  2. 02Very actively traded, so entering and exiting rarely means wrestling the spread. That matters for a product designed to be held in short stretches.
  3. 03Hits its stated daily -2x target with little slippage, one of the tighter implementations in its peer group.
  4. 04Live 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

  1. 01The -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.
  2. 02Double inverse exposure to a tech-concentrated index puts this among the most volatile structures we cover.
  3. 031.02% is steep next to a plain index fund, and it accrues every day the position is open, whichever way the Nasdaq goes.

QID Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Stocks
Holdings
16
Top-10 weight
128%
Largest holding
IQMM76.4%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IQMMPROSHARES GENIUS MNY MKT ETF76.42%1,805,000$181M61
002—TREASURY BILL, 0%, due 2026-12-2916.73%40,000,000$40M18
003—TREASURY BILL, 0%, due 2026-11-1710.51%25,000,000$25M7
004—TREASURY BILL, 0%, due 2026-09-229.85%23,300,000$23M12
005—TREASURY BILL, 0%, due 2026-11-037.58%18,000,000$18M11
006—TREASURY BILL, 0%, due 2026-10-064.22%10,000,000$10M7
007—TREASURY BILL, 0%, due 2026-11-102.10%5,000,000$5M10
008—TREASURY BILL, 0%, due 2026-12-010.21%500,000$496K5

Showing 1–8 of 8 holdings

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$6,336
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. QID $6,336. SPY $11,723. Use the arrow keys to read each point.$5,902$9,049$12,196Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−34.3%
1 month−9.0%
3 months−3.4%
1 year−36.6%
3 years−39.8%per year
5 years−30.1%per year
10 years−38.0%per year

As of the close, 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−34.3%
2025−35.0%
2024−34.0%
2023−57.2%
2022+66.3%
2021−44.9%
2020−69.7%

QID in the news

ETF.net Research hasn’t filed on QID yet — coverage lands here as it’s written.

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 Sep 22, 2026.
6.99%Last 12 months
Payout per share
$0.91Last 12 months
Last payment
$0.15 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. 25 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. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
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
Sep 20, 2023Sep 27, 2023$0.88

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.

How much the fund’s monthly returns vary, scaled to a year.
32.7%
Annualised · 36 months to Aug 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.
−1.30
vs 3-month T-bills · to Aug 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.
−89.0%
Trough Sep 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.
−2.34
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.

QID Cost

Expense ratio1.02%
  • The middle half of Leveraged Inverse (2x & Other) funds
  • Median 1.44%

14 of the 53 Leveraged Inverse (2x & Other) funds charge less.

QID costs $102.00 a year on $10,000. The median Leveraged Inverse (2x & Other) fund costs $144.00.