ProShares - Ultra QQQ
AThis 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.
$96.42−0.66 (−0.68%)
- 0.98%
- $15.3B
- +47.5%
- 0.13%
- 4.3M sh
- $97.04
- low $56.60high $101.62
The ETF.net QLD Grade
A
Score 71 out of 100
- 3 of 99
Score 71 of 100 falls in the A 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.B57 out of 100Rank 42 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A95 out of 100Rank 2 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B67 out of 100Rank 16 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A100 out of 100Rank 1 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B64 out of 100Rank 7 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A81 out of 100Rank 2 of 99
Our read on QLD
AThe dialed-back Nasdaq leverage trade. QLD aims for twice the Nasdaq-100's daily move rather than three times, and it has been running that playbook since 2006, back when leveraged ETFs were a brand-new idea.
The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.
Why people hold it
- Targets 2x the Nasdaq-100's daily return, so you get real amplification with half the daily swing of the 3x version, TQQQ.proshares.com
- Trading since 2006 and it has stayed close to its stated daily 2x target, one of the tighter implementations in the leveraged group.
- A multi-billion-dollar fund and one of the more actively traded leveraged ETFs, which generally shows up as tight spreads for the people using it.
- Fee of 0.98% a year, a shade under the median for leveraged funds.
Worth knowing
- The 2x target resets every day. Hold longer and compounding can pull results away from twice the index's move over that stretch, especially in choppy markets.proshares.com
- The Nasdaq-100 is roughly 100 names dominated by big tech. Leverage magnifies that concentration in both directions.
- At 0.98%, the fee sits far above a plain index fund, and the swaps that manufacture the leverage carry their own embedded costs.proshares.com
QLD Holdings
- Stocks
- 113
- 57%
- Net Other Assets (Liabilities)
Sectors
- Technology52.8%
- Financials12.5%
- Communication10.2%
- Consumer Discretionary8.8%
- Consumer Staples5.0%
- Industrials4.9%
- Health Care3.6%
- Utilities0.9%
- Materials0.8%
- Energy0.4%
Geography
- United States95.40%
- United Kingdom1.39%
- Netherlands1.14%
- Canada0.89%
- Singapore0.64%
- Uruguay0.34%
- Ireland0.20%
QLD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
QLD$14,751
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 | QLD |
|---|---|
| Year to date | +38.0% |
| 1 month | +8.4% |
| 3 months | +3.6% |
| 1 year | +47.5% |
| 3 years | +45.9% |
| 5 years | +22.1% |
| 10 years | +34.0% |
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 | QLD |
|---|---|---|
| 2026 YTD | +38.0% | |
| 2025 | +30.4% | |
| 2024 | +42.8% | |
| 2023 | +117.7% | |
| 2022 | −60.5% | |
| 2021 | +54.7% | |
| 2020 | +88.9% |
QLD in the news
QLD Dividends
- 0.13%
- $0.12
- $0.03 per share
- Quarterly
Distribution history
QLD 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.
- 35.7%
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.
- 1.16
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.
- −63.7%
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.
- 2.46
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QLD Cost
0.98%
QLD0.98%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
43 of the 95 Leveraged Long (2x & Other) funds charge less.
Other funds in Leveraged Long (2x & Other)
- ADDMProShares - Ultra Dow30Expense ratio 0.96%1 year return +24.4%
- AUYGProShares - Ultra FinancialsExpense ratio 0.94%1 year return +6.4%
- BROMProShares - Ultra TechnologyExpense ratio 0.95%1 year return +77.8%
- BMQQQTradr 2X Long Innovation 100 Monthly ETFExpense ratio 0.95%1 year return +44.2%
- BUSDProShares Ultra SemiconductorsExpense ratio 0.95%1 year return +88.4%