ProShares - Ultra QQQ
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.
$96.11−1.71 (−1.75%)
- Expense ratio
- 0.98%
- Fund size
- $14.3B
- 1Y return
- +41.7%
- Yield · Last 12 months
- 0.12%
- Holdings
- 121
- Volume · 30D
- 4.4M sh
- NAV per share
- $91.11
- 52W range
The ETF.net QLD Grade
Score 70 of 100 sits in the A 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.BScore 57Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 95Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 66Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 100Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 63Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 81Category rank
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
- 121
- 56%
- Net Other Assets (Liabilities)
Sectors
- Technology51.9%
- Financials13.2%
- Communication10.7%
- Consumer Discr.8.8%
- Cons. Staples5.0%
- Industrials4.9%
- Health Care3.3%
- Utilities0.9%
- Materials0.8%
- Energy0.4%
Geography
- United States96.39%
- United Kingdom1.34%
- Netherlands1.09%
- Canada0.67%
- Uruguay0.32%
- Ireland0.18%
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$14,165
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.
| Period | QLD |
|---|---|
| Year to date | +39.1% |
| 1 month | +9.3% |
| 3 months | +0.2% |
| 1 year | +41.7% |
| 3 years | +49.2% |
| 5 years | +20.6% |
| 10 years | +33.7% |
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 | +39.1% | |
| 2025 | +30.4% | |
| 2024 | +42.8% | |
| 2023 | +117.7% | |
| 2022 | −60.5% | |
| 2021 | +54.7% | |
| 2020 | +88.9% |
QLD in the news
QLD Dividends
- 0.12%
- $0.12
- $0.06 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.06 |
| Mar 25, 2026 | Mar 31, 2026 | $0.01 |
| Dec 24, 2025 | Dec 31, 2025 | $0.02 |
| Sep 24, 2025 | Sep 30, 2025 | $0.02 |
| Jun 25, 2025 | Jul 1, 2025 | $0.06 |
| Mar 26, 2025 | Apr 1, 2025 | $0.01 |
| Dec 23, 2024 | Dec 31, 2024 | $0.03 |
| Sep 25, 2024 | Oct 2, 2024 | $0.03 |
| Jun 26, 2024 | Jul 3, 2024 | $0.05 |
| Mar 20, 2024 | Mar 27, 2024 | $0.03 |
| Dec 20, 2023 | Dec 28, 2023 | $0.04 |
| Sep 20, 2023 | Sep 27, 2023 | $0.09 |
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.
- 36.5%
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.
- 0.98
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.
- 2.47
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 0.99%
43 of the 93 Leveraged Long (2x & Other) funds charge less.