ProShares - Ultra QQQ Top 30
CThis 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.
$59.59−0.35 (−0.58%)
- 1.16%
- $6M
- +48.8%
- 0.92%
- 0M sh
- $59.93
- low $34.07high $63.20
The ETF.net QQXL Grade
C
Score 47 out of 100
- 30 of 99
Score 47 of 100 falls in the C 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.D35 out of 100Rank 64 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 32 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 39 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C51 out of 100Rank 50 of 99
Our read on QQXL
CThe Nasdaq-100, trimmed to its 30 heaviest hitters, then doubled. QQXL was the first ETF built to target 2x the daily move of the Nasdaq-100 Top 30 Index: a more concentrated take on leveraged big tech, with the daily-reset math that comes with it.
The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Nasdaq-100 Top 30 Index.
Why people hold it
- The first and only ETF targeting 2x the daily return of the Nasdaq-100 Top 30 Index, concentrating the leverage in the index's largest, most heavily weighted names.proshares.com
- Packages the 2x exposure inside a single ticker, so it takes less cash up front than building the position yourself, with no margin account and no borrowing to manage.proshares.com
- Built on ProShares' leveraged machinery, the same shop running the long-established Nasdaq-100 leveraged funds including QLD.proshares.com
Worth knowing
- The 2x target resets every day. Over longer holding periods returns can diverge meaningfully from 2x the index, and higher volatility works against the daily target.proshares.com
- At 1.16%, the fee sits above what's typical for leveraged bull funds, and it bites in a product designed around short holding periods.
- Launched in 2025, it remains a small, lightly traded fund, so spreads can run wider than in the giant leveraged Nasdaq-100 names.
QQXL Holdings
- Stocks
- 32
- 95%
- Net Other Assets (Liabilities)
QQXL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
QQXL$14,881
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 | QQXL |
|---|---|
| Year to date | +40.3% |
| 1 month | +9.4% |
| 3 months | +4.6% |
| 1 year | +48.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
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 | QQXL |
|---|---|---|
| 2026 YTD | +40.3% | |
| 2025 | +8.7% |
QQXL in the news
QQXL Dividends
- 0.92%
- $0.55
- $0.12 per share
- Quarterly
Distribution history
QQXL 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.
- 48.7%
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.
- 0.99
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.
- −27.3%
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.
- 3.38
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QQXL Cost
1.16%
QQXL1.16%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
63 of the 95 Leveraged Long (2x & Other) funds charge less.
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