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QQXL

GradeCNASDAQ Global Market

ProShares - Ultra QQQ Top 30

Leveraged · Leveraged & Inverse · ProShares · Inception 2025-08-13

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.

$59.42−1.14 (−1.88%)

As of Sep 23, 2026, 2:58 PM EDT

History starts Aug 15, 2025.
Intraday session: down, 29 prints from 60.56 to 59.42. Range 59.02 to 60.31. Use the arrow keys to read each point.$59.00$60.0010 AM12 PM2 PM4 PM
Expense ratio
1.16%
Fund size
$6M
1Y return
+43.7%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$56.30
52W range
low $34.07high $62.06

The ETF.net QQXL Grade

C

47/ 100

Rank 29 of 99 in Leveraged Long (2x & Other)⁠

Confidence Medium

Six-pillar profile for QQXL. Scores out of 100: Cost 35, Risk 59, Mission not scored, Tradability 59, Holdings not scored, Durability 50. Strongest: Risk (59). Weakest: Cost (35). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 47 of 100 sits in the C 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.
    DScore 35
    Category rank65/99 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank36/94 · top 38%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank33/99 · top 33%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 50
    Category rank53/99 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on QQXL

ETF.net Research

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.

Stated mandate

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

  1. 01The 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
  2. 02Packages 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
  3. 03Built on ProShares' leveraged machinery, the same shop running the long-established Nasdaq-100 leveraged funds including QLD.proshares.com

Worth knowing

  1. 01The 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
  2. 02At 1.16%, the fee sits above what's typical for leveraged bull funds, and it bites in a product designed around short holding periods.
  3. 03Launched in 2025, it remains a small, lightly traded fund, so spreads can run wider than in the giant leveraged Nasdaq-100 names.

QQXL Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Stocks
Holdings
—
Top-10 weight
95%
Largest holding
Net Other Assets (Liabilities)89.0%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Other Assets (Liabilities)89.03%5,013,281$5M162
002NVDANVIDIA CORP1.18%298$66K828
003AAPLAPPLE INC1.08%181$61K707
004MSFTMICROSOFT CORP0.81%92$45K792
005MUMICRON TECHNOLOGY INC0.70%39$40K655
006AMDADVANCED MICRO DEVICES0.57%57$32K618
007AMZNAMAZON.COM INC0.47%104$26K720
008GOOGLALPHABET INC-CL A0.45%73$26K704
009METAMETA PLATFORMS INC-CLASS A0.45%38$25K683
010TSLATESLA INC0.43%67$24K509
011GOOGALPHABET INC-CL C0.42%68$23K471
012SPCXSPACE EXPLORATION TECHN-CL A0.41%150$23K268
013AVGOBROADCOM INC0.38%60$21K732
014INTCINTEL CORP0.35%184$20K492
015WMTWALMART INC0.32%170$18K462

Showing 1–15 of 32 holdings

QQXL Performance

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

QQXL$14,368
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. QQXL $14,368. SPY $11,723. Use the arrow keys to read each point.$7,554$11,375$15,196Sep 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 QQXL. Periods over one year show the average yearly return.
PeriodQQXL
Year to date+41.5%
1 month+13.9%
3 months+1.3%
1 year+43.7%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—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 QQXL
YearReturn barQQXL
2026 YTD+41.5%
2025+8.7%

History from Aug 15, 2025

QQXL in the news

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

QQXL 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Sep 24, 2025 $0.0026; Dec 24, 2025 $0.03; Mar 25, 2026 $0.24; Jun 24, 2026 $0.16. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 24, 2026Jun 30, 2026$0.16
Mar 25, 2026Mar 31, 2026$0.24
Dec 24, 2025Dec 31, 2025$0.03
Sep 24, 2025Sep 30, 2025$0.0026

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.

How much the fund’s monthly returns vary, scaled to a year.
50.5%
Annualised · 12 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.
0.84
vs 3-month T-bills · 12 months 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.
−27.3%
13 months · trough Mar 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.
3.53
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.

QQXL Cost

Expense ratio1.16%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 0.99%

62 of the 93 Leveraged Long (2x & Other) funds charge less.

QQXL costs $116.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $99.00.