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Launched · SEC filings

ProShares UltraPro Short QQQ

SQQQNasdaqProSharesAThis 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.

$43.55+1.72 (+4.11%)

At close: Nov 2, 2026, 4:00 PM ET

A83/ 100

Rank 1 of 14 in 3x Leveraged Inverse

A83/100Rank 1 of 14in3x Leveraged Inverse
Intraday session: up, 79 prints from 41.83 to 43.55. Range 40.42 to 43.63. Use the arrow keys to read each point.40.5041.0042.5043.0010 AM12 PM2 PM4 PM
Expense ratio
0.94%
Fund size
$2.04B
1Y total return
−29.7%
Yield · Last 12 months
7.47%
Holdings
12
Avg volume · 30D
50M sh
52W range
low $31.42high $90.72
Launched
Filings
SEC EDGAR

The ETF.net SQQQ Grade

A

Score 83 out of 100

Category
3x Leveraged Inverse⁠
Rank
1 of 14
Six-pillar profile for SQQQ. Scores out of 100: Cost 99, Risk 47, Mission 95, Tradability 92, Holdings 47, Durability 73. Strongest: Cost (99). Weakest: Holdings (47). Leans toward Cost and Mission.

Score 83 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.
    A99 out of 100
    Rank 1 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A95 out of 100
    Rank 1 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 10 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A92 out of 100
    Rank 1 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C47 out of 100
    Rank 1 of 2

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A73 out of 100
    Rank 1 of 14

Our read on SQQQ

ETF.net Research

In short

AThe workhorse of the short-Nasdaq trade. Running since 2010, it aims at three times the inverse of the Nasdaq-100's daily move, resets every session, and charges 0.94% a year, below the going rate in the 3x bear category.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to three times the inverse of the Nasdaq-100 Index’s daily performance.

Why people hold it

  • 0.94% a year with no waiver propping it up, and below what 3x bear peers charge: SDOW and SRTY each sit at 0.95% net of waivers through September 30, 2027.
  • One of the most actively traded funds in its category, with a billion-dollar-plus asset base behind it. Depth is the reason traders reach for this one.
  • ProShares has run this single-day mandate since February 2010, and it tracks its stated -3x daily target about as closely as anything in its peer group.proshares.com
  • The mandate is blunt and public: three times the inverse of the Nasdaq-100's daily performance, before fees, measured NAV to NAV. No discretion, no stock picking.sec.gov

Worth knowing

  • Returns compound daily. Over any period longer than a single day, results will very likely differ from -3x the index, and the fund can lose money when the index is flat.sec.gov
  • It holds swaps and futures on the index, not shorted stocks, so counterparty exposure and financing costs ride along with the price.sec.gov
  • At 0.94%, the fee is heavy freight for a vehicle built around single-day results. Distributions, when declared, come quarterly.

SQQQ Performance

Launched Feb 9, 2010

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

SQQQ$7,031
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. SQQQ $7,031. SPY $11,146. Use the arrow keys to read each point.$5,000$7,500$10,000$12,500Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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 SQQQ. Periods over one year show the average yearly return.
PeriodSQQQ
Year to date−34.0%
1 month+31.5%
3 months+1.0%
1 year−29.7%
3 yearsper year−52.1%
5 yearsper year−41.8%
10 yearsper year−54.3%

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 SQQQ
YearReturn barSQQQ
2026 YTD−34.0%
2025−53.1%
2024−49.7%
2023−73.7%
2022+82.4%

SQQQ in the news

SQQQ 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 Nov 2, 2026.
7.47%Last 12 months
Payout per share
$3.25Last 12 months
Last payment
$0.47 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. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $15.09; Mar 21, 2018 $17.68; Jun 20, 2018 $20.64; Sep 26, 2018 $33.37; Dec 26, 2018 $257.26; Mar 20, 2019 $72.88; Jun 25, 2019 $152.59; Sep 25, 2019 $115.46; Dec 24, 2019 $67.50; Mar 25, 2020 $40.77; Dec 22, 2022 $3.78; Mar 22, 2023 $5.11; Jun 21, 2023 $6.66; Sep 20, 2023 $8.10; Dec 20, 2023 $7.07; Mar 20, 2024 $4.10; Jun 26, 2024 $4.01; Sep 25, 2024 $3.74; Dec 23, 2024 $4.08; Mar 26, 2025 $2.41; Jun 25, 2025 $1.28; Sep 24, 2025 $1.21; Dec 24, 2025 $1.51; Mar 25, 2026 $0.64; Jun 24, 2026 $0.64; Sep 23, 2026 $0.47. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.47
Jun 24, 2026Jun 30, 2026$0.64
Mar 25, 2026Mar 31, 2026$0.64
Dec 24, 2025Dec 31, 2025$1.51
Sep 24, 2025Sep 30, 2025$1.21
Jun 25, 2025Jul 1, 2025$1.28
Mar 26, 2025Apr 1, 2025$2.41
Dec 23, 2024Dec 31, 2024$4.08
Sep 25, 2024Oct 2, 2024$3.74
Jun 26, 2024Jul 3, 2024$4.01
Mar 20, 2024Mar 27, 2024$4.10
Dec 20, 2023Dec 28, 2023$7.07

See all 26 payments⁠

$10,000 in SQQQ 10 years ago paid $55.98 in dividends.⁠

SQQQ Risk

Risk pillarC47 out of 100Rank 10 of 14 in 3x Leveraged Inverse

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.
48.2%
Annualised · 36 months to Oct 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.
−1.42
vs 3-month T-bills · to Oct 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.
−97.5%
Trough Oct 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.
−3.43
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.

FMP measures it over up to five years of monthly returns.

SQQQ Cost

Cheapest in 3x Leveraged Inverse

$17,704

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SQQQ 0.94%

    $17,704

$10,000
30 years

Cost over time

  • SQQQ 0.94%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SQQQ $17,704

Year by year

YearSQQQ
10$1,661
20$6,260
30$17,704

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