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SQQQ

GradeANASDAQ Global Market

ProShares - UltraPro Short QQQ

Leveraged · Leveraged & Inverse · ProShares · Inception 2010-02-09 · SEC filings

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.

$34.18+0.41 (+1.21%)

As of Sep 23, 2026, 3:15 PM EDT

Intraday session: up, 70 prints from 33.77 to 34.18. Range 33.47 to 34.47. Use the arrow keys to read each point.$33.60$34.00$34.4010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$2.1B
1Y return
−53.0%
Yield · Last 12 months
11.83%
Holdings
19
Volume · 30D
57.6M sh
NAV per share
$37.80
52W range
low $33.64high $90.72

The ETF.net SQQQ Grade

A

75/ 100

Rank 2 of 14 in 3x Leveraged Inverse⁠

Confidence High

Six-pillar profile for SQQQ. Scores out of 100: Cost 84, Risk 44, Mission 95, Tradability 94, Holdings 22, Durability 74. Strongest: Mission (95). Weakest: Holdings (22). Leans toward Mission and Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 75 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.
    AScore 84
    Category rank3/14 · top 21%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 95
    Category rank1/4 · top 25%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 44
    Category rank9/14 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 94
    Category rank1/14 · top 7%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 22
    Category rank1/2 · top 50%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 74
    Category rank1/14 · top 7%

Graded as of Sep 22, 2026

Our read on SQQQ

ETF.net Research

AThe heavy end of ProShares' Nasdaq-100 short shelf: SQQQ aims to deliver three times the inverse of the index's daily move, then resets the clock every session.

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

  1. 01The same Nasdaq-100 short trade comes in three strengths (PSQ, QID, SQQQ). This is the most aggressive dial setting at a stated -3x daily.proshares.com
  2. 020.99% expense ratio, below the typical leveraged bear fund's fee.
  3. 03One of the most heavily traded names in the leveraged and inverse aisle, which matters when the holding period is measured in hours.
  4. 04Running since 2010 and among the tighter trackers of its stated daily objective in its peer group.

Worth knowing

  1. 01The -3x target applies to one day. Hold longer and compounding takes the wheel, so multi-day results can land far from three times the index's move.
  2. 02A rising Nasdaq-100 cuts three times as deep, and choppy stretches grind value away even when the index ends where it started.
  3. 03The exposure is inverse to one concentrated, tech-heavy index of about 100 names, not the broad US market.proshares.com

SQQQ Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Stocks
Holdings
19
Top-10 weight
160%
Largest holding
IQMM80.9%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IQMMPROSHARES GENIUS MNY MKT ETF80.89%16,448,000$1.6B61
002—TREASURY BILL, 0%, due 2026-12-0315.35%315,000,000$312M7
003—TREASURY BILL, 0%, due 2026-09-2414.73%300,000,000$300M11
004—TREASURY BILL, 0%, due 2026-11-0314.67%300,000,000$299M11
005—TREASURY BILL, 0%, due 2026-12-019.75%200,000,000$198M5
006—TREASURY BILL, 0%, due 2026-11-248.10%166,000,000$165M2
007—TREASURY BILL, 0%, due 2026-09-296.87%140,000,000$140M4
008—TREASURY BILL, 0%, due 2026-12-296.32%130,000,000$129M18
009—TREASURY BILL, 0%, due 2026-11-103.18%65,000,000$65M10

Showing 1–9 of 9 holdings

SQQQ Performance

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

SQQQ$4,701
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. SQQQ $4,701. SPY $11,723. Use the arrow keys to read each point.$4,097$8,478$12,859Sep 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 SQQQ. Periods over one year show the average yearly return.
PeriodSQQQ
Year to date−49.5%
1 month−13.5%
3 months−7.1%
1 year−53.0%
3 years−56.9%per year
5 years−46.7%per year
10 years−55.1%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 SQQQ
YearReturn barSQQQ
2026 YTD−49.5%
2025−53.1%
2024−49.7%
2023−73.7%
2022+82.4%
2021−60.9%
2020−86.4%

SQQQ in the news

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

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 Sep 22, 2026.
11.83%Last 12 months
Payout per share
$4.00Last 12 months
Last payment
$0.64 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. 25 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. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
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
Sep 20, 2023Sep 27, 2023$8.10

SQQQ 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.
47.9%
Annualised · 36 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.
−1.35
vs 3-month T-bills · 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.
−97.4%
Trough Sep 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.
−3.45
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.

SQQQ Cost

Expense ratio0.99%
  • The middle half of 3x Leveraged Inverse funds
  • Median 1.05%

1 of the 14 3x Leveraged Inverse funds charge less.

SQQQ costs $99.00 a year on $10,000. The median 3x Leveraged Inverse fund costs $105.00.