Skip to content
etf.net

QLD vs RAAA

ProShares Ultra QQQ

QLDANYSE Arca

Reckoner Yield Enhanced AAA CLO ETF

RAAA—NYSE Arca

Overlap

Expense ratio

RAAA −0.59pt a year

QLD0.89%RAAA0.30%

Avg volume · 30D

QLD 586.5×the volume

QLD4.15MRAAA7.07K

QLD vs RAAA Performance

Oct 31, 2025 – Oct 30, 2026

+10.7%QLD+5.6%RAAA

Oct 31, 2025 to Oct 30, 2026. QLD +10.7%. RAAA +5.6%. Use the arrow keys to read each point.−20%−10%20%30%Oct 2025Apr 2026Oct 2026
Expense ratio
QLD 0.89%
RAAA 0.30%, better
Fund size
QLD $13.3B
RAAA $45M
1Y total return
QLD +10.7%, better
RAAA +5.6%
Yield (12M)
QLD 0.15%
RAAA 5.46%, better
Holdings
QLD 113
RAAA 47
Avg volume (30D)
QLD 4.15M sh, better
RAAA 7.07K sh
NAV per share
QLD $82.56
RAAA $25.11
52W range

ETF.net Grade

  • —RAAAUnder classification review
QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81.
Pillar letters and Scores for QLD, RAAA, with each pillar’s weight
PillarQLDRAAA
Cost30% weightA72Not scored
Mission25% weightA95Not scored
Risk15% weightB66Not scored
Tradability15% weightA100Not scored
Holdings10% weightA72Not scored
Durability5% weightA81Not scored

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

RAAA—Reckoner Yield Enhanced AAA CLO ETF

In short

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

RAAA No data

Stated mandate

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

RAAA No data

Why people hold it

  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

RAAA No data

Worth knowing

  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

RAAA No data

Full QLD profile⁠

Full RAAA profile⁠

QLD vs RAAA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QLD vs RAAA Cost

Overpaying QLD vs RAAA

$10,723

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

  • QLD 0.89%

    $16,872

  • RAAA 0.30%

    $6,149

$10,000
30 years

Cost over time

  • QLD 0.89%
  • RAAA 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QLD $16,872RAAA $6,149

Year by year

YearQLDRAAAOverpaying
10$1,576$545$1,031
20$5,953$2,113$3,840
30$16,872$6,149$10,723

Expense ratio

  • 0.89%QLD
  • 0.30%RAAA, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

RAAA 2nd cheapest of 95 funds

QLD 28th cheapest of 95 funds

QLD vs RAAA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QLD 0.15%
RAAA 5.46%, better
Payout (12M)
QLD $0.12
RAAA $1.37
Last payment
QLD $0.03
RAAA $0.10
Ex-dividend
QLD Sep 23, 2026
RAAA Oct 1, 2026
Paid on
QLD Sep 29, 2026
RAAA Oct 6, 2026
Frequency
QLD Quarterly
RAAA Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

QLDQuarterly · 13 paymentsAll QLD payments⁠
One bar per payment. 13 payments from 2023 to 2026 YTD. Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$0.1020232026YTD
RAAAMonthly · 16 paymentsAll RAAA payments⁠
One bar per payment. 16 payments from 2023 to 2026 YTD. Aug 1, 2025 $0.07; Sep 2, 2025 $0.11; Oct 1, 2025 $0.14; Nov 3, 2025 $0.12; Dec 1, 2025 $0.10; Dec 23, 2025 $0.13; Feb 2, 2026 $0.11; Mar 2, 2026 $0.10; Apr 1, 2026 $0.10; May 1, 2026 $0.11; Jun 1, 2026 $0.10; Jul 1, 2026 $0.11; Aug 3, 2026 $0.11; Aug 31, 2026 $0.06; Sep 1, 2026 $0.11; Oct 1, 2026 $0.10. Use the arrow keys to read each point.$0$0.1020232026YTD

QLD vs RAAA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QLD 36.7%RAAA 0.8%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
QLD 1.04RAAA 1.94since Aug 2025
Worst fallMax drawdown, 5 years
QLD −63.7%RAAA −0.7%since Jul 2025
Market sensitivityBeta, 5 years
QLD 2.46RAAA 0.06

QLD and RAAA in the news

All news⁠

Popular comparisons

  • QLDAvsUYGA

    ProShares Ultra QQQ · ProShares Ultra Financials

    Expense ratio
    0.89% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RAAA—vsUYGA

    Reckoner Yield Enhanced AAA CLO ETF · ProShares Ultra Financials

    Expense ratio
    0.30% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QLDAvsROMA

    ProShares Ultra QQQ · ProShares Ultra Technology

    Expense ratio
    0.89% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RAAA—vsROMA

    Reckoner Yield Enhanced AAA CLO ETF · ProShares Ultra Technology

    Expense ratio
    0.30% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QLDAvsDDMB

    ProShares Ultra QQQ · ProShares Ultra Dow30

    Expense ratio
    0.89% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RAAA—vsDDMB

    Reckoner Yield Enhanced AAA CLO ETF · ProShares Ultra Dow30

    Expense ratio
    0.30% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.