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QLD vs RXL

ProShares Ultra QQQ

QLDANYSE Arca

ProShares Ultra Health Care

RXLBNYSE Arca

Overlap

Expense ratio

QLD −0.06pt a year

QLD0.89%RXL0.95%

Avg volume · 30D

QLD 286.7×the volume

QLD4.15MRXL14.5K

10Y return · a year

QLD +14.0pt

QLD+31.9%RXL+17.9%

QLD vs RXL Performance

Oct 29, 2021 – Oct 30, 2026

+97.9%QLD+40.9%RXL

Oct 29, 2021 to Oct 30, 2026. QLD +97.9%. RXL +40.9%. Use the arrow keys to read each point.−50%0%150%Oct 2021Apr 2024Oct 2026
Expense ratio
QLD 0.89%, better
RXL 0.95%
Fund size
QLD $13.3B
RXL $113M
1Y total return
QLD +10.7%
RXL +56.4%, better
Yield (12M)
QLD 0.15%
RXL 0.90%, better
Holdings
QLD 113
RXL 62
Avg volume (30D)
QLD 4.15M sh, better
RXL 14.5K sh
NAV per share
QLD $82.56
RXL $70.10
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. RXL: Cost 51, Risk 73, Mission not scored, Tradability 69, Holdings 52, Durability 75.
Pillar letters and Scores for QLD, RXL, with each pillar’s weight
PillarQLDRXL
Cost30% weightA72HigherC51
Mission25% weightA95Not scored
Risk15% weightB66A73Higher
Tradability15% weightA100HigherB69
Holdings10% weightA72HigherC52
Durability5% weightA81HigherA75

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QLD and RXL are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and RXL 11th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 9BUWMProShares Ultra Russell2000Score 63
  4. Rank 11BRXLProShares Ultra Health CareScore 61
  5. Rank 12BUGEProShares Ultra Consumer StaplesScore 60

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

RXLBProShares Ultra Health Care

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.

RXL Health care with the volume turned up: RXL targets two times the daily move of the S&P Health Care Select Sector Index. It has been running that one-day dial since 2007, through a long run of drug-pricing and policy cycles.

Stated mandate

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

RXL The fund seeks daily returns, before fees and expenses, equal to two times the daily performance of the S&P Health Care Select Sector Index.

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.
  • RXL Plain mandate, no stock picking: 2x the daily move of a cap-weighted index of roughly 70 large US health care names (drugmakers, insurers, device and services companies).proshares.com
  • 0.95% net of a waiver through September 30, 2027 lands near the leveraged-bull median; stablemate QLD runs 0.89% net of a waiver through that same date.
  • Trading since January 2007, one of the original ProShares sector Ultras, and one of the stronger implementations in a crowded leveraged field. Pays quarterly.

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.
  • RXL The 2x resets every day. Hold past that and compounding takes the wheel, so multi-day results can land well off 2x the index, especially in choppy markets.proshares.com
  • Exposure is built with swaps and other derivatives, so counterparty and financing costs ride along with the sector bet.proshares.com
  • One of the quieter names in leveraged land. Thinner tape can mean wider spreads, and the gross fee is 1.08% once the waiver ends September 30, 2027.

Full QLD profile⁠

Full RXL profile⁠

QLD vs RXL 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 RXL Cost

Overpaying RXL vs QLD

$997

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

  • QLD 0.89%

    $16,872

  • RXL 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QLD 0.89%
  • RXL 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530RXL $17,869QLD $16,872

Year by year

YearQLDRXLOverpaying
10$1,576$1,678$102
20$5,953$6,322$369
30$16,872$17,869$997

Expense ratio

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

QLD 28th cheapest of 95 funds

RXL 32nd cheapest of 95 funds

QLD vs RXL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QLD 0.15%
RXL 0.90%, better
Payout (12M)
QLD $0.12
RXL $0.63
Last payment
QLD $0.03
RXL $0.13
Ex-dividend
QLD Sep 23, 2026
RXL Sep 23, 2026
Paid on
QLD Sep 29, 2026
RXL Sep 29, 2026
Frequency
QLD Quarterly
RXL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; 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$0.252017202020232026YTD
RXLQuarterly · 29 paymentsAll RXL payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.03; Mar 21, 2018 $0.02; Jun 20, 2018 $0.01; Sep 26, 2018 $0.01; Dec 26, 2018 $0.03; Mar 20, 2019 $0.03; Jun 25, 2019 $0.02; Dec 24, 2019 $0.03; Mar 25, 2020 $0.04; Dec 23, 2020 $0.02; Mar 23, 2021 $0.02; Jun 22, 2021 $0.0065; Sep 22, 2021 $0.006; Dec 23, 2021 $0.02; Mar 23, 2022 $0.05; Jun 22, 2022 $0.0015; Dec 22, 2022 $0.11; Dec 20, 2023 $0.08; Mar 20, 2024 $0.09; Jun 26, 2024 $0.17; Sep 25, 2024 $0.13; Dec 23, 2024 $0.15; Mar 26, 2025 $0.13; Jun 25, 2025 $0.22; Sep 24, 2025 $0.20; Dec 24, 2025 $0.18; Mar 25, 2026 $0.14; Jun 24, 2026 $0.18; Sep 23, 2026 $0.13. Use the arrow keys to read each point.$0$0.252017202020232026YTD

QLD vs RXL Risk

Fall from peak · 5 years

  • QLD
  • RXL
Oct 29, 2021 to Oct 30, 2026. Worst fall: QLD −63.7% · Dec 2022. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
QLD 36.7%RXL 29.6%, better
Return per unit of riskSharpe ratio, 3 years
QLD 1.04, betterRXL 0.72
Worst fallMax drawdown, 5 years
QLD −63.7%RXL −36.1%, better
Market sensitivityBeta, 5 years
QLD 2.46RXL 1.14

QLD and RXL in the news

All news⁠

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