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QLD vs SKYU

ProShares Ultra QQQ

QLDANYSE Arca

ProShares Ultra Nasdaq Cloud Computing

SKYUCNasdaq

Overlap

Expense ratio

QLD −0.06pt a year

QLD0.89%SKYU0.95%

Avg volume · 30D

QLD 745.0×the volume

QLD4.15MSKYU5.57K

5Y return · a year

QLD +15.8pt

QLD+14.6%SKYU−1.2%

QLD vs SKYU Performance

Oct 29, 2021 – Oct 30, 2026

+97.9%QLD−5.6%SKYU

Oct 29, 2021 to Oct 30, 2026. QLD +97.9%. SKYU −5.6%. Use the arrow keys to read each point.−50%50%150%Oct 2021Apr 2024Oct 2026
Expense ratio
QLD 0.89%, better
SKYU 0.95%
Fund size
QLD $13.3B
SKYU $4M
1Y total return
QLD +10.7%, better
SKYU +9.0%
Yield (12M)
QLD 0.15%
SKYU 0.47%, better
Holdings
QLD 113
SKYU 66
Avg volume (30D)
QLD 4.15M sh, better
SKYU 5.57K sh
NAV per share
QLD $82.56
SKYU $48.63
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. SKYU: Cost 51, Risk 44, Mission not scored, Tradability 64, Holdings 73, Durability 54.
Pillar letters and Scores for QLD, SKYU, with each pillar’s weight
PillarQLDSKYU
Cost30% weightA72HigherC51
Mission25% weightA95Not scored
Risk15% weightB66HigherC44
Tradability15% weightA100HigherB64
Holdings10% weightA72A73Higher
Durability5% weightA81HigherC54

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 SKYU 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 SKYU 37th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 37CMEGXCorgi U.S. Mega-Cap Growth 2x Daily ETFScore 40
  4. Rank 37CSKYUProShares Ultra Nasdaq Cloud ComputingScore 40
  5. Rank 37CTSXUDirexion Daily Semiconductors Top 5 Bull 2X ETFScore 40

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

SKYUCProShares Ultra Nasdaq Cloud Computing

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.

SKYU A 2x daily play on the cloud stack. The index scores companies by how many layers they run (infrastructure, platform, software) and weights them by that score, and SKYU aims to double its daily move. A one-day-at-a-time tool.

Stated mandate

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

SKYU The fund seeks daily returns equal to twice the daily performance of the ISE CTA Cloud Computing Index, before fees and expenses.

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.
  • SKYU Weight is earned by role, not size: 3 points for infrastructure, 2 for platform, 1 for software, modified equal weight, with constituents capped at 4.5% at each rebalance.nasdaq.comnasdaqomx.comnasdaqomx.com 2
  • The fee is 0.95% net of a waiver through September 30, 2027 (5.86% gross), near the category median and level with ProShares stablemates like DDM at 0.95%.
  • Not a two-stock theme sleeve: roughly 70 cloud names, from infrastructure giants down to subscription software, inside one leveraged wrapper.
  • The underlying ISE CTA Cloud Computing Index launched back in 2007, well before cloud became a marketing word, and SKYU has tracked its 2x mandate since 2021.nasdaqomx.com

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.
  • SKYU The 2x target applies to a single day. Hold longer and compounding takes over, so results can drift well away from twice the index move, especially in choppy markets.proshares.com
  • A small fund that trades thinly, so bid-ask spreads can run wide and larger orders can push the price around.
  • Cloud is one slice of tech and the fund is non-diversified, so a bad stretch for software multiples lands at double speed.proshares.com

Full QLD profile⁠

Full SKYU profile⁠

QLD vs SKYU 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 SKYU Cost

Overpaying SKYU vs QLD

$997

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

  • QLD 0.89%

    $16,872

  • SKYU 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QLD 0.89%
  • SKYU 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$20K051015202530SKYU $17,869QLD $16,872

Year by year

YearQLDSKYUOverpaying
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%SKYU
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

SKYU 32nd cheapest of 95 funds

QLD vs SKYU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QLD 0.15%
SKYU 0.47%, better
Payout (12M)
QLD $0.12
SKYU $0.23
Last payment
QLD $0.03
SKYU $0.0078
Ex-dividend
QLD Sep 23, 2026
SKYU Sep 23, 2026
Paid on
QLD Sep 29, 2026
SKYU Sep 29, 2026
Frequency
QLD Quarterly
SKYU 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$0.102017202020232026YTD
SKYUQuarterly · 8 paymentsAll SKYU payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. Sep 25, 2024 $0.03; Dec 23, 2024 $0.04; Mar 26, 2025 $0.0054; Sep 24, 2025 $0.08; Dec 24, 2025 $0.12; Mar 25, 2026 $0.06; Jun 24, 2026 $0.04; Sep 23, 2026 $0.0078. Use the arrow keys to read each point.$0$0.102017202020232026YTD

QLD vs SKYU Risk

Fall from peak · 5 years

  • QLD
  • SKYU
Oct 29, 2021 to Oct 30, 2026. Worst fall: SKYU −83.0% · Jan 2023. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
QLD 36.7%, betterSKYU 53.9%
Return per unit of riskSharpe ratio, 3 years
QLD 1.04, betterSKYU 0.90
Worst fallMax drawdown, 5 years
QLD −63.7%, betterSKYU −83.0%
Market sensitivityBeta, 5 years
QLD 2.46SKYU 2.89

QLD and SKYU in the news

All news⁠

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