QLD vs UCC

QLDAProShares Ultra QQQ

UCCCProShares Ultra Consumer Discretionary

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.

UCC The original 2x bet on the American shopper: since 2007, UCC has aimed to deliver twice the daily move of the S&P Consumer Discretionary Select Sector Index, spreading its leverage across a whole sector basket instead of one hot stock.

Stated mandate

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

UCC UCC seeks daily investment results, before fees and expenses, equal to twice the daily performance of the S&P Consumer Discretionary 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.

• UCC Launched in 2007, one of the longest-running leveraged sector ETFs, with nearly two decades of trading through bull runs, crashes and rate shocks.proshares.com
• Leverage rides a basket of about 60 discretionary names rather than a single stock, so no one earnings miss sets the whole position.proshares.com
• Costs 0.95% net of a waiver through September 30, 2027 (gross 1.67%), near the category median and level with ProShares stablemate DDM at 0.95%.
• One ticker in an ordinary brokerage account does the work: no margin loan, no swap desk, no rolling futures yourself.proshares.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.

• UCC The 2x target resets every day. Hold longer and compounding takes over, so multi-day results can land well off twice the index move, especially in choppy markets.proshares.com
• A small fund that sits among the thinner traders in its category, so spreads can widen; the price you see may not be the price you get at market.
• That 0.95% is net of a waiver with a stated end date of September 30, 2027; the gross expense ratio behind it is 1.67%.

Full QLD profile⁠

Full UCC profile⁠