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QLD vs UGE

ProShares Ultra QQQ

QLDANYSE Arca

ProShares Ultra Consumer Staples

UGEBNYSE Arca

Overlap

Expense ratio

QLD −0.06pt a year

QLD0.89%UGE0.95%

Avg volume · 30D

QLD 111.3×the volume

QLD4.15MUGE37.3K

10Y return · a year

QLD +22.2pt

QLD+31.9%UGE+9.7%

QLD vs UGE Performance

Oct 29, 2021 – Oct 30, 2026

+97.9%QLD−18.7%UGE

Oct 29, 2021 to Oct 30, 2026. QLD +97.9%. UGE −18.7%. Use the arrow keys to read each point.−50%50%150%Oct 2021Apr 2024Oct 2026
Expense ratio
QLD 0.89%, better
UGE 0.95%
Fund size
QLD $13.3B
UGE $11M
1Y total return
QLD +10.7%
UGE +33.7%, better
Yield (12M)
QLD 0.15%
UGE 1.92%, better
Holdings
QLD 113
UGE 34
Avg volume (30D)
QLD 4.15M sh, better
UGE 37.3K sh
NAV per share
QLD $82.56
UGE $21.14
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. UGE: Cost 51, Risk 75, Mission not scored, Tradability 65, Holdings not scored, Durability 63.
Pillar letters and Scores for QLD, UGE, with each pillar’s weight
PillarQLDUGE
Cost30% weightA72HigherC51
Mission25% weightA95Not scored
Risk15% weightB66A75Higher
Tradability15% weightA100HigherB65
Holdings10% weightA72Not scored
Durability5% weightA81HigherB63

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 UGE 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 UGE 12th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 11BRXLProShares Ultra Health CareScore 61
  4. Rank 12BUGEProShares Ultra Consumer StaplesScore 60
  5. Rank 13BUBTProShares Ultra 20+ Year TreasuryScore 58

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

UGEBProShares Ultra Consumer Staples

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.

UGE Leverage pointed at the market's sleepiest aisle. UGE aims for twice the daily move of the S&P 500's consumer staples names, the soap-soda-and-cereal corner, and it has been doing it since 2007.

Stated mandate

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

UGE The fund seeks daily returns, before fees and expenses, equal to twice the daily performance of the S&P Consumer Staples 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.
  • UGE Targets 2x the daily performance of the S&P Consumer Staples Select Sector Index, which measures the staples companies inside the S&P 500. Roughly 40 names, one ticker.spglobal.com
  • Costs 0.95% net of a waiver through September 30, 2027, versus 2.02% gross. That lands near the typical fee for leveraged equity funds and matches stablemate DDM at 0.95%.
  • Launched in 2007, giving it a long operating history for a geared sector fund, and it sits in the upper tier of the leveraged long funds we cover.
  • Staples leverage is a thin shelf. Most geared sector products chase tech, semis or financials, so a 2x line on toothpaste and groceries is a rarer tool.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.
  • UGE The 2x target resets every day. Held longer, daily rebalancing and compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Assets are small and the shares trade thinly next to the headline geared funds, which tends to show up as wider bid-ask spreads.
  • Distributions come quarterly, but the stated objective is the daily index multiple, not income.

Full QLD profile⁠

Full UGE profile⁠

QLD vs UGE 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 UGE Cost

Overpaying UGE vs QLD

$997

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

  • QLD 0.89%

    $16,872

  • UGE 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QLD 0.89%
  • UGE 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$20K051015202530UGE $17,869QLD $16,872

Year by year

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

QLD 28th cheapest of 95 funds

UGE 32nd cheapest of 95 funds

QLD vs UGE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QLD 0.15%
UGE 1.92%, better
Payout (12M)
QLD $0.12
UGE $0.41
Last payment
QLD $0.03
UGE $0.10
Ex-dividend
QLD Sep 23, 2026
UGE Sep 23, 2026
Paid on
QLD Sep 29, 2026
UGE Sep 29, 2026
Frequency
QLD Quarterly
UGE 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
UGEQuarterly · 36 paymentsAll UGE payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.02; Dec 26, 2017 $0.03; Mar 21, 2018 $0.01; Jun 20, 2018 $0.02; Dec 26, 2018 $0.03; Mar 20, 2019 $0.02; Jun 25, 2019 $0.05; Sep 25, 2019 $0.02; Dec 24, 2019 $0.03; Mar 25, 2020 $0.03; Jun 24, 2020 $0.03; Sep 23, 2020 $0.02; Dec 23, 2020 $0.01; Mar 23, 2021 $0.0058; Jun 22, 2021 $0.02; Sep 22, 2021 $0.0089; Dec 23, 2021 $0.02; Mar 23, 2022 $0.02; Jun 22, 2022 $0.02; Sep 21, 2022 $0.03; Dec 22, 2022 $0.05; Mar 22, 2023 $0.10; Dec 20, 2023 $0.09; Mar 20, 2024 $0.04; Jun 26, 2024 $0.07; Sep 25, 2024 $0.06; Dec 23, 2024 $0.09; Mar 26, 2025 $0.08; Jun 25, 2025 $0.12; Sep 24, 2025 $0.10; Dec 24, 2025 $0.13; Mar 25, 2026 $0.06; Jun 24, 2026 $0.12; Sep 23, 2026 $0.10. Use the arrow keys to read each point.$0$0.102017202020232026YTD

QLD vs UGE Risk

Fall from peak · 5 years

  • QLD
  • UGE
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%UGE 26.3%, better
Return per unit of riskSharpe ratio, 3 years
QLD 1.04, betterUGE 0.55
Worst fallMax drawdown, 5 years
QLD −63.7%UGE −56.5%, better
Market sensitivityBeta, 5 years
QLD 2.46UGE 0.80

QLD and UGE in the news

All news⁠

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