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QLD vs URAA

ProShares Ultra QQQ

QLDANYSE Arca

Direxion Daily Uranium Industry Bull 2X ETF

URAAFNYSE Arca

Overlap

0.0%by weight

Expense ratio

QLD −0.41pt a year

QLD0.89%URAA1.30%

Avg volume · 30D

QLD 64.0×the volume

QLD4.15MURAA64.7K

QLD vs URAA Performance

Oct 31, 2025 – Oct 30, 2026

+10.7%QLD−69.9%URAA

Oct 31, 2025 to Oct 30, 2026. QLD +10.7%. URAA −69.9%. Use the arrow keys to read each point.−40%−20%40%Oct 2025Apr 2026Oct 2026
Expense ratio
QLD 0.89%, better
URAA 1.30%
Fund size
QLD $13.3B
URAA $25M
1Y total return
QLD +10.7%, better
URAA −69.9%
Yield (12M)
QLD 0.15%
URAA 21.94%, better
Holdings
QLD 113
URAA 12
Avg volume (30D)
QLD 4.15M sh, better
URAA 64.7K sh
NAV per share
QLD $82.56
URAA $15.82
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. URAA: Cost 9, Risk 16, Mission not scored, Tradability 45, Holdings not scored, Durability 56.
Pillar letters and Scores for QLD, URAA, with each pillar’s weight
PillarQLDURAA
Cost30% weightA72HigherF9
Mission25% weightA95Not scored
Risk15% weightB66HigherF16
Tradability15% weightA100HigherC45
Holdings10% weightA72Not scored
Durability5% weightA81HigherB56

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 URAA 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 URAA 92nd of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 91FUVIX2x Long VIX Futures ETFScore 23
  4. Rank 92FURAADirexion Daily Uranium Industry Bull 2X ETFScore 22
  5. Rank 93FXNDXTradr 2X Long XNDU Daily ETFScore 15
  6. KPONot yet graded
  7. RAAANot yet graded

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

URAAFDirexion Daily Uranium Industry Bull 2X 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.

URAA A 2x daily play on uranium and nuclear built on an index of other uranium ETFs, so one ticker reaches dozens of miners and reactor names. Fee is 1.30%, net of a waiver through September 1, 2027.

Stated mandate

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

URAA The fund seeks daily investment results, before fees and expenses, equal to twice the performance of the Solactive United States Uranium and Nuclear Energy ETF Select 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.
  • URAA The benchmark tracks US-listed uranium and nuclear ETFs instead of hand-picking stocks, so a single trade spans dozens of companies across mining, fuel and reactors.direxion.comdirexion.com 2
  • Direxion states the 200% target applies to a single day and should not be expected over longer periods. The tool tells you what it is, right on the label.direxion.com
  • Listed since 2024 and moderately traded for a niche leveraged fund, with the index reconstituted quarterly to keep up with the ETF lineup it follows.solactive.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.
  • URAA Costs sit above the typical leveraged bull fund: 1.30% net of a waiver through September 1, 2027 (1.46% gross), versus 0.89% at QLD, net of a waiver through September 30, 2027.
  • Leverage resets every day, so choppy stretches can leave longer-term results well away from 2x the index move. Built for days, not quarters.direxion.com
  • Uranium is a narrow, headline-driven corner of energy, and 2x doubles the daily swing in both directions. Assets here stay small next to the big index-based leveraged funds.

Full QLD profile⁠

Full URAA profile⁠

QLD vs URAA Holdings

How QLD and URAA differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of QLD and 0.0% of URAA.

Level by level

  • Holdings0 in both0.0%
  • Sector10 Sectors8.0%
  • Countryby domicile32.0%
  • Asset classEquity100%

Sector

Sector weights in QLD and URAA, widest gap first
SectorMore in QLDMore in URAA
EnergyURAA +61.9 points
TechnologyQLD +51.5 points
IndustrialsURAA +14.7 points
UtilitiesURAA +13.4 points
FinancialsQLD +12.4 points
CommunicationQLD +9.6 points
Consumer DiscretionaryQLD +9.2 points
Consumer StaplesQLD +5.5 points
Health CareQLD +3.9 points
MaterialsURAA +1.9 points

Country, concentration and asset class

Country by domicile

Country weights in QLD and URAA, widest gap first
CountryMore in QLDMore in URAA
United StatesQLD +66.8 points
CanadaURAA +37.5 points
AustraliaURAA +9.4 points
South KoreaURAA +7.4 points
ChinaURAA +4.2 points
United KingdomURAA +3.0 points
FinlandURAA +2.7 points
JapanURAA +2.6 points
Other countries (4)URAA +0.2 points

Outside the US: URAA 81% developed, 19% emerging.

Concentration

Weight in the 10 largest Holdings

  • QLD53.3%
  • URAA93.7%

Securities held

  • QLD112
  • URAA5

Asset class

QLD
Equity
URAA
Equity

Holdings

  • Only in QLD112
  • In both0
  • Only in URAA5

Only in QLD

112 securities, 87.2% of QLD by weight

  • Proshares Genius Mny Mkt Etf10.87%
  • Apple Inc5.88%
  • NVIDIA Corp5.76%

Only in URAA

5 securities, 29.7% of URAA by weight

  • Global X Uranium Etf11.67%
  • Vaneck Urani & Nuclr Etf-Usd7.76%
  • Sprott Uranium Miners Etf3.97%

Weight gaps

QLD and URAA share no securities.

All 121 QLD holdings⁠All 9 URAA 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 URAA Cost

Overpaying URAA vs QLD

$6,497

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

  • QLD 0.89%

    $16,872

  • URAA 1.30%

    $23,369

$10,000
30 years

Cost over time

  • QLD 0.89%
  • URAA 1.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530URAA $23,369QLD $16,872

Year by year

YearQLDURAAOverpaying
10$1,576$2,263$687
20$5,953$8,393$2,440
30$16,872$23,369$6,497

Expense ratio

  • 0.89%QLD, cheaper
  • 1.30%URAA
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

URAA 90th cheapest of 95 funds

QLD vs URAA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QLD 0.15%
URAA 21.94%, better
Payout (12M)
QLD $0.12
URAA $3.13
Last payment
QLD $0.03
URAA $0.04
Ex-dividend
QLD Sep 23, 2026
URAA Sep 22, 2026
Paid on
QLD Sep 29, 2026
URAA Sep 29, 2026
Frequency
QLD Quarterly
URAA 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$2.502017202020232026YTD
URAAQuarterly · 12 paymentsAll URAA payments⁠
One bar per payment. 12 payments from 2017 to 2026 YTD. Sep 24, 2024 $0.07; Dec 12, 2024 $0.51; Dec 23, 2024 $0.20; Mar 25, 2025 $0.14; Jun 24, 2025 $0.06; Sep 23, 2025 $0.02; Dec 10, 2025 $2.35; Dec 23, 2025 $0.19; Dec 31, 2025 $0.11; Mar 24, 2026 $0.42; Jun 23, 2026 $0.03; Sep 22, 2026 $0.04. Use the arrow keys to read each point.$0$2.502017202020232026YTD

QLD vs URAA 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%URAA 89.0%since Jul 2024
Return per unit of riskSharpe ratio, 3 years
QLD 1.04URAA 0.15since Jul 2024
Worst fallMax drawdown, 5 years
QLD −63.7%URAA −76.7%since Jun 2024
Market sensitivityBeta, 5 years
QLD 2.46URAA 4.28

QLD and URAA in the news

All news⁠

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