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QLD vs UVIX

ProShares Ultra QQQ

QLDANYSE Arca

2x Long VIX Futures ETF

UVIXFCboe

Overlap

0.0%by weight

Expense ratio

QLD −1.30pt a year

QLD0.89%UVIX2.19%

Avg volume · 30D

QLD 1.9×the volume

QLD4.15MUVIX2.14M

3Y return · a year

QLD +119.1pt

QLD+38.8%UVIX−80.3%

QLD vs UVIX Performance

Oct 31, 2025 – Nov 2, 2026

+7.6%QLD−78.5%UVIX

Oct 31, 2025 to Nov 2, 2026. QLD +7.6%. UVIX −78.5%. Use the arrow keys to read each point.−50%−25%25%Oct 2025May 2026Nov 2026
Expense ratio
QLD 0.89%, better
UVIX 2.19%
Fund size
QLD $13.3B
UVIX $215M
1Y total return
QLD +7.6%, better
UVIX −78.5%
Yield (12M)
QLD 0.15%
UVIX No data
Holdings
QLD 113
UVIX 3
Avg volume (30D)
QLD 4.15M sh, better
UVIX 2.14M sh
NAV per share
QLD $82.56
UVIX $42.39
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. UVIX: Cost 1, Risk 6, Mission not scored, Tradability 72, Holdings not scored, Durability 69.
Pillar letters and Scores for QLD, UVIX, with each pillar’s weight
PillarQLDUVIX
Cost30% weightA72HigherF1
Mission25% weightA95Not scored
Risk15% weightB66HigherF6
Tradability15% weightA100HigherA72
Holdings10% weightA72Not scored
Durability5% weightA81HigherB69

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 UVIX 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 UVIX 91st of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 78
  2. Rank 2AUYGProShares Ultra FinancialsScore 73
  3. Rank 89DUSLVDirexion Daily Silver Bull 2X ETFScore 25
  4. Rank 91FUVIX2x Long VIX Futures ETFScore 23
  5. Rank 92FURAADirexion Daily Uranium Industry Bull 2X ETFScore 22

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

UVIXF2x Long VIX Futures 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.

UVIX Most leveraged ETFs juice a stock index. UVIX goes after fear itself: twice the daily move of a VIX futures index, wrapped in a commodity pool. A short-horizon trading tool, by design.

Stated mandate

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

UVIX The fund seeks daily results, before fees and expenses, equal to twice the performance of the Long VIX Futures 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.
  • UVIX A rare pure play on volatility in a cohort dominated by leveraged equity funds: it targets 2x the daily move of the Long VIX Futures Index.
  • The mandate leaves nothing to interpretation: a stated 2x daily multiple against one named index, spelled out in the prospectus. No manager discretion.
  • For a tool you hold in hours or days, liquidity matters most. UVIX is actively traded, one of the stronger showings in its peer group for getting in and out.
  • Running since 2022, so it has a multi-year operating history in a corner of the market where launches often do not stick around.

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.
  • UVIX The fee is 2.19%, well above what most leveraged funds charge. That drag runs whether volatility spikes or naps.
  • The 2x target resets daily. Over any longer stretch, compounding means results can diverge widely from twice the index move over that same stretch.
  • It is a commodity pool tracking VIX futures, not the spot VIX and not a stock fund, and it has made no distributions in the past year.

Full QLD profile⁠

Full UVIX profile⁠

QLD vs UVIX Holdings

How QLD and UVIX differ

Overlap by weight

0.0%

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

Level by level

  • Asset classEquity, Alternatives0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for UVIX.

Country, concentration and asset class

Country by domicile

No country split for UVIX.

Concentration

Weight in the 10 largest Holdings

  • QLD53.3%
  • UVIX100.0%

Securities held

  • QLD112
  • UVIX0

Asset class

QLD
Equity
UVIX
Alternatives

Holdings

  • Only in QLD112
  • In both0
  • Only in UVIX0

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 UVIX

0 securities, 0.0% of UVIX by weight

Weight gaps

QLD and UVIX share no securities.

All 121 QLD holdings⁠All 2 UVIX 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 UVIX Cost

Overpaying UVIX vs QLD

$18,317

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

  • QLD 0.89%

    $16,872

  • UVIX 2.19%

    $35,189

$10,000
30 years

Cost over time

  • QLD 0.89%
  • UVIX 2.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530UVIX $35,189QLD $16,872

Year by year

YearQLDUVIXOverpaying
10$1,576$3,675$2,099
20$5,953$13,108$7,155
30$16,872$35,189$18,317

Expense ratio

  • 0.89%QLD, cheaper
  • 2.19%UVIX
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

UVIX 95th cheapest of 95 funds

QLD vs UVIX Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
QLD 0.15%
UVIX No data
Payout (12M)
QLD $0.12
UVIX None
Last payment
QLD $0.03
UVIX No data
Ex-dividend
QLD Sep 23, 2026
UVIX No data
Paid on
QLD Sep 29, 2026
UVIX No data
Frequency
QLD Quarterly
UVIX No data

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
UVIXAll UVIX payments⁠

No distribution history available.

QLD vs UVIX 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%, betterUVIX 73.7%
Return per unit of riskSharpe ratio, 3 years
QLD 1.04, betterUVIX −1.79
Worst fallMax drawdown, 5 years
QLD −63.7%UVIX −100.0%since Mar 2022
Market sensitivityBeta, 5 years
QLD 2.46UVIX −4.27

QLD and UVIX in the news

All news⁠

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