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QLD vs UXI

ProShares Ultra QQQ

QLDANYSE Arca

ProShares Ultra Industrials

UXIBNYSE Arca

Overlap

Expense ratio

QLD −0.06pt a year

QLD0.89%UXI0.95%

Avg volume · 30D

QLD 1133.0×the volume

QLD4.15MUXI3.66K

10Y return · a year

QLD +14.2pt

QLD+31.9%UXI+17.7%

QLD vs UXI Performance

Oct 29, 2021 – Oct 30, 2026

+97.9%QLD+55.3%UXI

Oct 29, 2021 to Oct 30, 2026. QLD +97.9%. UXI +55.3%. Use the arrow keys to read each point.−50%0%150%Oct 2021Apr 2024Oct 2026
Expense ratio
QLD 0.89%, better
UXI 0.95%
Fund size
QLD $13.3B
UXI $25M
1Y total return
QLD +10.7%, better
UXI +9.0%
Yield (12M)
QLD 0.15%
UXI 0.47%, better
Holdings
QLD 113
UXI 84
Avg volume (30D)
QLD 4.15M sh, better
UXI 3.66K sh
NAV per share
QLD $82.56
UXI $50.72
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. UXI: Cost 51, Risk 74, Mission not scored, Tradability 55, Holdings 89, Durability 67.
Pillar letters and Scores for QLD, UXI, with each pillar’s weight
PillarQLDUXI
Cost30% weightA72HigherC51
Mission25% weightA95Not scored
Risk15% weightB66A74Higher
Tradability15% weightA100HigherB55
Holdings10% weightA72A89Higher
Durability5% weightA81HigherB67

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 UXI 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 UXI 13th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 13BUSTProShares Ultra 7-10 Year TreasuryScore 58
  4. Rank 13BUXIProShares Ultra IndustrialsScore 58
  5. Rank 16BEETProShares Ultra MSCI Emerging MarketsScore 57

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

UXIBProShares Ultra Industrials

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.

UXI Industrials dialed to 2x: aerospace, railroads, machinery and logistics, reset every day. Trading since 2007, it is the moderate-leverage way to lean on the factory-floor economy.

Stated mandate

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

UXI The fund targets two times the daily performance of the S&P Industrials 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.
  • UXI Targets two times the daily move of the S&P Industrials Select Sector Index, about 80 industrial names from the S&P 500. No detour into a niche index to get the leverage.proshares.com
  • 0.95% a year, net of a waiver through September 30, 2027 (1.32% gross). That sits near the typical leveraged-bull fee and matches ProShares' own Ultra Dow30 (DDM, 0.95%).
  • Listed in 2007, so the daily-reset machinery has run through the financial crisis, the 2020 crash and the recoveries after. One of the stronger builds in its leveraged peer group.
  • 2x is the gentler setting in this corner: the other route to leveraged industrials is a 3x fund, where daily compounding bites harder. Distributions come quarterly.direxion.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.
  • UXI The 2x goal resets each day. Hold longer than a day and results can drift well away from 2x the index, especially in choppy markets. It is built as a short-horizon tool.proshares.com
  • A small fund that trades thinly next to the headline leveraged products, so spreads can widen and add to the cost of getting in and out.
  • One cyclical sector, doubled. Industrials swing with the economy, and the 2x multiple magnifies down days exactly as it magnifies up ones.

Full QLD profile⁠

Full UXI profile⁠

QLD vs UXI 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 UXI Cost

Overpaying UXI vs QLD

$997

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

  • QLD 0.89%

    $16,872

  • UXI 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QLD 0.89%
  • UXI 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$20K051015202530UXI $17,869QLD $16,872

Year by year

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

QLD 28th cheapest of 95 funds

UXI 32nd cheapest of 95 funds

QLD vs UXI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QLD 0.15%
UXI 0.47%, better
Payout (12M)
QLD $0.12
UXI $0.24
Last payment
QLD $0.03
UXI $0.07
Ex-dividend
QLD Sep 23, 2026
UXI Sep 23, 2026
Paid on
QLD Sep 29, 2026
UXI Sep 29, 2026
Frequency
QLD Quarterly
UXI 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
UXIQuarterly · 30 paymentsAll UXI payments⁠
One bar per payment. 30 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.0025; Sep 27, 2017 $0.0013; Dec 26, 2017 $0.02; Mar 21, 2018 $0.008; Jun 20, 2018 $0.0055; Dec 26, 2018 $0.03; Mar 20, 2019 $0.05; Jun 25, 2019 $0.03; Sep 25, 2019 $0.02; Dec 24, 2019 $0.03; Mar 25, 2020 $0.04; Jun 24, 2020 $0.01; Sep 23, 2020 $0.006; Dec 23, 2020 $0.0091; Mar 23, 2021 $0.01; Mar 23, 2022 $0.0068; Dec 22, 2022 $0.05; Dec 20, 2023 $0.06; Mar 20, 2024 $0.01; Jun 26, 2024 $0.01; Sep 25, 2024 $0.0028; Dec 23, 2024 $0.04; Mar 26, 2025 $0.09; Jun 25, 2025 $0.10; Sep 24, 2025 $0.13; Dec 24, 2025 $0.09; Mar 25, 2026 $0.05; Jun 24, 2026 $0.03; Sep 23, 2026 $0.07. Use the arrow keys to read each point.$0$0.102017202020232026YTD

QLD vs UXI Risk

Fall from peak · 5 years

  • QLD
  • UXI
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%UXI 31.8%, better
Return per unit of riskSharpe ratio, 3 years
QLD 1.04, betterUXI 0.94
Worst fallMax drawdown, 5 years
QLD −63.7%UXI −48.3%, better
Market sensitivityBeta, 5 years
QLD 2.46UXI 1.82

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