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QLD vs UYM

ProShares Ultra QQQ

QLDANYSE Arca

ProShares Ultra Materials

UYMBNYSE Arca

Overlap

Expense ratio

QLD −0.06pt a year

QLD0.89%UYM0.95%

Avg volume · 30D

QLD 464.2×the volume

QLD4.54MUYM9.78K

10Y return · a year

QLD +19.6pt

QLD+31.3%UYM+11.7%

QLD vs UYM Performance

Nov 9, 2021 – Nov 9, 2026

+81.1%QLD+20.5%UYM

Nov 9, 2021 to Nov 9, 2026. QLD +81.1%. UYM +20.5%. Use the arrow keys to read each point.−50%50%Nov 2021May 2024Nov 2026
Expense ratio
QLD 0.89%, better
UYM 0.95%
Fund size
QLD $11.5B
UYM $38M
1Y total return
QLD +13.1%
UYM +44.4%, better
Yield (12M)
QLD 0.16%
UYM 1.06%, better
Holdings
QLD 114
UYM 26
Avg volume (30D)
QLD 4.54M sh, better
UYM 9.78K sh
NAV per share
QLD $74.16
UYM $30.28
52W range

ETF.net Grade

QLD: Cost 72, Risk 61, Mission 96, Tradability 100, Holdings 65, Durability 81. UYM: Cost 51, Risk 61, Mission not scored, Tradability 63, Holdings 69, Durability 71.
Pillar letters and Scores for QLD, UYM, with each pillar’s weight
PillarQLDUYM
Cost30% weightA72HigherC51
Mission25% weightA96Not scored
Risk15% weightB61B61
Tradability15% weightA100HigherB63
Holdings10% weightB65B69Higher
Durability5% weightA81HigherA71

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 UYM 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 UYM 16th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 76
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 16BUXIProShares Ultra IndustrialsScore 57
  4. Rank 16BUYMProShares Ultra MaterialsScore 57
  5. Rank 18BEETProShares Ultra MSCI Emerging MarketsScore 56

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

UYMBProShares Ultra Materials

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.

UYM The only US ETF built to track 2x the daily move of the S&P materials sector: chemicals, metals, mining, packaging. Running since 2007, it resets daily, so it is a trading tool.

Stated mandate

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

UYM The fund seeks daily returns, before fees and expenses, equal to two times the daily performance of the S&P Materials Select Sector SM 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.
  • UYM Per ProShares, no other ETF targets 2x the daily return of the materials sector. If you want levered chemicals, miners and packaging in one ticker, this is the shelf.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.18% gross), near the leveraged-bull median: level with DDM, a shade above QLD at 0.89% net of a waiver through the same date.
  • Trading since January 2007, through the 2008 crash and several commodity cycles, and it scores in the upper tier of a crowded leveraged-bull field.

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.
  • UYM Daily reset: hold longer than a day and compounding takes over, so multi-day returns can trail 2x the index move, especially in choppy markets.proshares.com
  • A small fund that trades lightly, so spreads can run wider than the giants of the leveraged shelf.
  • Roughly 40 stocks, market-cap weighted, and one sector. Concentration cuts both ways; distributions come quarterly.

Full QLD profile⁠

Full UYM profile⁠

QLD vs UYM 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 UYM Cost

Overpaying UYM vs QLD

$997

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

  • QLD 0.89%

    $16,872

  • UYM 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QLD 0.89%
  • UYM 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$20K051015202530UYM $17,869QLD $16,872

Year by year

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

QLD 28th cheapest of 95 funds

UYM 32nd cheapest of 95 funds

QLD vs UYM Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
QLD 0.16%
UYM 1.06%, better
Payout (12M)
QLD $0.12
UYM $0.33
Last payment
QLD $0.03
UYM $0.09
Ex-dividend
QLD Sep 23, 2026
UYM Sep 23, 2026
Paid on
QLD Sep 29, 2026
UYM Sep 29, 2026
Frequency
QLD Quarterly
UYM 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
UYMQuarterly · 36 paymentsAll UYM payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0058; Jun 21, 2017 $0.02; Sep 27, 2017 $0.02; Dec 26, 2017 $0.03; Mar 21, 2018 $0.02; Jun 20, 2018 $0.02; Sep 26, 2018 $0.02; Dec 26, 2018 $0.05; Mar 20, 2019 $0.04; Jun 25, 2019 $0.06; Sep 25, 2019 $0.05; Dec 24, 2019 $0.05; Mar 25, 2020 $0.03; Jun 24, 2020 $0.02; Sep 23, 2020 $0.02; Dec 23, 2020 $0.03; Mar 23, 2021 $0.02; Jun 22, 2021 $0.04; Sep 22, 2021 $0.03; Dec 23, 2021 $0.06; Mar 23, 2022 $0.03; Jun 22, 2022 $0.07; Sep 21, 2022 $0.01; Dec 22, 2022 $0.07; Dec 20, 2023 $0.07; Mar 20, 2024 $0.03; Jun 26, 2024 $0.06; Sep 25, 2024 $0.05; Dec 23, 2024 $0.08; Mar 26, 2025 $0.06; Jun 25, 2025 $0.09; Sep 24, 2025 $0.10; Dec 24, 2025 $0.11; Mar 25, 2026 $0.07; Jun 24, 2026 $0.06; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$0.102017202020232026YTD

QLD vs UYM Risk

Fall from peak · 5 years

  • QLD
  • UYM
Nov 9, 2021 to Nov 9, 2026. Worst fall: QLD −63.7% · Dec 2022. Use the arrow keys to read each point.−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
QLD 36.7%UYM 33.6%, better
Return per unit of riskSharpe ratio, 3 years
QLD 1.04, betterUYM 0.52
Worst fallMax drawdown, 5 years
QLD −63.7%UYM −48.2%, better
Market sensitivityBeta, 5 years
QLD 2.48UYM 1.36

QLD and UYM in the news

All news⁠

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