QLD vs XCOM

QLDAProShares Ultra QQQ

XCOMCCorgi All Commodities 2x Daily 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.

XCOM Geared commodity exposure in a category dominated by leveraged stock-index trades: XCOM aims for about two times the daily move of a commodity basket, at 0.45% a year, well under the typical leveraged-ETF fee.

Stated mandate

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

XCOM The Fund seeks daily investment results, before fees and expenses, corresponding to approximately two times the daily performance of its commodity-related underlying exposure. The trust describes this as a single-day objective pursued through leveraged instruments.

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.

• XCOM 0.45% a year is less than half the going rate for leveraged funds, where the top-scoring names (DDM, QLD, ROM) all sit north of 0.90%.
• Commodities, not another 2x tech or Dow bet. Its peer leaderboard is stacked with geared equity-sector funds, so a broad commodity basket is a genuinely different flavor of leverage.
• Registered as a 1940 Act fund rather than a commodity partnership, so shareholders get standard fund reporting instead of partnership paperwork.

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.

• XCOM The 2x objective resets every day. Hold longer than a day and your result reflects compounding, which choppy commodity markets can grind against even if the index ends up where it started.
• A 2026 launch, arriving small next to geared funds that have traded through multiple cycles. Younger, lighter-traded funds can carry wider spreads.
• The filings describe the commodity exposure at a high level. Read the current prospectus for the exact index, instruments and rebalance mechanics before sizing a position.

Full QLD profile⁠

Full XCOM profile⁠