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QQUP vs UYG

ProShares Ultra QQQ Mega

QQUPCNasdaq

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

UYG −0.02pt a year

QQUP0.95%UYG0.93%

Avg volume · 30D

UYG 6.0×the volume

QQUP2.9KUYG17.3K

QQUP vs UYG Performance

Oct 31, 2025 – Oct 30, 2026

−7.0%QQUP+11.5%UYG

Oct 31, 2025 to Oct 30, 2026. QQUP −7.0%. UYG +11.5%. Use the arrow keys to read each point.−30%−20%0%20%Oct 2025Apr 2026Oct 2026
Expense ratio
QQUP 0.95%
UYG 0.93%, better
Fund size
QQUP $23M
UYG $777M
1Y total return
QQUP −7.0%
UYG +11.5%, better
Yield (12M)
QQUP 0.66%
UYG 11.13%, better
Holdings
QQUP 9
UYG 83
Avg volume (30D)
QQUP 2.9K sh
UYG 17.3K sh, better
NAV per share
QQUP $58.28
UYG $93.27
52W range

ETF.net Grade

QQUP: Cost 51, Risk 47, Mission not scored, Tradability 58, Holdings not scored, Durability 59. UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80.
Pillar letters and Scores for QQUP, UYG, with each pillar’s weight
PillarQQUPUYG
Cost30% weightC51A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC47A76Higher
Tradability15% weightB58A78Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB59A80Higher

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. QQUP and UYG 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 ›

UYG ranks 2nd and QQUP 25th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 24CQQXLProShares Ultra QQQ Top 30Score 53
  5. Rank 25CQQUPProShares Ultra QQQ MegaScore 52
  6. Rank 25CUGLProShares Ultra GoldScore 52

Our read on each fund

ETF.net Research

QQUPCProShares Ultra QQQ Mega

UYGAProShares Ultra Financials

In short

QQUP Most 2x Nasdaq funds own all 100 names. QQUP targets twice the daily move of only the mega-cap top slice, with membership set by index rules rather than a frozen Mag 7 list.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

Stated mandate

QQUP The fund targets two times the daily returns of the Nasdaq-100 Mega Index.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

Why people hold it

  • QQUP ProShares calls it the first and only ETF targeting 2x the daily move of the Nasdaq-100 Mega Index, a basket covering roughly the top 45% of the Nasdaq-100.proshares.com
  • Membership is rules-based: annual December reconstitution plus rank checks in March, June and September, so the mega-cap leaderboard rotates as it changes.nasdaq.com
  • Fee is 0.95% net of a waiver through September 30, 2027 (1.22% gross), near the median for leveraged bull funds.
  • UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
  • At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
  • The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
  • Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

Worth knowing

  • QQUP The 2x target applies to a single day. Over longer holds, daily compounding can push returns meaningfully above or below 2x the index, as the prospectus spells out.proshares.com
  • A narrow mega-cap basket, doubled. One name's bad week lands harder here than in a 2x fund spread across all 100 Nasdaq-100 members.proshares.comnasdaq.com
  • Launched in 2025, it stays small and lightly traded next to veterans like QLD, which runs 0.89% net of a waiver through September 30, 2027.
  • UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
  • One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
  • It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full QQUP profile⁠

Full UYG profile⁠

QQUP vs UYG 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.

QQUP vs UYG Cost

Overpaying QQUP vs UYG

$330

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

  • QQUP 0.95%

    $17,869

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • QQUP 0.95%
  • UYG 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QQUP $17,869UYG $17,539

Year by year

YearQQUPUYGOverpaying
10$1,678$1,644$34
20$6,322$6,199$123
30$17,869$17,539$330

Expense ratio

  • 0.95%QQUP
  • 0.93%UYG, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

QQUP 32nd cheapest of 95 funds

QQUP vs UYG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQUP 0.66%
UYG 11.13%, better
Payout (12M)
QQUP $0.39
UYG $10.38
Last payment
QQUP $0.08
UYG $0.09
Ex-dividend
QQUP Sep 23, 2026
UYG Sep 23, 2026
Paid on
QQUP Sep 29, 2026
UYG Sep 29, 2026
Frequency
QQUP Quarterly
UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQUPQuarterly · 5 paymentsAll QQUP payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Sep 24, 2025 $0.07; Dec 24, 2025 $0.09; Mar 25, 2026 $0.11; Jun 24, 2026 $0.10; Sep 23, 2026 $0.08. Use the arrow keys to read each point.$0$102017202020232026YTD
UYGQuarterly · 39 paymentsAll UYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.07; Dec 26, 2017 $0.12; Mar 21, 2018 $0.05; Jun 20, 2018 $0.08; Sep 26, 2018 $0.11; Dec 26, 2018 $0.18; Mar 20, 2019 $0.08; Jun 25, 2019 $0.09; Sep 25, 2019 $0.14; Dec 24, 2019 $0.17; Mar 25, 2020 $0.12; Jun 24, 2020 $0.05; Sep 23, 2020 $0.03; Dec 23, 2020 $0.08; Mar 23, 2021 $0.03; Jun 22, 2021 $0.02; Sep 22, 2021 $0.03; Dec 23, 2021 $3.19; Mar 23, 2022 $0.04; Jun 22, 2022 $0.04; Sep 21, 2022 $0.06; Dec 22, 2022 $0.20; Mar 22, 2023 $0.09; Jun 21, 2023 $0.11; Sep 20, 2023 $0.09; Dec 20, 2023 $0.15; Mar 20, 2024 $0.04; Jun 26, 2024 $0.11; Sep 25, 2024 $0.09; Dec 23, 2024 $0.20; Mar 26, 2025 $0.27; Jun 25, 2025 $0.13; Sep 24, 2025 $0.38; Dec 24, 2025 $9.97; Mar 25, 2026 $0.20; Jun 24, 2026 $0.11; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$102017202020232026YTD

QQUP vs UYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQUP 46.7%since Jul 2025UYG 30.5%
Return per unit of riskSharpe ratio, 3 years
QQUP 0.60since Jul 2025UYG 1.04
Worst fallMax drawdown, 5 years
QQUP −37.7%since Jun 2025UYG −47.8%
Market sensitivityBeta, 5 years
QQUP 3.46UYG 1.58

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