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QQXL vs UYG

ProShares Ultra QQQ Top 30

QQXLCNasdaq

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

UYG −0.03pt a year

QQXL0.96%UYG0.93%

Avg volume · 30D

UYG 8.2×the volume

QQXL2.19KUYG18K

QQXL vs UYG Performance

Nov 7, 2025 – Nov 9, 2026

+8.5%QQXL+14.9%UYG

Nov 7, 2025 to Nov 9, 2026. QQXL +8.5%. UYG +14.9%. Use the arrow keys to read each point.−20%0%40%Nov 2025May 2026Nov 2026
Expense ratio
QQXL 0.96%
UYG 0.93%, better
Fund size
QQXL $4M
UYG $785M
1Y total return
QQXL +8.5%
UYG +14.9%, better
Yield (12M)
QQXL 1.19%
UYG 10.63%, better
Holdings
QQXL 32
UYG 82
Avg volume (30D)
QQXL 2.19K sh
UYG 18K sh, better
NAV per share
QQXL $43.17
UYG $95.07
52W range

ETF.net Grade

QQXL: Cost 51, Risk 52, Mission not scored, Tradability 58, Holdings not scored, Durability 52. UYG: Cost 70, Risk 77, Mission not scored, Tradability 79, Holdings not scored, Durability 80.
Pillar letters and Scores for QQXL, UYG, with each pillar’s weight
PillarQQXLUYG
Cost30% weightC51A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC52A77Higher
Tradability15% weightB58A79Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52A80Higher

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. QQXL 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 QQXL 25th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 76
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 70
  4. Rank 25CQQUPProShares Ultra QQQ MegaScore 52
  5. Rank 25CQQXLProShares Ultra QQQ Top 30Score 52
  6. Rank 27CUCCProShares Ultra Consumer DiscretionaryScore 51

Our read on each fund

ETF.net Research

QQXLCProShares Ultra QQQ Top 30

UYGAProShares Ultra Financials

In short

QQXL The first ETF to aim 2x daily leverage at just the top 30 names of the Nasdaq-100 instead of all 100. Same mega-cap engine as the classic leveraged Nasdaq trade, with the back half of the index left on the cutting room floor.

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

QQXL The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Nasdaq-100 Top 30 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

  • QQXL The first and only ETF targeting 2x the daily move of the Nasdaq-100 Top 30 Index, so the leverage lands on 30 mega caps rather than the full 100.proshares.com
  • Charges 0.96% net of a waiver through September 30, 2027, near the typical 2x fund's fee. Sibling QLD runs 0.89% (also net of a waiver through that date) for the whole index.
  • Run by ProShares, which has managed leveraged Nasdaq-100 funds for years before this one arrived. Distributions are paid quarterly.proshares.com
  • 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

  • QQXL The leverage resets every day. Hold past a single session and compounding takes over, so multi-day results can drift well away from 2x the index, especially in choppy markets.proshares.com
  • That 0.96% is a waived rate. The gross expense ratio is 1.84%, and the waiver is contracted through September 30, 2027.
  • Thirty names, heavy on mega-cap tech, and it only launched in August 2025: a concentrated book, a short record, and lighter trading than the 2x Nasdaq-100 veterans.
  • 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 QQXL profile⁠

Full UYG profile⁠

QQXL 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.

QQXL vs UYG Cost

Overpaying QQXL vs UYG

$495

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

  • QQXL 0.96%

    $18,034

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • QQXL 0.96%
  • 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$20K051015202530QQXL $18,034UYG $17,539

Year by year

YearQQXLUYGOverpaying
10$1,695$1,644$51
20$6,383$6,199$184
30$18,034$17,539$495

Expense ratio

  • 0.96%QQXL
  • 0.93%UYG, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

QQXL 66th cheapest of 95 funds

QQXL vs UYG Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
QQXL 1.19%
UYG 10.63%, better
Payout (12M)
QQXL $0.55
UYG $10.38
Last payment
QQXL $0.12
UYG $0.09
Ex-dividend
QQXL Sep 23, 2026
UYG Sep 23, 2026
Paid on
QQXL Sep 29, 2026
UYG Sep 29, 2026
Frequency
QQXL Quarterly
UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQXLQuarterly · 5 paymentsAll QQXL payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Sep 24, 2025 $0.0026; Dec 24, 2025 $0.03; Mar 25, 2026 $0.24; Jun 24, 2026 $0.16; Sep 23, 2026 $0.12. 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

QQXL vs UYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQXL 51.0%since Sep 2025UYG 30.5%
Return per unit of riskSharpe ratio, 3 years
QQXL 0.58since Sep 2025UYG 1.04
Worst fallMax drawdown, 5 years
QQXL −33.4%since Aug 2025UYG −47.8%
Market sensitivityBeta, 5 years
QQXL 3.56UYG 1.58

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