ProShares UltraShort QQQ (QID)
QID is a passive ETF by ProShares tracking the investment results of the NASDAQ-100 Index (-200%). QID launched on Jul 11, 2006 and has a 0.95% expense ratio.
ETF Info
| ISIN | US74348A4269 |
|---|---|
| CUSIP | 74347G739 |
| Issuer | ProShares |
| Inception Date | Jul 11, 2006 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 2x |
| Index Tracked | NASDAQ-100 Index (-200%) |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
QID has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: QID vs. SQQQ, QID vs. PSQ, QID vs. UVXY, QID vs. QQQ, QID vs. RWM, QID vs. TZA, QID vs. SPY, QID vs. ONEQ, QID vs. TQQQ, QID vs. VUG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares UltraShort QQQ, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares UltraShort QQQ had a return of -14.33% year-to-date (YTD) and -46.20% in the last 12 months. Over the past 10 years, ProShares UltraShort QQQ had an annualized return of -36.96%, while the S&P 500 had an annualized return of 10.84%, indicating that ProShares UltraShort QQQ did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -14.33% | 10.00% |
| 1 month | -3.08% | 2.41% |
| 6 months | -24.71% | 16.70% |
| 1 year | -46.20% | 26.85% |
| 5 years (annualized) | -41.17% | 12.81% |
| 10 years (annualized) | -36.96% | 10.84% |
Monthly Returns
The table below presents the monthly returns of QID, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.20% | -9.45% | -1.99% | 9.73% | -14.33% | ||||||||
| 2023 | -18.56% | 0.14% | -16.97% | -0.68% | -13.75% | -11.99% | -7.03% | 3.50% | 10.36% | 4.36% | -18.07% | -11.02% | -58.76% |
| 2022 | 17.39% | 6.70% | -10.92% | 29.91% | -1.15% | 16.73% | -22.36% | 9.75% | 23.06% | -9.55% | -12.82% | 20.10% | 66.10% |
| 2021 | -1.80% | -0.90% | -5.46% | -11.56% | 1.51% | -12.02% | -5.77% | -8.23% | 11.76% | -14.69% | -4.58% | -3.69% | -44.93% |
| 2020 | -6.04% | 10.87% | -5.14% | -28.05% | -12.57% | -13.15% | -14.75% | -19.52% | 8.62% | 4.23% | -20.30% | -9.55% | -69.77% |
| 2019 | -17.00% | -5.45% | -7.74% | -9.88% | 18.32% | -14.31% | -4.49% | 2.54% | -2.20% | -8.36% | -7.59% | -7.51% | -50.37% |
| 2018 | -15.38% | 0.79% | 6.78% | -1.97% | -10.33% | -2.43% | -5.43% | -10.78% | 0.27% | 16.93% | -1.11% | 16.51% | -10.97% |
| 2017 | -9.65% | -8.19% | -3.98% | -5.19% | -7.64% | 4.61% | -7.90% | -4.23% | 0.39% | -8.67% | -3.97% | -1.24% | -44.04% |
| 2016 | 13.30% | 1.72% | -12.85% | 6.10% | -8.69% | 3.60% | -12.99% | -2.19% | -4.86% | 2.80% | -1.48% | -2.57% | -19.45% |
| 2015 | 3.22% | -13.18% | 4.18% | -4.15% | -4.81% | 4.55% | -9.04% | 12.38% | 3.03% | -20.15% | -1.59% | 2.10% | -24.75% |
| 2014 | 3.30% | -9.98% | 5.08% | -0.44% | -8.74% | -6.16% | -2.82% | -9.58% | 1.05% | -6.29% | -8.66% | 4.00% | -34.16% |
| 2013 | -5.70% | -1.32% | -6.13% | -5.52% | -7.03% | 4.22% | -11.89% | 0.24% | -9.22% | -9.84% | -6.88% | -6.08% | -49.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QID is 0, indicating that it is in the bottom 0% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
QID (ProShares UltraShort QQQ)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares UltraShort QQQ granted a 2.92% dividend yield in the last twelve months. The annual payout for that period amounted to $1.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.30 | $0.60 | $0.04 | $0.00 | $0.26 | $2.38 | $2.63 | $0.16 |
Dividend yield | 2.92% | 1.13% | 0.03% | 0.00% | 0.18% | 0.51% | 0.28% | 0.01% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraShort QQQ. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.79 | $0.00 | $0.00 | $0.79 | |||||||
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
| 2019 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.42 | $2.38 |
| 2018 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.98 | $2.63 |
| 2017 | $0.16 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraShort QQQ. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares UltraShort QQQ was 99.97%, occurring on Mar 22, 2024. The portfolio has not yet recovered.
The current ProShares UltraShort QQQ drawdown is 99.97%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.97% | Nov 21, 2008 | 3858 | Mar 22, 2024 | — | — | — |
| -55.96% | Jul 24, 2006 | 322 | Oct 31, 2007 | 236 | Oct 8, 2008 | 558 |
| -31.23% | Oct 28, 2008 | 6 | Nov 4, 2008 | 11 | Nov 19, 2008 | 17 |
| -23.22% | Oct 10, 2008 | 2 | Oct 13, 2008 | 9 | Oct 24, 2008 | 11 |
| -3.31% | Jul 17, 2006 | 3 | Jul 19, 2006 | 2 | Jul 21, 2006 | 5 |
Volatility
Volatility Chart
The current ProShares UltraShort QQQ volatility is 9.88%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.