ProShares UltraShort QQQ (QID) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QID. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QID
QID charges 0.95% annually. There are 100 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 44.22M | Mar 2026 | QID vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 49.31M | Sep 2021 | QID vs IFED | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 257.66M | May 2014 | QID vs SPUU | |
| Leverage Shares 2X Long CBRS Daily ETF | 0.75% | 72.66M | May 2026 | QID vs CBRG | |
| Leverage Shares 2X Long NBIS Daily ETF | 0.75% | 117.50M | Oct 2025 | QID vs NBIG |
Best Risk-Adjusted Alternatives to QID
QID has a PortfoliosLab risk / return rank of 1. There are 245 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 99 | 6.16B | Oct 2024 | QID vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 923.53M | Nov 2024 | QID vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.82M | Apr 2021 | QID vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.50M | Apr 2021 | QID vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 97 | 509.42M | Feb 2025 | QID vs INTW |
Top Performing QID Alternatives (YTD)
QID is at -28.70% YTD. There are 248 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 770.75%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 770.75% | 162.40M | Feb 2025 | QID vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 642.75% | 6.16B | Oct 2024 | QID vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 619.42% | 923.53M | Nov 2024 | QID vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 464.60% | 101.49M | Nov 2025 | QID vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 463.06% | 509.42M | Feb 2025 | QID vs INTW |
Lowest Volatility Alternatives to QID
QID has 36.93% 1-year volatility. There are 63 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.76% | 22.82M | Apr 2021 | QID vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.17% | 20.50M | Apr 2021 | QID vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.36% | 13.45M | Jul 2021 | QID vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 10.35% | 20.95M | Jul 2021 | QID vs QTJL | |
| Innovator US Equity Accelerated ETF | 10.53% | 69.49M | Apr 2021 | QID vs XDSQ |
Lowest Drawdown Alternatives to QID
QID has a 1-year max drawdown of -44.65%. There are 129 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.82M | Apr 2021 | QID vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.49% | 20.50M | Apr 2021 | QID vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.45M | Jul 2021 | QID vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -6.68% | 20.95M | Jul 2021 | QID vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.49M | Apr 2021 | QID vs XDSQ |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 46.69% | 37.04B | Feb 2010 | QID vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 55 | 33.19% | 14.15B | Jun 2006 | QID vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.18% | 1.45B | Oct 2021 | QID vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 53 | 26.83% | 5.47B | Jun 2009 | QID vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 56 | 19.14% | 8.13B | Jun 2006 | QID vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 78 | 85.14% | 2.97B | Jan 2007 | QID vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 33 | 10.28% | 11.63B | Oct 2013 | QID vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -43.51% | 2.09B | Feb 2010 | QID vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 59 | 15.80% | 410.75M | Mar 2024 | QID vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -35.49% | 216.19M | Oct 2011 | QID vs UVXY |
Often Compared With QID
Investors most often compare QID with PSQ, QQQ, RWM. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare QID with Any Fund or Stock
Compare QID with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QID with funds that move differently
ProShares UltraShort QQQ alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QID.
Explore QID Diversifiers