ProShares Ultra QQQ (QLD)
QLD is a passive exchange-traded fund (ETF) managed by ProShares. It tracks the investment results of the NASDAQ-100 Index, a market-capitalization-weighted index of the 100 largest non-financial companies listed on the NASDAQ stock exchange. The NASDAQ-100 Index is designed to represent the performance of the technology and biotech sectors and other growth industries.
QLD is designed to provide investors with exposure to the NASDAQ-100 Index with the goal of achieving returns that are 200% of the index's performance. This means that if the NASDAQ-100 Index goes up by 1%, QLD is expected to increase by 2%. Similarly, if the NASDAQ-100 Index goes down by 1%, QLD is expected to drop by 2%.
QLD was launched on June 21, 2006, with a 0.95% expense ratio, which is relatively high compared to other ETFs and mutual funds. It is important to note that investing in leveraged funds can be very risky, as numerous factors can significantly impact the returns of these products. Therefore, QLD may not be suitable for investors with a low-risk tolerance or a buy-and-hold investment strategy.
ETF Info
| ISIN | US74347R2067 |
|---|---|
| CUSIP | 74347R206 |
| Issuer | ProShares |
| Inception Date | Jun 21, 2006 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 2x |
| Index Tracked | NASDAQ-100 Index (200%) |
| Home Page | www.proshares.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
QLD 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: QLD vs. QQQ, QLD vs. TQQQ, QLD vs. SSO, QLD vs. UPRO, QLD vs. ROM, QLD vs. FNGS, QLD vs. QQQM, QLD vs. CURE, QLD vs. SPY, QLD vs. URTH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Ultra 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 Ultra QQQ had a return of 35.76% year-to-date (YTD) and 52.09% in the last 12 months. Over the past 10 years, ProShares Ultra QQQ had an annualized return of 28.55%, outperforming the S&P 500 benchmark which had an annualized return of 11.11%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 35.76% | 23.08% |
| 1 month | 1.40% | 0.48% |
| 6 months | 15.29% | 10.70% |
| 1 year | 52.09% | 30.22% |
| 5 years (annualized) | 30.32% | 13.50% |
| 10 years (annualized) | 28.55% | 11.11% |
Monthly Returns
The table below presents the monthly returns of QLD, 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 | 2.89% | 10.03% | 1.74% | -9.33% | 12.36% | 12.11% | -4.31% | 1.09% | 4.35% | -2.40% | 35.76% | ||
| 2023 | 21.20% | -1.74% | 18.79% | 0.34% | 15.24% | 12.32% | 7.22% | -3.98% | -10.21% | -4.94% | 21.78% | 10.72% | 117.72% |
| 2022 | -17.20% | -9.55% | 7.87% | -26.03% | -4.76% | -18.28% | 25.62% | -10.86% | -20.94% | 6.60% | 9.77% | -18.08% | -60.52% |
| 2021 | 0.23% | -0.72% | 2.31% | 11.84% | -2.82% | 12.75% | 5.56% | 8.39% | -11.43% | 16.17% | 3.63% | 1.61% | 54.67% |
| 2020 | 5.62% | -11.78% | -21.12% | 30.59% | 12.39% | 12.34% | 14.89% | 22.77% | -12.01% | -6.71% | 22.58% | 9.83% | 88.90% |
| 2019 | 17.83% | 5.62% | 7.62% | 10.84% | -16.46% | 15.35% | 4.31% | -4.71% | 1.36% | 8.44% | 8.04% | 7.61% | 81.69% |
| 2018 | 17.84% | -3.43% | -8.69% | 0.26% | 11.27% | 1.71% | 5.04% | 11.78% | -0.83% | -17.75% | -1.17% | -17.84% | -8.31% |
| 2017 | 10.28% | 8.76% | 3.86% | 5.32% | 7.62% | -5.14% | 8.20% | 3.57% | -0.62% | 9.12% | 3.71% | 0.89% | 70.34% |
| 2016 | -14.09% | -3.62% | 14.82% | -6.56% | 8.67% | -4.99% | 14.60% | 1.91% | 4.13% | -3.06% | 0.57% | 2.14% | 11.08% |
| 2015 | -4.35% | 14.73% | -4.95% | 3.58% | 4.43% | -5.12% | 8.91% | -14.01% | -5.05% | 23.81% | 0.96% | -3.57% | 14.74% |
| 2014 | -4.08% | 10.26% | -5.59% | -1.09% | 8.99% | 6.23% | 2.09% | 10.15% | -1.68% | 4.73% | 9.19% | -4.83% | 37.59% |
| 2013 | 5.31% | 0.48% | 6.08% | 4.66% | 7.11% | -5.17% | 13.05% | -1.04% | 9.56% | 10.06% | 6.91% | 5.82% | 82.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QLD is 51, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares Ultra QQQ provided a 0.28% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.25 | $0.11 | $0.00 | $0.00 | $0.04 | $0.01 | $0.00 | $0.10 | $0.01 | $0.02 | $0.01 |
Dividend yield | 0.28% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra 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 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.21 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.08 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.04 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2017 | $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 |
| 2016 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.10 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 |
| 2013 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra 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 Ultra QQQ was 83.13%, occurring on Mar 9, 2009. Recovery took 764 trading sessions.
The current ProShares Ultra QQQ drawdown is 6.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.13% | Nov 1, 2007 | 339 | Mar 9, 2009 | 764 | Mar 19, 2012 | 1103 |
| -63.68% | Nov 22, 2021 | 277 | Dec 28, 2022 | 353 | May 24, 2024 | 630 |
| -51.72% | Feb 20, 2020 | 22 | Mar 20, 2020 | 71 | Jul 1, 2020 | 93 |
| -42.46% | Aug 30, 2018 | 80 | Dec 24, 2018 | 135 | Jul 10, 2019 | 215 |
| -30.74% | Nov 5, 2015 | 65 | Feb 9, 2016 | 120 | Aug 1, 2016 | 185 |
Volatility
Volatility Chart
The current ProShares Ultra QQQ volatility is 11.27%, 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.