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
The ProShares Ultra QQQ 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
Popular comparisons: QLD vs. QQQ, QLD vs. TQQQ, QLD vs. SSO, QLD vs. UPRO, QLD vs. ROM, QLD vs. FNGS, QLD vs. CURE, QLD vs. QQQM, 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 15.18% year-to-date (YTD) and 86.36% in the last 12 months. Over the past 10 years, ProShares Ultra QQQ had an annualized return of 30.64%, outperforming the S&P 500 benchmark which had an annualized return of 10.89%.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 15.18% | 10.16% |
1 month | 2.32% | 3.47% |
6 months | 47.87% | 22.20% |
1 year | 86.36% | 30.45% |
5 years (annualized) | 31.50% | 13.16% |
10 years (annualized) | 30.64% | 10.89% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 2.89% | 10.03% | ||||||||||
2023 | -3.98% | -10.21% | -4.94% | 21.78% | 10.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
This table presents risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
ProShares Ultra QQQ | 2.90 | ||||
S&P 500 | 2.79 |
Dividends
Dividend History
ProShares Ultra QQQ granted a 0.35% dividend yield in the last twelve months. The annual payout for that period amounted to $0.31 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.31 | $0.25 | $0.11 | $0.00 | $0.00 | $0.04 | $0.01 | $0.00 | $0.10 | $0.01 | $0.02 | $0.01 |
Dividend yield | 0.35% | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | ||||||||||
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
2013 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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 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 4.60%.
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 | — | — | — |
-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 8.78%, 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.