- ISIN
- US74347R2067
- CUSIP
- 74347R206
- Issuer
- ProShares
- Inception Date
- Jun 21, 2006
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- NASDAQ-100 Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $14B
Share Price Chart
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Performance
QLD Performance Chart
ProShares Ultra QQQ (QLD) is up 35.6% since the beginning of the year. QLD is currently trading at $95 per share. Investors who bought $1,000 worth of QLD shares 5 years ago would now be looking at an investment worth $2,838.
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Returns By Period
ProShares Ultra QQQ (QLD) has returned 35.61% so far this year and 73.00% over the past 12 months. Looking at the last ten years, QLD has achieved an annualized return of 36.29%, outperforming the S&P 500 Index benchmark, which averaged 13.75% per year.
ProShares Ultra QQQ
- 1D
- -3.75%
- 1M
- 4.87%
- YTD
- 35.61%
- 6M
- 36.64%
- 1Y
- 73.00%
- 3Y*
- 44.47%
- 5Y*
- 23.20%
- 10Y*
- 36.29%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
QLD Monthly Returns History
Based on dividend-adjusted daily data since Jun 21, 2006, QLD's average daily return is +0.13%, while the average monthly return is +2.52%. At this rate, an investment would double in approximately 2.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +32.9%, while the worst month was Oct 2008 at -33.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, QLD closed higher 56% of trading days. The best single day was Oct 13, 2008 with a return of +24.6%, while the worst single day was Mar 16, 2020 at -24.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.85% | -5.19% | -10.26% | 32.87% | 21.48% | -3.05% | 35.61% | ||||||
| 2025 | 3.48% | -6.00% | -15.56% | -0.34% | 18.23% | 12.52% | 4.30% | 1.18% | 10.48% | 8.95% | -3.92% | -1.92% | 30.36% |
| 2024 | 2.89% | 10.03% | 1.74% | -9.33% | 12.36% | 12.11% | -4.31% | 1.09% | 4.35% | -2.40% | 10.10% | 0.08% | 42.82% |
| 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% |
Benchmark Metrics
ProShares Ultra QQQ has an annualized alpha of 10.35%, beta of 2.08, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since June 21, 2006.
- This ETF captured 311.72% of S&P 500 Index gains and 172.93% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 10.35% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 2.08 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 10.35%
- Beta
- 2.08
- R²
- 0.85
- Upside Capture
- 311.72%
- Downside Capture
- 172.93%
Expense Ratio
QLD has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
QLD ranks 62 for risk / return — better than 62% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QLD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.71 | +0.21 |
| Martin ratioReturn relative to average drawdown | 9.94 | 12.15 | -2.21 |
Dividends
Dividend History
ProShares Ultra QQQ provided a 0.12% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.12 | $0.14 | $0.13 | $0.05 | $0.00 | $0.00 | $0.02 | $0.01 | $0.00 | $0.01 | $0.01 |
Dividend yield | 0.12% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.14 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.04 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 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 |
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.
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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 5.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -83.13%Mar 2009 | 1y 4mo | 3y 11d | 4y 4moNov 2007 - Mar 2012 |
Bear market2022 | -63.68%Dec 2022 | 1y 1mo | 1y 4mo | 2y 6moNov 2021 - May 2024 |
COVID crash2020 | -51.72%Mar 2020 | 29d | 3mo 13d | 4mo 12dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -42.46%Dec 2018 | 3mo 26d | 6mo 18d | 10mo 14dAug 2018 - Jul 2019 |
2025 selloff2025 | -42.29%Apr 2025 | 3mo 22d | 3mo 10d | 7mo 2dDec 2024 - Jul 2025 |
Drawdown Indicators
| QLD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -56.78% | -26.35% |
Max Drawdown (1Y)Largest decline over 1 year | -25.13% | -9.10% | -16.03% |
Max Drawdown (3Y)Largest decline over 3 years | -42.29% | -18.90% | -23.39% |
Max Drawdown (5Y)Largest decline over 5 years | -63.68% | -25.43% | -38.25% |
Max Drawdown (10Y)Largest decline over 10 years | -63.68% | -33.92% | -29.76% |
Current DrawdownCurrent decline from peak | -5.04% | -1.29% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -18.15% | -10.72% | -7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 2.02% | +5.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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