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ProShares Ultra QQQ (QLD) Alternatives

ETF · Currency in USD · Last updated Jul 14, 2026

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.

ProShares Ultra QQQ (QLD) 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 QLD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QLD

QLD charges 0.95% annually. There are 100 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.

SymbolNameExpense RatioAUMInception
NTSD
WisdomTree Efficient U.S. Plus International Equit...0.35%44.22MMar 2026QLD vs NTSD
IFED
ETRACS IFED Invest with the Fed TR Index ETN0.45%49.31MSep 2021QLD vs IFED
SPUU
Direxion Daily S&P 500 Bull 2X ETF0.60%257.66MMay 2014QLD vs SPUU
NEMG
Leverage Shares 2x Long NEM Daily ETF0.75%1.12MNov 2025QLD vs NEMG
CIFG
Leverage Shares 2X Long CIFR Daily ETF0.75%5.12MDec 2025QLD vs CIFG

Best Risk-Adjusted Alternatives to QLD

QLD has a PortfoliosLab risk / return rank of 50. There are 56 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 99.

SymbolNameRisk / Return RankAUMInception
MUU
Direxion Daily MU Bull 2X Shares
99
6.16BOct 2024QLD vs MUU
MULL
GraniteShares 2x Long MU Daily ETF
98
923.53MNov 2024QLD vs MULL
XTAP
Innovator U.S. Equity Accelerated Plus ETF
98
22.82MApr 2021QLD vs XTAP
QTAP
Innovator Growth Accelerated Plus ETF - April
97
20.50MApr 2021QLD vs QTAP
INTW
GraniteShares 2x Long INTC Daily ETF
96
509.42MFeb 2025QLD vs INTW

Top Performing QLD Alternatives (YTD)

QLD is at 28.12% YTD. There are 81 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 738.32%.

SymbolNameYTD ReturnAUMInception
DLLL
GraniteShares 2x Long DELL Daily ETF
738.32%
162.40MFeb 2025QLD vs DLLL
MUU
Direxion Daily MU Bull 2X Shares
575.80%
6.16BOct 2024QLD vs MUU
MULL
GraniteShares 2x Long MU Daily ETF
555.59%
923.53MNov 2024QLD vs MULL
LINT
Direxion Daily INTC Bull 2X Shares
395.01%
101.49MNov 2025QLD vs LINT
INTW
GraniteShares 2x Long INTC Daily ETF
394.65%
509.42MFeb 2025QLD vs INTW

Lowest Volatility Alternatives to QLD

QLD has 37.07% 1-year volatility. There are 61 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.77%.

SymbolNameVolatility 1YAUMInception
XTAP
Innovator U.S. Equity Accelerated Plus ETF4.77%22.82MApr 2021QLD vs XTAP
QTAP
Innovator Growth Accelerated Plus ETF - April6.21%20.50MApr 2021QLD vs QTAP
XTJL
Innovator U.S. Equity Accelerated Plus ETF - July7.40%13.45MJul 2021QLD vs XTJL
QTJL
Innovator Growth Accelerated Plus ETF - July10.50%20.95MJul 2021QLD vs QTJL
XDSQ
Innovator US Equity Accelerated ETF10.55%69.49MApr 2021QLD vs XDSQ

Lowest Drawdown Alternatives to QLD

QLD has a 1-year max drawdown of -25.13%. There are 40 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.

SymbolNameMax Drawdown 1YAUMInception
XTAP
Innovator U.S. Equity Accelerated Plus ETF
-1.72%
22.82MApr 2021QLD vs XTAP
QTAP
Innovator Growth Accelerated Plus ETF - April
-2.49%
20.50MApr 2021QLD vs QTAP
XTJL
Innovator U.S. Equity Accelerated Plus ETF - July
-5.12%
13.45MJul 2021QLD vs XTJL
QTJL
Innovator Growth Accelerated Plus ETF - July
-6.68%
20.95MJul 2021QLD vs QTJL
XDSQ
Innovator US Equity Accelerated ETF
-9.60%
69.49MApr 2021QLD vs XDSQ

Other ETFs from ProShares

The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, UPRO and span 11 categories. AUM among these funds goes as high as $37B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
TQQQ
ProShares UltraPro QQQLeveraged Equities
48
38.33%
37.04BFeb 2010QLD vs TQQQ
BITO
ProShares Bitcoin Strategy ETFCryptocurrency
1
-30.09%
1.45BOct 2021QLD vs BITO
UPRO
ProShares UltraPro S&P 500Leveraged Equities, S&P 500
52
23.85%
5.47BJun 2009QLD vs UPRO
SSO
ProShares Ultra S&P500Leveraged Equities, S&P 500
54
17.32%
8.13BJun 2006QLD vs SSO
USD
ProShares Ultra SemiconductorsLeveraged Equities, Semiconductors
70
70.32%
2.97BJan 2007QLD vs USD
NOBL
ProShares S&P 500 Dividend Aristocrats ETFDividend, S&P 500, Large Cap Value Equities
37
10.60%
11.63BOct 2013QLD vs NOBL
SQQQ
ProShares UltraPro Short QQQLeveraged Equities, Inverse Equities, Nasdaq-100
1
-40.27%
2.09BFeb 2010QLD vs SQQQ
IQQQ
ProShares Nasdaq-100 High Income ETFNasdaq-100, Derivative Income, Dividend
54
13.67%
410.75MMar 2024QLD vs IQQQ
UVXY
ProShares Ultra VIX Short-Term Futures ETFVolatility
2
-32.31%
216.19MOct 2011QLD vs UVXY
BITU
Proshares Ultra Bitcoin ETFCryptocurrency, Leveraged Cryptocurrency
1
-58.86%
362.31MApr 2024QLD vs BITU

Often Compared With QLD

Investors most often compare QLD with QQQ, QQQM, VOO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QQQ
Invesco QQQ ETFNasdaq-100
58
16.13%
481.14BMar 1999QLD vs QQQ
QQQM
Invesco NASDAQ 100 ETFNasdaq-100
59
16.16%
100.59BOct 2020QLD vs QQQM
VOO
Vanguard S&P 500 ETFS&P 500
66
10.45%
1.70TSep 2010QLD vs VOO
SPY
State Street SPDR S&P 500 ETFS&P 500
66
10.45%
783.21BJan 1993QLD vs SPY
ROM
ProShares Ultra TechnologyLeveraged Equities
57
48.40%
1.27BJan 2007QLD vs ROM
MAGX
Roundhill Daily 2X Long Magnificent Seven ETFLeveraged Equities
23
-3.80%
57.32MFeb 2024QLD vs MAGX
FNGS
MicroSectors FANG+ ETNLarge Cap Growth Equities
23
10.39%
554.66MNov 2019QLD vs FNGS
JEPQ
JPMorgan Nasdaq Equity Premium Income ETFNasdaq-100, Derivative Income
65
8.49%
40.37BMay 2022QLD vs JEPQ
QQUP
ProShares Ultra QQQ MegaLeveraged Equities
26
2.81%
28.32MJun 2025QLD vs QQUP
FNGO
MicroSectors FANG+ Index 2X Leveraged ETNLeveraged Equities
20
14.63%
687.22MAug 2018QLD vs FNGO
LQQ.PA
Lyxor UCITS NASDAQ-100 Daily LeverageNasdaq-100, Leveraged Equities
91
26,422.33%
—Jun 2006QLD vs LQQ.PA
BRK-B
Berkshire Hathaway Inc.
53
-1.15%
——QLD vs BRK-B
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETFNasdaq-100, Leveraged Equities
46
26.36%
469.81MJun 2008QLD vs QQU.TO
SMH
VanEck Semiconductor ETFSemiconductors, Technology Equities
92
62.61%
73.62BDec 2011QLD vs SMH
SPMO
Invesco S&P 500 Momentum ETFMomentum, S&P 500
62
26.03%
22.01BOct 2015QLD vs SPMO
FNGG
Direxion Daily NYSE FANG+ Bull 2X SharesLeveraged Equities
20
14.01%
125.27MSep 2021QLD vs FNGG
URTH
iShares MSCI World ETFGlobal Equities
63
10.01%
8.14BJan 2012QLD vs URTH
PSQ
ProShares Short QQQInverse Equities
1
-12.96%
630.11MJun 2006QLD vs PSQ
QQQJ
Invesco NASDAQ Next Gen 100 ETFMid Cap Growth Equities
80
21.16%
1.15BOct 2020QLD vs QQQJ
DXQLX
Direxion Monthly NASDAQ-100 Bull 1.75X FundLeveraged Equities
46
28.38%
—May 2006QLD vs DXQLX

Compare QLD with Any Fund or Stock

Compare QLD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair QLD with funds that move differently

ProShares Ultra QQQ alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QLD.

Explore QLD Diversifiers