ProShares UltraShort QQQ Mega (QQDN) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QQDN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QQDN
QQDN charges 0.95% annually. There are 7 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 233.44M | Jun 2016 | QQDN vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 34.08M | Mar 2024 | QQDN vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | QQDN vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 41.67M | Nov 2021 | QQDN vs SARK | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | QQDN vs SKRE |
Best Risk-Adjusted Alternatives to QQDN
QQDN has a PortfoliosLab risk / return rank of 2. There are 36 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 60.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 60 | 5.10M | Oct 2024 | QQDN vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 60 | 96.16M | Sep 2024 | QQDN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 53 | 30.06M | Aug 2024 | QQDN vs SMST | |
| YieldMax Short COIN Option Income Strategy ETF | 36 | 35.08M | Jul 2024 | QQDN vs FIAT | |
| Direxion Daily MSFT Bear 1X Shares | 34 | 11.03M | Sep 2022 | QQDN vs MSFD |
Top Performing QQDN Alternatives (YTD)
QQDN is at -11.94% YTD. There are 32 ETFs in the Inverse Equities category with higher YTD returns, going as high as 24.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily PLTR Bear 1X Shares | 24.63% | 40.54M | Dec 2024 | QQDN vs PLTD | |
| Direxion Daily NFLX Bear 1X Shares | 22.86% | 5.10M | Oct 2024 | QQDN vs NFXS | |
| Direxion Daily MSFT Bear 1X Shares | 21.66% | 11.03M | Sep 2022 | QQDN vs MSFD | |
| Defiance Daily Target 2X Short PLTR ETF | 20.05% | 12.08M | Jun 2025 | QQDN vs PLTZ | |
| Direxion Daily ORCL Bear 1X ETF | 18.11% | 11.74M | Nov 2025 | QQDN vs ORCS |
Lowest Volatility Alternatives to QQDN
QQDN has 40.32% 1-year volatility. There are 34 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.36%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Dow30 | 12.36% | 98.54M | Jun 2006 | QQDN vs DOG | |
| ProShares Short S&P500 | 12.47% | 869.15M | Jun 2006 | QQDN vs SH | |
| Direxion Daily BRKB Bear 1X Shares | 12.50% | 2.34M | Dec 2024 | QQDN vs BRKD | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.67% | 233.44M | Jun 2016 | QQDN vs SPDN | |
| YieldMax Short N100 Option Income Strategy ETF | 13.82% | 14.88M | Aug 2024 | QQDN vs YQQQ |
Lowest Drawdown Alternatives to QQDN
QQDN has a 1-year max drawdown of -43.68%. There are 33 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | QQDN vs BRKD | |
| ProShares Short FTSE China 50 | -12.04% | 4.73M | Mar 2010 | QQDN vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 3.01M | Nov 2017 | QQDN vs EMTY | |
| ProShares Short Financials | -14.12% | 13.41M | Jun 2008 | QQDN vs SEF | |
| ProShares Short Dow30 | -15.02% | 98.54M | Jun 2006 | QQDN vs DOG |
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 | QQDN vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 55 | 33.19% | 14.15B | Jun 2006 | QQDN vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.18% | 1.45B | Oct 2021 | QQDN vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 53 | 26.83% | 5.47B | Jun 2009 | QQDN vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 56 | 19.14% | 8.13B | Jun 2006 | QQDN vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 78 | 85.14% | 2.97B | Jan 2007 | QQDN vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 33 | 10.28% | 11.63B | Oct 2013 | QQDN vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -43.51% | 2.09B | Feb 2010 | QQDN vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 59 | 15.80% | 410.75M | Mar 2024 | QQDN vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -35.49% | 216.19M | Oct 2011 | QQDN vs UVXY |
Often Compared With QQDN
Investors most often compare QQDN with BITU, SVIX, CARD. These 13 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare QQDN with Any Fund or Stock
Compare QQDN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QQDN with funds that move differently
ProShares UltraShort QQQ Mega alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QQDN.
Explore QQDN Diversifiers