ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)
QQQA is a passive ETF by ProShares tracking the investment results of the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. QQQA launched on May 18, 2021 and has a 0.58% expense ratio.
ETF Info
| ISIN | US74347G6715 |
|---|---|
| CUSIP | 74347G671 |
| Issuer | ProShares |
| Inception Date | May 18, 2021 |
| Region | North America (U.S.) |
| Category | Large Cap Growth Equities |
| Index Tracked | NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross |
| Home Page | www.proshares.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
QQQA has a high expense ratio of 0.58%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Nasdaq-100 Dorsey Wright Momentum ETF, 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 Nasdaq-100 Dorsey Wright Momentum ETF had a return of 11.96% year-to-date (YTD) and 38.91% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 11.96% | 11.29% |
| 1 month | 5.96% | 4.87% |
| 6 months | 21.76% | 17.88% |
| 1 year | 38.91% | 29.16% |
| 5 years (annualized) | N/A | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of QQQA, 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 | 2.93% | 7.08% | 0.21% | -6.36% | 11.96% | ||||||||
| 2023 | 4.72% | -5.08% | 3.28% | -1.38% | 5.20% | 5.90% | 3.66% | -3.14% | -5.54% | -2.66% | 15.06% | 4.33% | 24.98% |
| 2022 | -12.55% | -2.47% | 8.89% | -13.33% | -4.71% | -7.56% | 6.80% | -2.18% | -8.75% | 4.74% | 6.77% | -6.17% | -29.08% |
| 2021 | 2.25% | 2.23% | 2.41% | 3.00% | -5.50% | 6.95% | -3.80% | 1.13% | 8.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QQQA is 70, 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.
QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares Nasdaq-100 Dorsey Wright Momentum ETF granted a 0.28% dividend yield in the last twelve months. The annual payout for that period amounted to $0.12 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.12 | $0.13 | $0.09 | $0.05 |
Dividend yield | 0.28% | 0.34% | 0.28% | 0.10% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Nasdaq-100 Dorsey Wright Momentum ETF. 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 | $0.02 | $0.00 | $0.00 | $0.02 | |||||||
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.09 |
| 2021 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.05 |
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 Nasdaq-100 Dorsey Wright Momentum ETF. 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 Nasdaq-100 Dorsey Wright Momentum ETF was 38.44%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current ProShares Nasdaq-100 Dorsey Wright Momentum ETF drawdown is 6.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.44% | Nov 22, 2021 | 226 | Oct 14, 2022 | — | — | — |
| -9.31% | Sep 17, 2021 | 12 | Oct 4, 2021 | 20 | Nov 1, 2021 | 32 |
| -3.89% | Aug 10, 2021 | 8 | Aug 19, 2021 | 7 | Aug 30, 2021 | 15 |
| -3.7% | Jun 30, 2021 | 12 | Jul 16, 2021 | 4 | Jul 22, 2021 | 16 |
| -2.77% | Jun 15, 2021 | 4 | Jun 18, 2021 | 4 | Jun 24, 2021 | 8 |
Volatility
Volatility Chart
The current ProShares Nasdaq-100 Dorsey Wright Momentum ETF volatility is 6.33%, 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.