- ISIN
- US74349Y6968
- CUSIP
- 74349Y696
- Issuer
- ProShares
- Inception Date
- Jun 10, 2025
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Nasdaq-100 Mega Index (200%)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mega-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $28M
Highlights
- Avg. Volume (1M)
- 3K
- Avg. Volume Value (1M)
- $145.63K
Share Price Chart
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Performance
QQUP Performance Chart
ProShares Ultra QQQ Mega (QQUP) is up 4.8% since the beginning of the year. QQUP is currently trading at $60 per share.
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Returns By Period
ProShares Ultra QQQ Mega (QQUP) has returned 4.80% so far this year and 30.22% over the past 12 months.
ProShares Ultra QQQ Mega
- 1D
- 5.18%
- 1M
- 5.80%
- 6M
- 8.22%
- YTD
- 4.80%
- 1Y
- 30.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 44.94%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
QQUP Monthly Returns History
Based on dividend-adjusted daily data since Jun 12, 2025, QQUP's average daily return is +0.18%, while the average monthly return is +3.92%. At this rate, an investment would double in approximately 1.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2026 with a return of +37.0%, while the worst month was Jun 2026 at -17.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, QQUP closed higher 57% of trading days. The best single day was Mar 31, 2026 with a return of +8.6%, while the worst single day was Jul 23, 2026 at -7.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.16% | -12.84% | -9.29% | 36.95% | 13.80% | -17.93% | 7.02% | 4.80% | |||||
| 2025 | 10.58% | 12.08% | 1.41% | 14.01% | 11.27% | -2.35% | -6.66% | 45.33% |
Benchmark Metrics
ProShares Ultra QQQ Mega has an annualized alpha of -10.54%, beta of 2.82, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since June 12, 2025.
- This ETF captured 447.02% of S&P 500 Index gains and 399.98% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -10.54% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.82 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -10.54%
- Beta
- 2.82
- R²
- 0.74
- Upside Capture
- 447.02%
- Downside Capture
- 399.98%
Expense Ratio
QQUP has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
QQUP ranks 24 for risk / return — above 24% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ProShares Ultra QQQ Mega (QQUP) 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.
| QQUP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.00 | -1.39 |
| Martin ratioReturn relative to average drawdown | 1.55 | 8.49 | -6.94 |
Dividends
Dividend History
ProShares Ultra QQQ Mega provided a 0.63% dividend yield over the last twelve months, with an annual payout of $0.38 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.38 | $0.16 |
Dividend yield | 0.63% | 0.29% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra QQQ Mega. 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 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.21 | |||||
| 2025 | $0.07 | $0.00 | $0.00 | $0.09 | $0.16 |
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 Mega. 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 Mega was 37.67%, occurring on Mar 30, 2026. Recovery took 27 trading sessions.
The current ProShares Ultra QQQ Mega drawdown is 14.34%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-37.67%Mar 2026 | 5mo 1d | 1mo 8d | 6mo 9dOct 2025 - May 2026 | — |
-26.83%Jun 2026 | 1mo 11d | — | 2mo 20dMay 2026 - now | — |
-8.16%Aug 2025 | 6d | 18d | 24dAug 2025 - Sep 2025 | — |
-7.18%Oct 2025 | 1d | 14d | 14dOct 2025 - Oct 2025 | — |
-5.63%Aug 2025 | 1d | 5d | 5dAug 2025 - Aug 2025 | — |
Drawdown Indicators
| QQUP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -56.78% | +19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -37.67% | -9.10% | -28.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -14.34% | -1.58% | -12.76% |
Average DrawdownAverage peak-to-trough decline | -10.32% | -10.70% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.78% | 2.14% | +12.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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