ProShares UltraPro Short QQQ (SQQQ)
SQQQ, or the ProShares UltraPro Short QQQ ETF, is an exchange-traded fund that aims to provide three times the inverse of the daily performance of the NASDAQ-100 Index. This index is a benchmark for the technology sector, comprising the 100 largest non-financial companies listed on the NASDAQ stock exchange. By investing in SQQQ, investors can gain exposure to a leveraged, inverse position in this index. In other words, the value of SQQQ moves in the opposite direction of the NASDAQ-100 Index, with a three times multiplier.
The fund was launched on February 9, 2010, and is managed by ProShares, a provider of alternative investment products. It has an expense ratio of 0.95%. This expense ratio is higher than some other ETFs and mutual funds. However, SQQQ is still popular among investors looking for a way to hedge against or profit from declines in the technology sector.
It is important to note that investing in leveraged or inverse funds can be very risky, as numerous factors can significantly impact the returns of these products. Therefore, SQQQ may not be suitable for investors with a low-risk tolerance or a buy-and-hold investment strategy.
ETF Info
| ISIN | US74348A1604 |
|---|---|
| CUSIP | 74348A160 |
| Issuer | ProShares |
| Inception Date | Feb 9, 2010 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | NASDAQ-100 Index (-300%) |
| Home Page | www.proshares.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
SQQQ has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SQQQ vs. TQQQ, SQQQ vs. QQQ, SQQQ vs. UVXY, SQQQ vs. SPXU, SQQQ vs. PSQ, SQQQ vs. SPXS, SQQQ vs. QID, SQQQ vs. SOXS, SQQQ vs. TECS, SQQQ vs. PSLV
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares UltraPro Short QQQ, 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 UltraPro Short QQQ had a return of -51.04% year-to-date (YTD) and -61.09% in the last 12 months. Over the past 10 years, ProShares UltraPro Short QQQ had an annualized return of -52.54%, while the S&P 500 had an annualized return of 11.43%, indicating that ProShares UltraPro Short QQQ did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -51.04% | 25.82% |
| 1 month | -11.60% | 3.20% |
| 6 months | -38.51% | 14.94% |
| 1 year | -61.09% | 35.92% |
| 5 years (annualized) | -59.85% | 14.22% |
| 10 years (annualized) | -52.54% | 11.43% |
Monthly Returns
The table below presents the monthly returns of SQQQ, 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 | -4.98% | -14.01% | -3.19% | 14.03% | -16.15% | -15.75% | 3.74% | -4.54% | -9.52% | 2.84% | -51.04% | ||
| 2023 | -27.12% | -0.58% | -24.50% | -1.36% | -20.37% | -16.87% | -10.58% | 4.73% | 17.43% | 6.16% | -26.18% | -14.28% | -73.61% |
| 2022 | 25.86% | 8.96% | -17.33% | 45.62% | -3.51% | 24.37% | -32.31% | 13.96% | 35.10% | -15.36% | -20.27% | 30.60% | 81.96% |
| 2021 | -3.10% | -1.56% | -9.39% | -17.00% | 1.65% | -17.43% | -8.75% | -12.23% | 17.90% | -21.32% | -7.07% | -5.86% | -60.87% |
| 2020 | -9.07% | 14.93% | -16.60% | -40.49% | -18.57% | -19.83% | -21.56% | -27.99% | 11.71% | 4.95% | -29.28% | -14.24% | -86.40% |
| 2019 | -25.24% | -8.22% | -11.32% | -14.45% | 27.70% | -20.34% | -6.86% | 2.90% | -2.96% | -12.67% | -11.13% | -10.83% | -65.92% |
| 2018 | -22.45% | 0.18% | 9.93% | -3.66% | -15.35% | -3.45% | -8.41% | -15.71% | 0.86% | 24.60% | -2.52% | 24.47% | -20.83% |
| 2017 | -14.03% | -12.12% | -5.92% | -7.85% | -11.13% | 6.39% | -11.68% | -6.31% | 0.37% | -12.98% | -5.92% | -1.86% | -58.67% |
| 2016 | 19.46% | 2.42% | -18.97% | 8.98% | -12.80% | 5.07% | -19.18% | -3.35% | -7.28% | 4.04% | -2.37% | -4.05% | -30.13% |
| 2015 | 4.83% | -19.44% | 6.19% | -6.28% | -7.38% | 6.72% | -13.35% | 17.78% | 3.83% | -29.01% | -2.57% | 2.64% | -37.50% |
| 2014 | 4.70% | -14.88% | 7.72% | -1.25% | -12.92% | -9.03% | -4.48% | -14.01% | 1.41% | -9.77% | -12.84% | 5.67% | -48.01% |
| 2013 | -8.51% | -2.10% | -8.87% | -8.73% | -10.23% | 6.12% | -17.41% | 0.17% | -13.27% | -14.92% | -10.30% | -8.95% | -64.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SQQQ is 0, indicating that it is in the bottom 0% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraPro Short QQQ (SQQQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares UltraPro Short QQQ provided a 10.05% dividend yield over the last twelve months, with an annual payout of $3.19 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $3.19 | $5.39 | $0.15 | $0.00 | $8.15 | $81.69 | $123.15 | $15.09 |
Dividend yield | 10.05% | 8.01% | 0.06% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraPro Short 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.82 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $1.77 | |
| 2023 | $0.00 | $0.00 | $1.02 | $0.00 | $0.00 | $1.33 | $0.00 | $0.00 | $1.62 | $0.00 | $0.00 | $1.41 | $5.39 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 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 |
| 2020 | $0.00 | $0.00 | $8.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.15 |
| 2019 | $0.00 | $0.00 | $14.58 | $0.00 | $0.00 | $30.52 | $0.00 | $0.00 | $23.09 | $0.00 | $0.00 | $13.50 | $81.69 |
| 2018 | $0.00 | $0.00 | $17.68 | $0.00 | $0.00 | $20.64 | $0.00 | $0.00 | $33.37 | $0.00 | $0.00 | $51.45 | $123.15 |
| 2017 | $15.09 | $15.09 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraPro Short 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 UltraPro Short QQQ was 100.00%, occurring on Nov 8, 2024. The portfolio has not yet recovered.
The current ProShares UltraPro Short QQQ drawdown is 100.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -100% | Nov 2, 2010 | 3529 | Nov 8, 2024 | — | — | — |
Volatility
Volatility Chart
The current ProShares UltraPro Short QQQ volatility is 15.54%, 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.