QLDProShares Ultra QQQ
Seeks daily investment results that correspond to 2x the daily performance of the Nasdaq-100 Index.
By ProShares · Launched 2006
0.95%
#4,695 of 5,573 · expensive
$14.5B
#196 of 5,573 · large
+81.0%
20 years
#326 of 5,573 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 43.9% of fundmoderately concentrated
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results that correspond to 2x the daily performance of the Nasdaq-100 Index.
- Strategy
- Invests primarily in financial instruments to achieve 2x daily leveraged exposure to the Nasdaq-100 Index, which includes 100 of the largest non-financial companies listed on Nasdaq. Uses derivatives like swaps and futures to gain this exposure, rebalancing daily to maintain the target leverage.
- Inception date
- June 19, 2006
- Fund family
- ProShares
Similar funds
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-20