QQDNProShares UltraShort QQQ Mega
Seeks daily investment results that correspond to -2x the daily performance of the Nasdaq-100 Mega Index.
By ProShares · Launched 2025
0.95%
#4,882 of 5,861 · expensive
$1M
#5,613 of 5,861 · small
-30.5%
1 year
#4,354 of 5,861 · young
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 weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results that correspond to -2x the daily performance of the Nasdaq-100 Mega Index.
- Strategy
- Invests in financial instruments to achieve -2x daily exposure to the Nasdaq-100 Mega Index. Maintains inverse leveraged exposure to at least 80% of total assets in components of the Index, which includes the largest U.S. and non-U.S. companies.
- Inception date
- June 10, 2025
- Fund family
- ProShares
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can be right and still lose
This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
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 2026-08-04