Skip to content
Beacon

QQUPProShares Ultra QQQ Mega

Take a bet1y track recordRanked #607 of 949 in this goal

Seeks daily investment results that correspond to 2x the daily performance of the Nasdaq-100 Mega Index.

By ProShares · Launched 2025

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$26M

#4,271 of 5,861 · small

Return (1Y)Goal

+25.2%

Track Record

1 year

#4,354 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,288+22.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

Nasdaq-100 Mega Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

NVIDIA Corp.
11.9%
Apple, Inc.
10.8%
Microsoft Corp.
8.0%
Repurchase Agreement
7.1%
Amazon.com, Inc.
6.2%
Alphabet, Inc.
5.0%
Tesla, Inc.
4.9%
Alphabet, Inc.
4.6%
Broadcom, Inc.
4.2%
Repurchase Agreement
3.5%

Asset allocation

Stocks
51.4%
Cash
31.9%
Other
16.7%

By sector

Technology
61.1%
Consumer Cyclical
20.9%
Communication
17.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
42.3%High

Year-on-year price swings

Max drawdown
-37.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

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 daily returns consistent with the Daily Target, targeting the largest companies in the Nasdaq-100 Index. The Fund uses derivatives and equity securities to maintain leveraged exposure to at least 80% of its total assets in Index components.
Inception date
June 10, 2025
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

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

What's next?

You've looked at QQUP. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-04