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Beacon

QQUPProShares Ultra QQQ Mega

Take a bet1y track recordRanked #537 of 775 in this goal

Seeks daily investment results of 200% of the daily performance of the Nasdaq-100 Mega Index.

By ProShares · Launched 2025

Annual Cost

0.95%

#4,695 of 5,573 · expensive

Fund Size

$30M

#4,068 of 5,573 · small

Return (1Y)Goal

+52.6%

Track Record

1 year

#4,454 of 5,573 · young

Performance

Total-return NAV · USD
Growth of $10,000
$15,221+52.2%

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

Top 10 holdings = 56.6% of fundmoderately concentrated

NVIDIA Corp.
7.5%
Apple, Inc.
7.3%
Repurchase Agreement
6.8%
N/A
6.5%
Microsoft Corp.
6.4%
Broadcom, Inc.
5.5%
Repurchase Agreement
4.8%
Amazon.com, Inc.
4.4%
Repurchase Agreement
4.1%
Alphabet, Inc.
3.3%

Asset allocation

Stocks
63.2%
Cash
36.8%

By sector

Technology
61.9%
Consumer Cyclical
20.7%
Communication
17.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
39.6%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 of 200% of the daily performance of the Nasdaq-100 Mega Index.
Strategy
Invests primarily in financial instruments to achieve 2x daily exposure to the Nasdaq-100 Mega Index, which targets the largest companies in the Nasdaq-100. The Fund rebalances daily to maintain its leveraged exposure, using derivatives and equity securities.
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

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