SQQQProShares UltraPro Short QQQ
Seeks daily investment results that correspond to -3x the daily performance of the Nasdaq-100 Index.
By ProShares · Launched 2010
0.95%
#4,882 of 5,861 · expensive
$2.0B
#770 of 5,861 · large
-48.6%
16 years
#738 of 5,861 · 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
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results that correspond to -3x the daily performance of the Nasdaq-100 Index.
- Strategy
- Invests in financial instruments to achieve daily returns consistent with the Daily Target of -3x the Nasdaq-100 Index. Holds at least 80% of total assets in components of the Index, which includes the top 100 Nasdaq-listed non-financial companies, weighted by market capitalization.
- Inception date
- February 9, 2010
- 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.
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
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Data updated on 2026-08-04