QID · ProShares UltraShort QQQ
Issuer: ProShares
A U.S.-listed leveraged inverse ETF seeking -2x the DAILY performance of the Nasdaq-100 Index before fees and expenses. Exposure resets each trading day, so compounding and volatility can cause multi-day returns to differ materially from twice the opposite of the index’s cumulative return. Primarily used for short-term bearish exposure or hedging, it can incur severe losses when held over extended periods. The September 2026 prospectus lists a 0.99% gross expense ratio and a temporarily reduced 0.95% net ratio.
ETF · US ETF average
Long-term returns ☆☆☆☆☆☆☆☆☆☆ Five-year cumulative total return near -78.1%.
Stability ☆☆☆☆☆☆☆☆☆☆ Five-year maximum total-return drawdown near 89.3%.
Costs ★★★☆☆☆☆☆☆☆ Gross expense ratio 0.99%; net 0.95% after waiver.
Upside potential ★★★★★★★★★☆ Best calendar-year return: +66.3% in 2022.
Liquidity ★★★★★★★★★☆ Daily dollar trading value runs into hundreds of millions.
Performance
1-month total return: 16%
1-year total return: -22%
5-year total return: -78%
Stability
1-month MDD: -12%
1-year MDD: -47%
5-year MDD: -89%