1 hour ago
5
Sara Appino, The Motley Fool
Wed, May 13, 2026 astatine 12:42 PM CDT 4 min read
ProShares Ultra QQQ (NYSEMKT:QLD) offers 2x regular leverage connected the Nasdaq-100, portion ProShares UltraPro QQQ (NASDAQ:TQQQ) seeks 3x results, providing a prime betwixt magnified returns and heightened drawdown risk.
Investors seeking leveraged tech vulnerability often measurement the 2x vulnerability of QLD against the 3x regular targets of TQQQ. While some way the aforesaid underlying index, they service antithetic hazard profiles, targeting assertive traders alternatively than semipermanent buy-and-hold investors. These funds are designed specifically for tactical short-term moves.
Snapshot (cost & size)
| Issuer | ProShares | ProShares |
| Expense ratio | 0.82% | 0.95% |
| 1-yr instrumentality (as of May 12, 2026) | 128% | 81% |
| Dividend yield | 0.40% | 0.13% |
| Beta | 3.67 | 2.44 |
| AUM | $36.0 billion | $13.4 billion |
Beta measures terms volatility comparative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr instrumentality represents full instrumentality implicit the trailing 12 months. Dividend output is the trailing-12-month organisation yield.
Performance & hazard examination
| Max drawdown (5 yr) | (81.80%) | (63.80%) |
| Growth of $1,000 implicit 5 years (total return) | $3,487 | $3,208 |
What's wrong
ProShares Ultra QQQ (NYSEMKT:QLD) focuses heavy connected exertion astatine astir 50% of the portfolio, followed by connection services astatine 15%, and user discretionary astatine 13%. It presently holds 101 positions, and its largest positions see ProShares Genius Mny Mkt ETF (NYSEMKT:IQMM) astatine 9.56%, Nvidia (NASDAQ:NVDA) astatine 5.64%, and Apple (NASDAQ:AAPL) astatine 4.64%. This money was launched successful 2006 and has a trailing-12-month dividend of $0.12 per share. It utilizes a regular leverage reset, meaning its 2x people applies lone to single-day returns and whitethorn deviate importantly implicit longer periods.
ProShares UltraPro QQQ (NASDAQ:TQQQ) has akin assemblage weightings arsenic QLD, and is 101 holdings see ProShares Genius Mny Mkt ETF (NYSEMKT:IQMM) astatine 23%, Nvidia (NASDAQ:NVDA) astatine 3%, and Apple (NASDAQ:AAPL) astatine 2%. This money was launched successful 2010 and paid $0.32 per stock implicit the trailing 12 months. Like its counterpart, it incorporates a regular leverage reset, which tin pb to show resistance during volatile, sideways markets wherever the scale finishes level but the money loses value.
For much guidance connected ETF investing, cheque retired the afloat usher astatine this link.
What this means for investors
Most ETFs are designed for patient, semipermanent investors. QLD and TQQQ are emphatically not. These are leveraged funds that usage derivatives and regular swaps to present multiplied versions of the Nasdaq-100's regular returns. QLD targets doubly the index's regular move, TQQQ targets 3 times. That machinery is costly to operate, which is wherefore some funds complaint fees acold supra what immoderate modular scale ETF would. The outgo of maintaining regular leverage done options and swap agreements is existent and ongoing.
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