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ETFs

ProShares UltraShort QQQ

QID
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jul 11, 2006
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$216,828,148
AUM
$511,079,463
Associated Index
Nasdaq 100 Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Derivatives offset
200.01%
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TREASURY BILL
14.29%
—
TREASURY BILL
11.64%
—
TREASURY BILL
9.76%
—
TREASURY BILL
9.71%
—
TREASURY BILL
9.63%
—
TREASURY BILL
6.79%
—
TREASURY BILL
4.89%
—
TREASURY BILL
4.86%
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TREASURY BILL
4.86%
Invest with QID
Trade QID Options

What is QID?

ProShares UltraShort QQQ seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index .

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

QID
Performance Measures**

for the time period Jul 13, 2006 to Dec 5, 2025

Returns

1M Trailing Return: -0.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -14.9%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -100.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 44.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.75

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.35

The annualized return divided by the max drawdown for the selected time period.

ETFs related toQID

ETFs correlated to QID include SQQQ, PSQ, BERZ

QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toQID

mod TQQQ FTLT (104.22%/54.9% DD since 10-28-11 in composer), 110%, 51% max DD s2012, 112% cagr, 50% maxDD s90, 77% cagr, 71% maxDD s70 in sheets

Category

Tactical momentum, trend filter (200-day), leveraged ETFs, tech-heavy, semiconductors, Treasuries hedge, inverse/short switches, volatility hedge

OOS Cumulative Return

566.22%

Wooden ARKK Machine 2.2 + BB V3.0.4.2a Merged with MIM CONS and V1 New SOXL Baller

Category

Tactical asset allocation, leveraged ETFs, trend following, mean reversion, volatility hedging, sector rotation, crypto overlay, daily rebalancing

OOS Cumulative Return

488.95%

Create your own algorithmic trading strategy with QID using Composer

FAQ

QID is a US Equities ETF. ProShares UltraShort QQQ seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index .

QID tracks the Nasdaq 100 Index.

No, QID is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QID is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QID is 0.0105%. This is the percent change in the value of QID over the most recent 1-month period. The 3-month return on QID is -0.001%. This is the percent change in the value of QID over the most recent 3-month period.

The standard deviation of QID for the past year is 0.4578%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QID include QCLR, NJAN, and NAPR.

ETFs correlated to QID include SQQQ, PSQ, and BERZ.

ETFs that are inversely correlated to QID include QLD, TQQQ, and QQQ.

Yes, QID is a Inverse (-2x) ETF: This means that QID will try to match the performance of Nasdaq 100 Index, but with 2x the returns.

Yes, QID is a Inverse (-2x) leveraged ETF: This means that QID will try to match the performance of Nasdaq 100 Index, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.