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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)
$318,440,360
AUM
$485,752,406
Associated Index
Nasdaq 100 Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
Derivatives offset
199.97%
n/a
Net Other Assets (Liabilities)
39.05%
B 0 05/25/23
TREASURY BILL
15.32%
B 0 06/20/23
TREASURY BILL
10.18%
n/a
TREASURY BILL
10.07%
B 0 06/13/23
TREASURY BILL
5.09%
B 0 06/15/23
TREASURY BILL
5.09%
B 0 06/22/23
TREASURY BILL
5.09%
B 0 08/03/23
TREASURY BILL
5.06%
B 0 08/31/23
TREASURY BILL
5.04%
Invest with QID

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 .

ETFs related toQID

ETFs correlated to QID include SQQQ, PSQ, TECS

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
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares

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.

Automated Strategies
Related toQID

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

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 -0.0916%. This is the percent change in the value of QID over the most recent 1-month period. The 3-month return on QID is -0.2375%. 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 0.6097%. 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 QRMI, QCLR, and NAPR.

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

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

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 {characteristics.Identifier} 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.