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ETFs

ProShares Trust ProShares Nasdaq-100 Dorsey Wright Momentum ETF

QQQA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 18 2021
Expense Ratio
0.58%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$95,288
AUM
$10,863,125
Associated Index
Nasdaq-100 Dorsey Wright Momentum Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Cadence Design Systems, Inc.
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CTAS
Cintas Corporation
4.86%
NFLX
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4.85%
Invest with QQQA

What is QQQA?

ProShares Nasdaq-100 Dorsey Wright Momentum ETF seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100 Dorsey Wright Momentum Index. The Fund invests in securities that ProShare Advisors believes, in combination, should track the performance ofthe Index. The Index, which is constructed and maintained by Dorsey, Wright & Associates, LLC ( Dorsey Wright ), consists of 21 securities from the Nasdaq-100 Index with the highest price momentum as determined by Dorsey Wright. TheNasdaq-100 includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. Dorsey Wright rankseach stock in the Nasdaq-100 based on relative performance using its proprietary Relative Strength momentum measure. The 21 stocks ranked the highest at each reconstitution (January, April, July and October) are included in the Index and assigned equal weights.

ETFs related toQQQA

ETFs correlated to QQQA include QQQE, QQEW, QGRO

QQQA
ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
QGRO
American Century ETF Trust - American Century STOXX U.S.Quality Growth ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
NULG
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Growth ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF

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 toQQQA

#SIN

Safety in Sin Stocks

Category

Grow Your Portfolio

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with QQQA using Composer

FAQ

QQQA is a US Equities ETF. ProShares Nasdaq-100 Dorsey Wright Momentum ETF seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100 Dorsey Wright Momentum Index. The Fund invests in securities that ProShare Advisors believes, in combination, should track the performance ofthe Index. The Index, which is constructed and maintained by Dorsey, Wright & Associates, LLC ( Dorsey Wright ), consists of 21 securities from the Nasdaq-100 Index with the highest price momentum as determined by Dorsey Wright. TheNasdaq-100 includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. Dorsey Wright rankseach stock in the Nasdaq-100 based on relative performance using its proprietary Relative Strength momentum measure. The 21 stocks ranked the highest at each reconstitution (January, April, July and October) are included in the Index and assigned equal weights.

QQQA tracks the Nasdaq-100 Dorsey Wright Momentum Index.

No, QQQA 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, QQQA 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 QQQA is -0.0199%. This is the percent change in the value of QQQA over the most recent 1-month period. The 3-month return on QQQA is -0.0343%. This is the percent change in the value of QQQA over the most recent 3-month period.

The standard deviation of QQQA for the past year is 0.2613%. 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 QQQA include SPHQ, QUAL, and SUSA.

ETFs correlated to QQQA include QQQE, QQEW, and QGRO.

ETFs that are inversely correlated to QQQA include SPXU, SPDN, and SDS.

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.