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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)
$34,874
AUM
$10,009,050
Associated Index
Nasdaq-100 Dorsey Wright Momentum Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with QQQA
Trade QQQA Options

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.

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QQQA
Performance Measures**

for the time period May 20, 2021 to Dec 4, 2025

Returns

1M Trailing Return: -0.7%

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

3M Trailing Return: 10.8%

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

Measures of Risk or Volatility

Max Drawdown: -38.4%

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

Standard Deviation: 24.9%

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: 0.29

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: 0.11

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

ETFs related toQQQA

ETFs correlated to QQQA include LGRO, GAUG, JGRO

QQQA
ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
FLQL
Franklin Templeton ETF Trust - Franklin U.S. Large Cap Multifactor Index ETF
CHAT
Tidal Trust II - Roundhill Generative AI & Technology ETF
NUGO
NuShares ETF Trust - Nuveen Growth Opportunities 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
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology 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.

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 -0.0148%. This is the percent change in the value of QQQA over the most recent 1-month period. The 3-month return on QQQA is -0.0243%. 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 0.2002%. 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, DSI, and QUAL.

ETFs correlated to QQQA include LGRO, GAUG, and JGRO.

ETFs that are inversely correlated to QQQA include PSQ, TECS, and SQQQ.

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.