(QID) ProShares UltraShort QQQ - Overview

ETF Category: Trading--Inverse Equity | Exchange: NYSE ARCA (USA) | Market Cap: 240m USD | Total Return: -43.9% in 12m

Inverse Swaps, Index Futures, Short Exposure
Total Rating 49
Safety 78
Buy Signal 0.45
Trading--Inverse Equity
Category Rotation: +26.0
TER: 0.95%
AUM: 240M
Avg Turnover: 331M
Risk 3d forecast
Volatility64.6%
VaR 5th Pctl10.4%
VaR vs Median-10.3%
Reward TTM
Sharpe Ratio-1.69
Rel. Str. IBD4.2
Rel. Str. Peer Group34.1
Character TTM
Beta-2.572
Beta Downside-2.612
Hurst Exponent0.519
Drawdowns 3y
Max DD79.40%
CAGR/Max DD-0.47
CAGR/Mean DD-0.80

Warnings

Overextended 3d

Tailwinds

No distinct edge detected

Description: QID ProShares UltraShort QQQ

ProShares UltraShort QQQ (QID) is an inverse leveraged exchange-traded fund designed to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Nasdaq-100 Index. The fund achieves this exposure by investing in financial derivatives, such as swap agreements and futures contracts, rather than holding direct short positions in the underlying equities.

The underlying Nasdaq-100 Index tracks 100 of the largest non-financial companies listed on the Nasdaq Stock Market, with a heavy concentration in the technology, consumer services, and healthcare sectors. Because the fund utilizes leverage to meet its daily objective, compounding effects typically cause long-term performance to diverge significantly from the inverse of the index.

Investors can evaluate how these compounding risks impact specific portfolio strategies by reviewing the detailed metrics available on ValueRay. As a non-diversified fund, QID carries heightened concentration risk, making it primarily a tool for short-term tactical hedging or directional speculation rather than a long-term investment.

Headlines to Watch Out For
  • Technology sector volatility drives demand for inverse leveraged hedging instruments
  • Compounding effects and daily rebalancing lead to long-term performance decay
  • Nasdaq-100 index performance inversely correlates with the funds daily share price
  • Federal Reserve interest rate decisions impact valuations of non-financial growth stocks
  • Counterparty credit risk arises from extensive use of derivative swap agreements
What is the price of QID shares?

As of June 07, 2026, the stock is trading at USD 15.11 with a total of 35,265,675 shares traded.
Over the past week, the price has changed by +9.02%, over one month by -7.02%, over three months by -26.27% and over the past year by -43.86%.

Is QID a buy, sell or hold?

ProShares UltraShort QQQ has no consensus analysts rating.