QID

ProShares UltraShort QQQ
*Unless otherwise stated, data provided by FactSet.

QID Fund Description

QID provides 2x inverse exposure to a modified market-cap-weighted index of 100 large nonfinancial issues listed on NASDAQ.

QID Factset Analytics Insight

QID is a more aggressive version of its sister fund PSQ. Both funds track the Nasdaq 100—a 100-company index of firms listed on the tech-heavy Nasdaq that excludes financial firms—but QID provides -2x exposure compared to PSQ's -1x. To do so, QID uses a combination of futures and swaps on QQQ and the Nasdaq-100 Index swaps. As with most inverse and leveraged products, QID is designed to provide its stated inverse exposure on a daily basis, not as a long-term inverse bet against the index. Anyone holding the fund for longer than a day will be exposed to the effects of compounding on returns, and will—especially in volatile markets—be unlikely to realize the stated exposure over extended periods of time. The fund's huge daily dollar volume and tiny spreads underscore how widely it's used as a trading vehicle. While the fund has a very high expense ratio, it does not seem to have diminished its popularity..

QID MSCI ESG Analytics Insight

ProShares UltraShort QQQ has an MSCI ESG Fund Rating of A based on a score of 6.58 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares UltraShort QQQ ranks in the 77th percentile within its peer group and in the 76th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

QID Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 05/28/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QID -16.56% -38.53% -35.97% -56.58% -38.44% -34.84% -36.43%
ticker (NAV) -16.55% -38.48% -35.81% -56.50% -38.41% -34.84% -36.08%
NASDAQ-100 Index 8.67% 11.58% 8.30% 30.74% 18.86% 17.06% -36.08%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

QID Summary Data

ProShares
07/11/06
Open-Ended Fund
0.95%
$254.76M
0.06%

QID Portfolio Data

3.63%
06/24/20

QID Index Data

NASDAQ-100 Index
Tiered
NASDAQ - Listed
N/A

QID Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-2
Daily

QID Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

QID Factset Analytics Block Liquidity

As of 05/29/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of QID. QID is rated a 5 out of 5.

QID Tradability

8,850,868
$168.67M
8,565,000
$157.98M
0.06%
$0.01
0.00%
1.28% / -1.32%
None
0.00%
50,000
171.30
0.03%
--
46,792
$15.02
5

QID MSCI ESG Ratings

6.58 / 10
76.09
77.13
--
--
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Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.