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SQQQ

ProShares UltraPro Short QQQ
ETF.com segment:
Inverse Equity: U.S. - Large Cap
Competing ETFs: PSQ, QID, SH, SDS, SPXU
Related ETF Channels: Equity, U.S., Inverse, Large Cap, NASDAQ-100 Index, Exchange-specific, Size and Style, North America, Broad-based
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*Unless otherwise stated, data provided by FactSet.

SQQQ Fund Description

SQQQ provides 3x inverse exposure to a modified market-cap-weighted index of 100 of the largest nonfinancial issues listed on the NASDAQ.

SQQQ Factset Analytics Insight

SQQQ is the most aggressive of the 3 ProShares funds providing inverse exposure to the NASDAQNasdaq-100. The fund provides geared inverse (-3x) exposure to the Nasdaq-100—a 100-company index of firms listed on the tech-heavy NASDAQNasdaq that excludes financials. To provide this exposure, the fund uses swaps on the popular NASDAQNasdaq-100 ETF QQQ, swaps on the index itself, and futures. As with most inverse and leveraged products, SQQQ is designed to provide this exposure on a daily basis, not over long time horizons. Holding the fund for longer than a day opens the door to the effects of compounding on returns and will—especially in volatile markets—be unlikely to realize the stated -3x inverse exposure over time. This effect is magnified as you add leverage. The fund typically trades briskly, which speaks to the fund's utility as a trading tool as opposed to an investment vehicle. It also explains why so many seem willing to stomach the steep expense ratio of the fund.

SQQQ Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 12/12/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SQQQ -7.08% -19.12% -62.62% -56.23% -50.34% -44.78% --
SQQQ (NAV) -5.86% -18.36% -61.78% -56.48% -49.76% -44.18% --
NASDAQ-100 Index 2.58% 7.22% 35.17% 26.57% 21.54% 16.41% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SQQQ Summary Data

ProShares
02/09/10
Open-Ended Fund
0.95%
$1.17B
0.04%
Fund Home Page

SQQQ Portfolio Data

3.79%
12/24/19

SQQQ Index Data

NASDAQ-100 Index
Tiered
NASDAQ - Listed
N/A

SQQQ Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-3
Daily

SQQQ Tax Exposures

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

SQQQ Factset Analytics Block Liquidity

As of 12/13/19
5
4
3
2
1

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

SQQQ Tradability

11,275,000
$316.93M
10,355,220
$289.45M
0.04%
$0.01
0.00%
0.46% / -0.35%
None
0.00%
50,000
207.10
0.02%
--
236,008
$25.22
5

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.

  • Collar Strategy
    Protection Strategy
  • Covered Call Strategy
    Income Strategy

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.