ProShares Ultra Short QQQ ETF (SQQQ US) $US13.49
The ProShares Ultra Short QQQ ETF has a Beta of 2.4x hence a 5% investment for example quickly hedges 12% of our portfolio against a market correction.
ProShares Ultra Short QQQ ETF (SQQQ US)
SQQQ US$41.83
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 41.83
- Change
- ▲ 4.00 (10.57)
- Bid / Ask
- 41.02 - 41.41
- Volume
- 8,278,699
- Turnover
- 295,072,229
- Open
- 40.80
- Day Range
- 40.56 - 42.95
- VWAP
- 41.71
- Prev Close
- 37.83
- Last Trade
- 02/11 4:00pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$2.04B
OCT 2026
Distributions
Quarterly
Since inception
16.7 yrs
FEB 2010
- Legal name
- ProShares UltraPro Short QQQ
- Issuer
- ProShares
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Trading--Inverse Equity
- Category index
- Morningstar US Total Market TR USD
- Benchmark
- NASDAQ Composite TR USD
- ETF net assets
- $2.04B
- Units on issue
- 48.8M
- Management fee
- 0.75% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 9 FEB 2010
- Listed
- 11 FEB 2010
- Index provider
- NASDAQ Index
Objective and strategy
The investment seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100 Index®. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity -292.71%Non-US equity -7.33%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | -300.03 | 0.00 | 300.03 |
| Bond | 26.04 | 26.04 | 0.00 |
| Cash | 368.70 | 368.70 | 0.00 |
| Other | 5.29 | 5.29 | 0.00 |
Portfolio statistics · 31 JUL 2022
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Assets in top 10
- -281.56%
Top holdings · top 10 = -281.56% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Nasdaq 100 Index Swap Goldman Sachs International | -54.23 | — | -2.38B | — | 184,044 | — | — | |
| Nasdaq 100 Index Swap Barclays Capital Citibank Na | -43.92 | — | -1.93B | — | 149,036 | — | — | |
| Nasdaq 100 Index Swap Citibank Na | -42.84 | — | -1.88B | — | 145,368 | — | — | |
| Nasdaq 100 Index Swap Ubs Ag | -34.92 | — | -1.53B | — | 118,506 | — | — | |
| Nasdaq 100 Index Swap Societe Generale | -34.49 | — | -1.52B | — | 117,041 | — | — | |
| Nasdaq 100 Index Swap Jp Morgan Securities | -33.76 | — | -1.48B | — | 114,562 | — | — | |
| Nasdaq 100 Index Swap Bnp Paribas | -24.33 | — | -1.07B | — | 82,566 | — | — | |
| Nasdaq 100 Index Swap Bank Of America Na | -12.37 | — | -543.3M | — | 41,964 | — | — | |
| Nasdaq 100 Index Swap Morgan Stanley & Co. International Plc | -9.97 | — | -438.2M | — | 33,842 | — | — | |
| United States Treasury Bills | 9.27 | — | 407.4M | USD | 410.0M | — | United States |
Trailing returns · 31 OCT 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
21.5
3M
-3.0
6M
-16.5
YTD
-36.6
1Y
-32.5
3Y
-54.4
5Y
-42.5
10Y
-54.3
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 21.55 | — | — | — |
| 3 months | -3.02 | — | — | — |
| 6 months | -16.52 | — | — | — |
| Year to date | -36.60 | — | — | — |
| 1 year | -32.46 | — | — | — |
| 3 years p.a. | -54.42 | — | — | — |
| 5 years p.a. | -42.50 | — | — | — |
| 10 years p.a. | -54.27 | — | — | — |
Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2016
-30.1
2017
-58.8
2018
-20.9
2019
-65.9
2020
-86.4
2021
-60.9
2022
82.4
2023
-73.6
2024
-49.8
2025
-53.1
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | -53.07 | -57.26 | — |
| 2024 | -49.77 | -54.62 | — |
| 2023 | -73.63 | -75.66 | — |
| 2022 | 82.36 | 81.85 | — |
| 2021 | -60.90 | -60.90 | — |
| 2020 | -86.38 | -86.67 | — |
| 2019 | -65.94 | -66.92 | — |
| 2018 | -20.94 | -22.09 | — |
| 2017 | -58.75 | -58.81 | — |
| 2016 | -30.05 | -30.05 | — |
| 2015 | -37.48 | -37.48 | — |
Risk statistics · 31 OCT 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Standard deviation | 60.48 | 48.34 | 59.84 | 53.48 |
| Tracking error | 71.89 | 59.33 | 74.24 | 67.22 |
| Information ratio | -0.62 | -1.31 | -0.72 | -1.03 |
| Upside capture % | -403.80 | -321.48 | -346.14 | -356.04 |
| Downside capture % | -621.02 | -290.85 | -307.62 | -241.78 |
| Maximum drawdown % | -60.21 | -91.71 | -96.92 | -99.97 |
Measured against Morningstar US Total Market TR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
203.5
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Tracking volatility
- 0.555
- Market impact cost %
- 0.001
- Best quarter
- 74.02% · JUN 2022
- Worst quarter
- -61.13% · JUN 2020
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.75% p.a.
- PDS dated
- 28 SEP 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.4734
- Ex Date
- 23 SEP 2026
- Record Date
- 23 SEP 2026
- Pay Date
- 29 SEP 2026
- NAV at ex date
- 34.15
- Paid this year
- 1.7495
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
6.4
2023
15.9
2022
26.9
2021
3.8
2019
40.8
2018
408.4
2017
615.7
2016
75.5
| Year | Per unit ($) |
|---|---|
| 2024 | 6.4137 |
| 2023 | 15.9332 |
| 2022 | 26.9396 |
| 2021 | 3.7771 |
| 2019 | 40.7744 |
| 2018 | 408.4238 |
| 2017 | 615.7425 |
| 2016 | 75.4675 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 23 SEP 2026 | 0.4734 |
| 24 JUN 2026 | 0.6376 |
| 25 MAR 2026 | 0.6384 |
| 24 DEC 2025 | 1.5055 |
| 24 SEP 2025 | 1.2136 |
| 25 JUN 2025 | 1.2831 |
| 26 MAR 2025 | 2.4115 |
| 23 DEC 2024 | 4.0838 |
| 25 SEP 2024 | 3.7374 |
| 26 JUN 2024 | 4.0118 |
| 20 MAR 2024 | 4.1002 |
| 20 DEC 2023 | 7.0717 |
Carbon · 30 APR 2023
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
- Category average
- 15.88%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Michael Neches
- Devin Sullivan
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 10.8 years
- Longest tenure
- 13.0 years
- Longest serving
- Michael Neches · since 1 OCT 2013
- Most recent appointment
- Devin Sullivan · since 30 APR 2018
- Managed since
- 1 OCT 2013
- Other funds managed
- 200
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
Action
Updated
24/02/2021
09:12
SQQQ US
Updated 24/02/2021 09:12
MM will consider buying the SQQQ when we the S&P500 tests trendline mentioned earlier.
Business Summary
ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index. The ETF is listed on the Nasdaq Exchange (NDAQ) under code SQQQ
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