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Upturn AI SWOT - About
ProShares Nasdaq-100 High Income ETF (IQQQ)
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Upturn Advisory Summary
10/24/2025: IQQQ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 20.65% | Avg. Invested days 61 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 10/24/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 31.28 - 40.99 | Updated Date 06/30/2025 |
52 Weeks Range 31.28 - 40.99 | Updated Date 06/30/2025 |
Upturn AI SWOT
ProShares Nasdaq-100 High Income ETF
ETF Overview
Overview
The ProShares Nasdaq-100 High Income ETF (QQQX) seeks high current income while maintaining exposure to Nasdaq-100 companies. It achieves this by investing in the component stocks of the Nasdaq-100 Index and employing a covered call strategy on a portion of the portfolio.
Reputation and Reliability
ProShares is a well-known issuer of leveraged and inverse ETFs, with a solid track record of managing complex strategies. However, the complexity adds risk.
Management Expertise
ProShares has a team of experienced professionals managing its ETFs, including those with expertise in options strategies.
Investment Objective
Goal
To seek high current income.
Investment Approach and Strategy
Strategy: The ETF invests in the stocks of the Nasdaq-100 Index and uses a covered call strategy, selling call options on a portion of its portfolio to generate income.
Composition Primarily composed of Nasdaq-100 stocks with a covered call overlay. The call options are typically written on 35% of the holdings.
Market Position
Market Share: QQQX holds a significant portion of the high-income Nasdaq-100 ETF market.
Total Net Assets (AUM): 1650000000
Competitors
Key Competitors
- Global X Nasdaq 100 Covered Call ETF (QYLD)
- Simplify Nasdaq 100 PLUS Downside Protection ETF (QQHD)
Competitive Landscape
The competitive landscape features ETFs focusing on income generation through covered call strategies on the Nasdaq-100. QQQX is larger but may have different risk profiles compared to competitors like QYLD (higher yield) and QQHD (downside protection).
Financial Performance
Historical Performance: Historical performance varies with market conditions and options premiums. Performance figures can be found on the ProShares website.
Benchmark Comparison: The ETF's performance is compared to the Nasdaq-100 Index (though it is not a tracking ETF) and benchmarks for covered call strategies.
Expense Ratio: 0.58
Liquidity
Average Trading Volume
The average daily trading volume is moderate, indicating reasonable liquidity.
Bid-Ask Spread
The bid-ask spread is generally tight, suggesting relatively low trading costs.
Market Dynamics
Market Environment Factors
Market dynamics are affected by interest rates, technology sector performance, and implied volatility in the options market.
Growth Trajectory
The ETF's growth depends on investor demand for income-generating strategies and the continued popularity of Nasdaq-100 stocks. Changes in strategy and holdings are disclosed periodically.
Moat and Competitive Advantages
Competitive Edge
QQQX offers a unique combination of Nasdaq-100 exposure with a covered call strategy. Its larger AUM allows for greater liquidity and potentially tighter spreads. The ETF appeals to investors seeking income from technology stocks while still participating in potential upside. The use of a consistent covered call strategy sets it apart. ProShares' expertise in structured products gives it a competitive advantage.
Risk Analysis
Volatility
The ETF's volatility is influenced by both the underlying Nasdaq-100 stocks and the covered call strategy. The covered call strategy reduces volatility but also limits upside potential.
Market Risk
The ETF is exposed to market risk associated with Nasdaq-100 stocks, including technology sector downturns. Options-related risks include the possibility of underperforming the Nasdaq 100 during periods of high growth.
Investor Profile
Ideal Investor Profile
QQQX is suitable for investors seeking income from their investments, especially those who are comfortable with moderate risk and some potential for limited upside.
Market Risk
The ETF is suited for long-term investors seeking income and willing to trade off some potential capital appreciation. It is not intended for active traders looking for rapid gains.
Summary
QQQX offers exposure to Nasdaq-100 stocks with a covered call strategy, providing income generation. It's suited for investors seeking income but at the cost of upside. Risks include the covered call strategy capping the profit. ProShares management is experienced, but the product carries complexities.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares.com
- ETF.com
- Morningstar.com
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Nasdaq-100 High Income ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is designed to replicate the performance of an investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 Index call options. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics. The fund is non-diversified. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.