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Upturn AI SWOT - About
ProShares Nasdaq-100 High Income ETF (IQQQ)
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Upturn Advisory Summary
08/14/2025: 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 12.76% | Avg. Invested days 48 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 08/14/2025 |
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) aims to provide high current income while tracking the performance of the Nasdaq-100 Index. It achieves this through a covered call strategy on the Nasdaq-100.
Reputation and Reliability
ProShares is a well-known issuer specializing in leveraged and inverse ETFs. They have a solid track record of providing innovative and complex investment products.
Management Expertise
ProShares has a dedicated team of portfolio managers with experience in options strategies and index tracking.
Investment Objective
Goal
To provide high current income while maintaining exposure to the Nasdaq-100 Index.
Investment Approach and Strategy
Strategy: The ETF employs a covered call writing strategy on a portfolio of stocks replicating the Nasdaq-100 Index.
Composition The ETF primarily holds stocks included in the Nasdaq-100 Index and generates income by selling call options on that index.
Market Position
Market Share: Relatively small compared to large Nasdaq-100 trackers but significant within covered call ETFs.
Total Net Assets (AUM): 1840000000
Competitors
Key Competitors
- Global X Nasdaq 100 Covered Call ETF (QYLD)
- Nationwide Risk-Managed Income ETF (NUSI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
Competitive Landscape
The covered call ETF market is competitive. QQQX offers high income but may underperform in strong bull markets compared to the Nasdaq-100. Competitors like QYLD are larger but might have different risk-adjusted return profiles. JEPQ is actively managed and could provide better risk adjusted performance.
Financial Performance
Historical Performance: Performance varies based on market conditions. Covered call strategies typically outperform in sideways or slightly down markets but underperform during strong rallies.
Benchmark Comparison: Performance should be compared to the Nasdaq-100 total return index and other covered call ETFs.
Expense Ratio: 0.58
Liquidity
Average Trading Volume
The average daily trading volume of QQQX is reasonably liquid, typically in the hundreds of thousands of shares, facilitating easy entry and exit.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting good liquidity, but can widen during periods of market volatility.
Market Dynamics
Market Environment Factors
Interest rates, market volatility (VIX), and the performance of the Nasdaq-100 companies influence QQQX. High volatility increases option premiums, boosting income.
Growth Trajectory
Growth depends on investor demand for income-generating ETFs and the continued popularity of the Nasdaq-100 index. Changes in the covered call strategy could impact performance.
Moat and Competitive Advantages
Competitive Edge
QQQX provides a high income stream relative to other Nasdaq-100 ETFs through its covered call strategy. It offers a convenient way for investors to gain exposure to the Nasdaq-100 while generating income. However, it is crucial to understand how the covered call strategy caps upside potential during rising markets. Its main appeal lies in income generation while still having exposure to the Nasdaq 100.
Risk Analysis
Volatility
Volatility is affected by the underlying Nasdaq-100 stocks and the options market. Covered call strategies tend to reduce overall portfolio volatility compared to holding the underlying index alone.
Market Risk
Exposure to Nasdaq-100 stocks carries market risk. The covered call strategy limits upside potential and may result in underperformance during bull markets. Additionally, call options are subject to volatility and liquidity risks.
Investor Profile
Ideal Investor Profile
Income-seeking investors who are comfortable with capped upside potential and understand covered call strategies.
Market Risk
Best suited for long-term investors seeking income and willing to forgo some capital appreciation potential.
Summary
ProShares Nasdaq-100 High Income ETF (QQQX) seeks to provide a high income stream by employing a covered call strategy on the Nasdaq-100 index. While it offers income generation, it also caps the potential upside in bull markets. It is best suited for investors focused on income rather than aggressive growth, who should carefully consider its capped upside potential. Its performance is closely tied to Nasdaq-100 index and the option premiums, offering a different risk-reward profile compared to a simple Nasdaq-100 ETF.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares website
- ETF.com
- Morningstar
- Yahoo Finance
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Consult with a qualified 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.
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