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ProShares Ultra QQQ(QLD)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
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- BUY Advisory
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Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for QLD
10/23/2026: QLD (5-star) is a SELL. SELL for 2 days. Simulated Profits (-10.30%). Updated daily EoD!
ProShares Ultra QQQ (QLD) is a leveraged ETF designed to deliver double the daily performance of the Nasdaq-100 index. It achieves this primarily through derivative contracts, making it a high-conviction tool for active traders rather than a core long-term investment. Its main strengths include high liquidity and a clear, reliable mechanism for expressing directional views on large-cap tech stocks. However, investors must be aware of risks such as compounding decay in volatile markets and the potential for magnified losses in downturns. QLD is best suited for tactical, sophisticated investors who actively monitor their positions.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit while signal remains positive | It offers aggressive exposure to high-growth technology stocks during bull market phases. |
| Momentum investor | Strong fit while signal remains positive | It is an ideal tool for capturing short-term upward price trends in the technology sector. |
| Value investor | Weak fit | The fund's leveraged and short-term focus contradicts the long-term, fundamentals-based approach of value investing. |
| Dividend/Income investor | Weak fit | The fund is designed for capital appreciation rather than income generation and does not pay significant dividends. |
| Low-risk investor | Weak fit | The use of leverage significantly amplifies volatility, making it unsuitable for capital preservation goals. |
Investor Profile
Ideal Investor Profile
The ideal investor is an experienced, active trader with a high risk tolerance who aims to capture short-term momentum or hedge positions.
Suitability
This fund is primarily for active, tactical traders rather than long-term, passive index followers.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Leverage significantly increases the amplitude of daily price swings, leading to higher potential losses. |
| Market risk | High | The fund is directly exposed to the systemic risk of the Nasdaq-100 index. |
| Concentration | High | The Nasdaq-100 is heavily concentrated in the technology sector, increasing sensitivity to sector-specific shocks. |
| Tracking/expense | Medium | Compounding effects over holding periods longer than a day can cause returns to deviate from 2x the index return. |
| Liquidity | Low | The fund is highly liquid, posing minimal risk of inability to trade at fair market prices. |
| Business/sector quality | Medium | Performance is entirely dependent on the earnings and growth trajectory of the largest non-financial Nasdaq companies. |
Risk Analysis
Volatility
QLD is inherently volatile due to its 2x daily leverage, which amplifies both gains and losses, requiring strict risk management.
Market Risk
The fund is subject to significant market risk as it mirrors the performance of the Nasdaq-100, which is sensitive to technology valuations and macroeconomic factors.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Nasdaq-100 Index — seeks 2x daily return | 95 | This swap exposure provides the core leveraged return targeted by the fund. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash holdings serve as collateral for the derivative contracts used to achieve leverage. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type ETF | Historic Profit 63.15% | Avg. Invested days 59 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/23/2026 |
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