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Proshares UltraShort QQQ (QID) - ETF





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Volume(000's)


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Price15.68
Volume3m
Avg Vol3m
RSf2.8
$Vol(21d)42m
52 wk High26.47
52 wk Low15.27
Inception:Jul 2006
(as of 2017-09-21)
Total Returns:
1 day1.4%
5 day1.2%
1 month-2.1%
3 month-6.1%
6 month-20.2%
9 month-32.2%
1 year-36.0%
 
Compare Funds:
Correlated Group: Technology (View cGroup) (All Groups)




 

Correlated Funds

Most Directly Correlated
ProShares UltraPro Short QQQSQQQ1.00  
ProShares Short QQQPSQ1.00  
Direxion Technology Bear 3X SharesTECS0.98  
Direxion Daily Semiconductor Bear 3x SharesSOXS0.87  
ProShares UltraPro Short S&P 500SPXU0.84  
Direxion S&P 500 Bear 3X SharesSPXS0.84  
ProShares Short S&P 500SH0.83  
Proshares UltraShort S&P500SDS0.83  
ProShares Ultra VIX Short-Term Futures ETFUVXY0.74  
ProShares VIX Short-Term Futures ETF VIXY0.74  
Least Correlated
Guggenheim BulletShares 2020 Corp Bond ETFBSCK0.01  
AdvisorShares Newfleet Multi-Sector IncomeMINC0.01  
iShares Floating Rate Note ETFFLOT0.00  
SPDR Barclays 1-3 Month T-Bill ETFBIL0.00  
iShares Barclays Short Treasury Bond FundSHV-0.00  
iShares US Oil Equip & SvcsIEZ-0.01  
iPath DJ AIG Coffee TR Sub-Idx ETNJO-0.01  
iPath DJ AIG Grains ETNJJG-0.01  
Guggenheim BulletShares 2018 Corp Bond ETFBSCI-0.01  
ProShares UltraShort SilverZSL-0.01  
Most Inversely Correlated
Proshares Ultra TechnologyROM-0.97  
Fidelity MSCI Information TechFTEC-0.97  
iShares S&P Technology Index FundIGM-0.98  
Select Sector SPDR Fund - TechnologyXLK-0.98  
Vanguard Information TechnologyVGT-0.98  
Direxion Technology Bull 3X SharesTECL-0.98  
iShares US TechnologyIYW-0.98  
PowerShares QQQQQQ-1.00  
ProShares UltraPro QQQTQQQ-1.00  
ProShares Ultra QQQQLD-1.00  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2017-09-15.
 


Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.








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