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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:
Price17.22
Volume454k
Avg Vol2m
RSf1.9
$Vol(21d)29m
52 wk High33.54
52 wk Low17.13
Inception:Jul 2006
(as of 2017-05-23)
Total Returns:
1 day-0.1%
5 day0.5%
1 month-7.2%
3 month-12.6%
6 month-30.2%
9 month-31.4%
1 year-44.9%
 
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 SharesTECS0.95  
Proshares UltraShort S&P500SDS0.84  
ProShares UltraPro Short S&P 500SPXU0.84  
Direxion S&P 500 Bear 3X SharesSPXS0.84  
ProShares Short S&P 500SH0.83  
Direxion Daily Semiconductor Bear 3x SharesSOXS0.76  
Proshares UltraShort Dow30DXD0.71  
ProShares Ultra VIX Short-Term Futures ETFUVXY0.70  
Least Correlated
PowerShares Insured California Municipal BondPWZ0.01  
VanEck Vectors Gold MinersGDX0.00  
Sprott Gold Miners ETFSGDM0.00  
Direxion Daily Gold Miners Bear 2X Shrs DUST0.00  
VelocityShares 3x Inverse Silver ETNDSLV0.00  
ProShares Investment Grd Intr Rt HdgdIGHG-0.00  
iShares Silver TrustSLV-0.00  
ETFS Physical Silver SharesSIVR-0.00  
Direxion Daily Gold Miners Bull 2X Shrs NUGT-0.00  
VelocityShares 3x Long Silver ETNUSLV-0.01  
Most Inversely Correlated
iShares Russell Top 200 Growth IndexIWY-0.95  
Select Sector SPDR Fund - TechnologyXLK-0.95  
Fidelity MSCI Information TechFTEC-0.95  
Vanguard Information TechnologyVGT-0.96  
Direxion Technology Bull 3X SharesTECL-0.96  
iShares US TechnologyIYW-0.96  
iShares S&P Technology Index FundIGM-0.96  
ProShares UltraPro QQQTQQQ-1.00  
PowerShares QQQQQQ-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: 2017-05-19.
 


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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