SQQQ

ProShares UltraPro Short QQQ

3x inverse leveraged ETF targeting -300% of the Nasdaq-100's daily return. A speculative day-trading tool — NOT for long-term holding due to daily compounding decay. Among the highest-volume ETFs on volatile days.

Backtest X-Ray Correlation Risk Map Compare vs TQQQ

EquityTER 0.95%Acc.US-domiciled

TER

0.95%

AUM

$5B

Holdings

—

Data Range

— → —

Backtest Data Proxy

⚠️ NOT SUITABLE FOR BACKTEST: Leveraged/inverse ETFs reset daily. Multi-day returns diverge significantly from the index due to compounding.

Key Facts

ISIN

US74347G4322

Issuer

ProShares

Benchmark

Nasdaq-100 Index (3x inverse daily)

Total Expense Ratio (TER)

0.95%

Assets Under Management

$5B approx.

Inception Date

2010-02-09

Domicile

Legal Structure

Open-End Fund

Dividend Policy

Accumulating (auto-reinvests)

Replication Method

Synthetic (Swap-Based)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

Nasdaq

Number of Holdings

N/A

Top 10 Holdings

Top 10 represent 100.0% of the fund.

AAPLApple Inc. (-3x)

26.70%

Technology

MSFTMicrosoft Corp. (-3x)

24.00%

Technology

NVDANVIDIA Corp. (-3x)

23.40%

Technology

AMZNAmazon.com (-3x)

16.20%

Consumer Discretionary

METAMeta Platforms (-3x)

11.40%

Communication Services

AVGOBroadcom Inc. (-3x)

11.10%

Technology

GOOGLAlphabet (A) (-3x)

9.00%

Communication Services

GOOGAlphabet (C) (-3x)

7.80%

Communication Services

COSTCostco (-3x)

7.80%

Consumer Staples

TSLATesla Inc. (-3x)

7.80%

Consumer Discretionary

Sector Breakdown

Technology

51%

Consumer Discretionary

14%

Communication Services

14%

Healthcare

Consumer Staples

Industrials

Source: Official issuer data · Last updated: 2026-05-12

Equivalent ETFs

These ETFs track the same or very similar underlying index:

TQQQProShares UltraPro QQQ

Backtest this ETF Official Fund Page

Who Is This ETF For?

✓Investors preferring automatic dividend reinvestment (no tax event on distributions in many jurisdictions).

Key Risks to Consider

• Market risk: equity values can drop 30-50% in severe bear markets.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

Similar ETFs

VTI0.03% TER

Vanguard Total Stock Market ETF

Total US Market · Vanguard

VOO0.03% TER

Vanguard S&P 500 ETF

US Large Cap · Vanguard

QQQ0.20% TER

Invesco QQQ Trust

US Large Cap Tech-Heavy · Invesco

IWM0.19% TER

iShares Russell 2000 ETF

US Small Cap · BlackRock

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (SQQQ), ProShares (metadata)Last verified: 2026-05-06

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💬 Frequently Asked Questions

SQQQ has a total expense ratio (TER) of 0.95%, which means you pay $95 per year for every $10,000 invested.

SQQQ is an accumulating ETF — dividends are automatically reinvested into the fund rather than paid out, which can be more tax-efficient in many jurisdictions.

SQQQ is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

SQQQ uses synthetic replication via swap contracts, which can reduce tracking error but introduces counterparty risk.

Similar ETFs tracking the same or a very similar index include: TQQQ. These may differ in domicile, currency, dividend policy, or expense ratio.