# QID (ProShares UltraShort QQQ)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: QID returned −4.2% where its own daily promise gave −6.8%, 2.6 points over.

## Key facts

- QID, what QQQ did: +2.1%, as of Sep 30, 2026.
- QID, what −2 times a day gives: −6.8%, as of Sep 30, 2026.
- QID, what the fund returned: −4.2%, as of Sep 30, 2026.
- QID, the fund itself added: +2.6 pts, as of Sep 30, 2026.
- QID, net assets: $213m (issuer page, as of Sep 30, 2026).
- QID, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## QID over each window to Sep 30, 2026

| Window | Fund | QQQ | -2x the move | Difference | QQQ moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −6.2% | +3.3% | −6.6% | +0.5 pts | 16% |
| 3 months | −4.2% | +2.1% | −4.2% | 0.0 pts | 19% |
| 6 months | −38.0% | +26.9% | −53.7% | +15.8 pts | 22% |
| 1 year | −34.7% | +23.8% | −47.6% | +12.9 pts | 20% |
| 3 years | −77.4% | +110.0% | not meaningful over this window | not meaningful over this window | 20% |
| Since launch | −99.9% | +1737.5% | not meaningful over this window | not meaningful over this window | 21% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of QQQ, reset daily | ETFIQ |
| Multiple a holder actually got over the window | QQQ moved +2.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | QQQ | ETFIQ |
| Segment | broad index, US large cap | ETFIQ |
| Net assets | $213m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 19% annualized | ETFIQ |

## Questions

### Did QID return -2 times QQQ?

Over the window to Sep 30, 2026, QQQ moved +2.1% and QID returned −4.2%. −2 times that move is −4.2%, so the fund came out 0.0 points ahead of it.

### Why does QID not return -2 times over a year?

Because it resets daily. QID aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, QID, data as of Sep 30, 2026. https://etfiq.com/funds/qid
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/qid  ·  JSON: https://etfiq.com/funds/qid.json