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ETFs

ProShares UltraPro Short QQQ

SQQQ
$--
Today’s Change
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Snapshot
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Inception Date
Feb 09 2010
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$2,217,551,125
AUM
$4,455,851,279
Associated Index
Nasdaq 100 Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
300.03%
n/a
TREASURY BILL
6.67%
n/a
TREASURY BILL
6.67%
n/a
TREASURY BILL
5.57%
n/a
TREASURY BILL
5.57%
n/a
UNITED STATES OF AMERICA BILL ZERO CPN 14/MAR/2024 USD 100
5.47%
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TREASURY BILL
4.48%
n/a
TREASURY BILL
4.47%
n/a
TREASURY BILL
4.47%
n/a
TREASURY BILL
4.46%
Invest with SQQQ

What is SQQQ?

ProShares UltraPro Short QQQ seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index .

ETFs related toSQQQ

ETFs correlated to SQQQ include QID, PSQ, BERZ

SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSQQQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SQQQ using Composer

FAQ

SQQQ is a US Equities ETF. ProShares UltraPro Short QQQ seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index .

SQQQ tracks the Nasdaq 100 Index.

No, SQQQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SQQQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SQQQ is 0.0109%. This is the percent change in the value of SQQQ over the most recent 1-month period. The 3-month return on SQQQ is -0.0134%. This is the percent change in the value of SQQQ over the most recent 3-month period.

The standard deviation of SQQQ for the past year is 0.6817%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SQQQ include QCLR, NJAN, and NAPR.

ETFs correlated to SQQQ include QID, PSQ, and BERZ.

ETFs that are inversely correlated to SQQQ include TQQQ, QLD, and QQQ.

Yes, SQQQ is a Inverse (-3x) ETF: This means that SQQQ will try to match the performance of Nasdaq 100 Index, but with 3x the returns.

Yes, SQQQ is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Nasdaq 100 Index, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.