QLD ETF — ProShares Ultra QQQ

ProShares Ultra QQQ (QLD)

Updated October 2, 2026.

QLD is an ETF that tracks the Nasdaq-100 Index. its distribution rate is 0.11%, its trailing-12-month yield is 0.13%, its expense ratio is 0.89%. Dividend Vision Distribution Safety Score™ is 57/100 (Caution). Total return is 10079.5% over the past 20.3 years, 7913.7 points ahead of QQQ at 2165.8%.

At the current 0.11% distribution rate, a $10,000 investment would generate approximately $11 per year, or about $2.75 per quarter if the next payment matches the last regular one.

ProShares Ultra QQQ is an ETF that seeks daily investment results matching two times the daily performance of the Nasdaq-100 Index, which comprises 100 of the largest non-financial companies listed on Nasdaq. The fund uses leveraged financial instruments to achieve its amplified exposure target and carries an expense ratio of 0.95%, with a very modest distribution rate and quarterly distributions. It appeals to growth-oriented investors seeking leveraged equity exposure to large-cap technology and growth stocks, though the daily reset mechanism means it is designed for short-term tactical positioning rather than buy-and-hold strategies.

QLD performance versus QQQ

Price and return data through 2026-10-02.

Total return is 10079.5% over the past 20.3 years, 7913.7 points ahead of QQQ at 2165.8%. Over the past year its total return — price change plus distributions reinvested — is 40.8%. Its deepest 1-year drawdown was 25.1%.

QLD key facts

Distribution Safety Score™

57 · Caution

Safety-Adjusted Yield

0.06%

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

06/19/2006

Expense ratio

0.89%

Distribution rate

0.11%

Distribution frequency

Quarterly

Trailing yield

0.13%

Last close

$98.13 (as of 2026-10-02)

AUM

$15,249,441,190

Average volume

4367800.0

Last dividend

$0.027

Last ex-dividend date

09/23/2026

Last payment date

09/29/2026 (as of 2026-09-29)

Beta

2.61

P/E ratio

31.1494

How Dividend Vision calculates yield and returns

Distribution rate (0.11%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.13%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ProShares or company page; Index: Nasdaq-100 Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QLD risks and drawbacks

QLD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 25.1%.

Who may consider QLD — and who may not

It is a weaker fit for investors who need monthly cash flow (QLD pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Compare QLD

QLD vs similar funds:

• QLD vs QQQ
• QLD vs TQQQ
• QLD vs QQQ vs TQQQ

Frequently asked questions

More securities from ProShares.