QLD ETF — ProShares Ultra QQQ

ProShares Ultra QQQ (QLD)

QLD is an ETF that tracks the Nasdaq-100 Index. As of August 19, 2026, its distribution rate is 0.13%, its trailing-12-month yield is 0.13%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 53/100 (Caution). Fund total return is 9300.6% over the past 20.2 years, 7234.0 points ahead of QQQ at 2066.6%.

At the current 0.13% distribution rate, a $10,000 investment would generate approximately $13 per year, or $1.08 per month on an equivalent basis. Actual quarterly payments vary.

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

Data as of August 19, 2026.

Fund total return is 9300.6% over the past 20.2 years, 7234.0 points ahead of QQQ at 2066.6%. Its deepest 1-year drawdown was 25.1%.

QLD key facts

Data as of August 19, 2026.

Distribution Safety Score™

53 · Caution

Safety-Adjusted Yield

0.07%

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

06/19/2006

Expense ratio

0.95%

Distribution rate

0.13%

Distribution frequency

Quarterly

Trailing yield

0.13%

Last close

$90.65

AUM

$14,545,140,411

Average volume

3771129.0

Last dividend

$0.0610

Ex-dividend date

06/24/2026

Payment date

06/30/2026

Beta

2.6

P/E ratio

31.8654

How Dividend Vision calculates yield and returns

Distribution rate (0.13%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: ProShares fund 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 funds from ProShares.