QQUP ETF — ProShares Ultra Top QQQ

ProShares Ultra Top QQQ (QQUP)

Updated October 16, 2026.

QQUP is an ETF. its distribution rate is 0.50%, its trailing-12-month yield is 0.62%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 58.7% over the past 1.3 years, 30.2 points ahead of SPY at 28.5%.

ProShares Ultra Top QQQ is an ETF that uses leveraged financial instruments to seek daily returns of twice the performance of the largest companies in the Nasdaq-100 Index, targeting approximately the top 45% cumulative weight of that index. The fund has a modest current distribution rate paid quarterly and carries an expense ratio of 0.95%. It appeals to investors seeking leveraged equity exposure to large-cap technology and growth companies, though leverage amplifies both gains and losses and can erode value over longer periods due to daily rebalancing.

QQUP performance versus SPY

Price and return data through 2026-10-16.

Total return is 58.7% over the past 1.3 years, 30.2 points ahead of SPY at 28.5%. Its deepest 1-year drawdown was 37.7%.

QQUP key facts

Distribution Safety Score™

50 · Unproven

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

06/10/2025

Expense ratio

0.95%

Distribution rate

0.50%

Distribution frequency

Quarterly

Trailing yield

0.62%

Last close

$62.85 (as of 2026-10-16)

AUM

$28,370,936

Average volume

2707.0

Dividend

$0.079

Ex-dividend date

09/23/2026

Payment date

09/29/2026

Beta

2.7713

How Dividend Vision calculates yield and returns

Distribution rate (0.50%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.62%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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; 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.

QQUP risks and drawbacks

QQUP'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 37.7%.

Who may consider QQUP — and who may not

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

More on QQUP

• All tickers starting with Q

Tagged: Leverage.

Frequently asked questions

More securities from ProShares.