Frequently Asked Questions About EQQQ

What does EQQQ invest in?

Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Equal Weighted Index.

What is the expense ratio of EQQQ?

Proshares Ultra Qqq Equal Weight (EQQQ) charges an expense ratio of 1.12%. This is the annual fee deducted from fund assets to cover management and operations.

Is EQQQ a good long-term hold?

EQQQ is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does EQQQ's daily reset work?

EQQQ rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is EQQQ?

Proshares Ultra Qqq Equal Weight (EQQQ) manages $5.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is EQQQ actively managed or an index fund?

EQQQ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

EQQQ

Proshares Ultra Qqq Equal Weight

NASDAQ·Asset Management · Financial Services

$38.93$1.14−2.84%

Oct 22 11:07 AM EDT

Price Chart

$38.93−$1.14 (−2.84%)today

+0.62%

Select date range

FromTo

Jul 23, 2026Jul 23, 2026 → Oct 22, 2026· 3 moOct 22, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$0.00

Distribution Yield (FWD)0.01%

Annual Distribution (TTM)$0.00

Distribution Yield (TTM)0.01%

Distribution Growth (5Y)—

FrequencyIrregular

Most Recent$0.00

Ex-Dividend DateSep 23

Payment DateSep 29

DiversificationDiversification Tab

Holdings101

Top 10 Weight2.5%

Top 25 Weight5.9%

Effective Holdings99

Sectors—

Largest HoldingMRNA · 0.3%

Largest Sector—

Asset ClassEquity

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio1.12%

Cost per 10k Invested$112

AUM$5.20M

Avg Daily Volume5.44K

Price$38.93

NAV$40.03

Premium / Discount−2.75%

52-Week Range$38.08 – $44.88

Beta0.00

Fund Overview

Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Equal Weighted Index.

Cost Verdict

Is EQQQ's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: ProShares
Asset Class: Equity
Strategy: Leveraged
Inception: July 21, 2026
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US74350U5184
CUSIP: 74350U518
Website: www.proshares.com/our-etfs/leveraged-and-inverse/eqqq

Latest News

News Tab

No recent news available.

Frequently Asked Questions About EQQQ

What does EQQQ invest in?: Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Equal Weighted Index.
What is the expense ratio of EQQQ?: Proshares Ultra Qqq Equal Weight (EQQQ) charges an expense ratio of 1.12%. This is the annual fee deducted from fund assets to cover management and operations.
Is EQQQ a good long-term hold?: EQQQ is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does EQQQ's daily reset work?: EQQQ rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is EQQQ?: Proshares Ultra Qqq Equal Weight (EQQQ) manages $5.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
Is EQQQ actively managed or an index fund?: EQQQ's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.