QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF
QQQA tracks an equal-weighted index of 21 non-financial companies included in the Nasdaq-100 Index identified with the highest price momentum.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
10.6 M
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Fund sponsor | ProShares |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 18, 2021 |
| Assets (mns) | $11 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| PALANTIR TECHNOLOGIES INC. CLASS A | 7.4 % |
| APPLOVIN CORP. CLASS A | 6.7 % |
| ATLASSIAN CORP. CLASS A | 5.4 % |
| T-MOBILE US, INC. | 5.3 % |
| NETFLIX INC | 5.3 % |
| DOORDASH, INC. CLASS A | 5.2 % |
| STARBUCKS CORP | 5.1 % |
| META PLATFORMS INC | 5.0 % |
| COSTCO WHOLESALE CORP | 4.8 % |
| ARM HOLDINGS PLC | 4.7 % |
Constituent Breakdown
| Number of holdings | 22 |
| Herfindahl-Hirschman Index | 488 |
| Wgt avg mkt cap (mns) | $513,402 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 96.3% |
| Emerging mkts. | 3.7% |
Country Exposure
 |
UNITED STATES | 89.8 % |
 |
AUSTRALIA | 5.4 % |
 |
BRITAIN | 4.7 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.3% | 7.9% | 22.3% | 7.3% | -- | -- | 3.6% | Volatility | 25.4% | 25.3% | 22.6% | 24.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 75% |
| MSCI EAFE | 0.82 | 42% |
| MSCI Emg Mkts | 0.73 | 32% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 1.9% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $91,925 |
Technical Indicators
| Recent close | $40.62 |
| 30d moving avg. | $48.92 |
| Annualized volatility | 22.1% |
| Relative strength (RSI) | 38 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QQQA |
Expenses vs. QQQA |
ALTAR Score™ vs. QQQA |
|---|---|---|---|---|
| NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 36.5% | +10 bp | -1.8% |
| QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 33.9% | +2 bp | +1.9% |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 33.9% | +2 bp | +1.0% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 33.8% | -32 bp | +1.3% |
| QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 33.4% | -33 bp | +1.5% |
| QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 32.9% | +2 bp | +0.7% |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | 31.0% | +17 bp | +0.6% |
| JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 30.0% | -23 bp | +1.4% |
| MMLG | First Trust Multi-Manager Large Growth ETF | 27.8% | +27 bp | -1.2% |
| ACIO | Aptus Collared Investment Opportunity ETF | 20.0% | +21 bp | +0.8% |
Risk and Returns: QQQA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/10/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QQQA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
QQQA
3.5%
Cat. Avg
5.9%
ALTAR Score™ Calculation
Category Overview
There are 947 funds in the US Equity category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. QQQA's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places QQQA in the 18th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QQQASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| QQQA (58 bp) Percentile rank | 64 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QQQA | 58.0 | 9.0 | 67 |
| Peer Avg. | 43.6 | 15.9 | 59.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .