ProShares UltraShort QQQ (QID) Performance
QID total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −25.8% since Dec 31, 2025
- 1 year
- −26.6% total return
- 5 years
- −27.9% a year
- 10 years
- −37.3% a year
- Since first price
- −34.5% a year since 2006
QID trailing returns vs SPY, QQQ, AGG
| Period | QID total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +10.9% | +10.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.6% | −4.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −16.3% | −18.2% | +7.8% | +8.4% | −1.5% |
| YTD | −25.8% | −28.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −26.6% | −30.1% | +14.4% | +15.9% | −1.1% |
| 3 years | −75.8%−37.7%/yr | −79.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −80.5%−27.9%/yr | −84.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −99.1%−37.3%/yr | −99.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −99.9%−35.9%/yr | −99.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | −99.97%−33.9%/yr | −99.98% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJul 13, 2006 | −99.98%−34.5%/yr | −99.99% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QID vs SPY
From Jul 13, 2006: QID grew to $2, SPY to $88,731.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QID returns by calendar year
2 of 19 full years positive. Best 2008 (+77.3%), worst 2020 (−69.7%). 2026 is year to date.
QID annual returns table
| Year | QID | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −25.8% | −47.2% | +12.3% | +15.1% | −1.0% |
| 2025 | −35.0% | −58.7% | +17.7% | +20.8% | +7.2% |
| 2024 | −34.1% | −44.1% | +24.9% | +25.6% | +1.3% |
| 2023 | −57.2% | −59.2% | +26.2% | +54.9% | +5.7% |
| 2022 | +66.3% | −35.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −44.9% | −49.4% | +28.7% | +27.4% | −1.8% |
| 2020 | −69.7% | −77.1% | +18.3% | +48.6% | +7.5% |
| 2019 | −49.6% | −53.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −9.9% | −34.9% | −4.6% | −0.1% | +0.1% |
| 2017 | −44.0% | −45.1% | +21.7% | +32.7% | +3.6% |
| 2016 | −19.5% | −41.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −24.7% | −32.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −34.2% | −41.3% | +13.5% | +19.2% | +6.0% |
| 2013 | −49.4% | −47.0% | +32.3% | +36.6% | −2.0% |
| 2012 | −34.3% | −39.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −22.4% | −32.3% | +1.9% | +3.4% | +7.7% |
| 2010 | −38.9% | −47.1% | +15.1% | +19.9% | +6.4% |
| 2009 | −66.8% | −73.6% | +26.4% | +54.7% | +3.0% |
| 2008 | +77.3% | −36.4% | −36.8% | −41.7% | +7.9% |
| 2007 | −27.3% | −39.5% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QID largest drawdowns
Now 99.99% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 20, 2008 | −99.99% | Oct 6, 2026 | not yet | 17.9 years | 17.9 years so far |
| Jul 21, 2006 | −54.5% | Oct 31, 2007 | Oct 7, 2008 | 1.3 years | 2.2 years |
| Oct 27, 2008 | −31.2% | Nov 4, 2008 | Nov 19, 2008 | 8 days | 23 days |
| Oct 9, 2008 | −23.2% | Oct 13, 2008 | Oct 24, 2008 | 4 days | 15 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QID risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | −39.4% | −30.6% | −37.8% | −34.8% |
| Volatility (annualized) | 31.5% | 40.0% | 35.8% | 34.5% |
| Sharpe ratio | -1.53 | -0.79 | -1.19 | -1.09 |
| Sortino ratio | -1.59 | -1.01 | -1.38 | -1.29 |
| Best month | +16.2% | +29.9% | +29.9% | +29.9% |
| Worst month | −25.2% | −25.2% | −28.0% | −28.0% |
| Best 12 months | −9.6% | +66.3% | +66.3% | +97.8% |
| Worst 12 months | −49.5% | −57.2% | −71.9% | −71.9% |
| Positive months | 31% | 35% | 30% | 33% |
| Beta vs S&P 500 | -2.23 | -2.33 | -2.03 | — |
| Correlation with S&P 500 | -0.88 | -0.91 | -0.87 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QID rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 232 | −71.9% | −35.6% | +97.8% | 9% |
| 3-year (a year) | 208 | −56.2% | −35.2% | −18.8% | 0% |
| 5-year (a year) | 184 | −46.8% | −35.1% | −26.1% | 0% |
| 10-year (a year) | 124 | −40.4% | −35.9% | −29.8% | 0% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
QID performance overview
ProShares UltraShort QQQ (QID) returned −26.6% over the past year and −37.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned −34.5% a year, turning $10,000 into about $2. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.99%, from Nov 20, 2008 to Oct 6, 2026; the fund has not yet regained that high. QID finished 2 of its 19 full calendar years with a gain; the best year was 2008 (+77.3%) and the worst 2020 (−69.7%). Volatility has been 34.5% a year.
Related: QID chart, QID dividends. See the QID overview for the latest quote and fund facts.
QID performance FAQ
What is the QID return over the past year?
QID returned −26.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 30.1%.
What is the average annual return of QID?
QID has returned −27.9% a year over 5 years, −37.3% a year over 10 years, −34.5% a year since July 13, 2006 (total return, distributions reinvested).
How much would $10,000 invested in QID be worth?
$10,000 invested in QID at its first recorded close on July 13, 2006 would be worth about $2 on October 23, 2026 with distributions reinvested.
What was the worst year for QID?
The worst calendar year was 2020, with a total return of −69.7%. The best was 2008 at +77.3%.
What is the biggest drawdown of QID?
The largest peak-to-trough decline was −99.99% between November 20, 2008 and October 6, 2026. It has not yet recovered to that high; it is 99.99% below its peak.
How volatile is QID?
Over the past 3 years QID had an annualized volatility of 31.5% and a Sharpe ratio of -1.53 (excess return over 1–3 month T-bills per unit of risk).