ProShares Ultra QQQ (QLD) Performance
QLD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.5% since Dec 31, 2025
- 1 year
- +22.3% total return
- 5 years
- +17.1% a year
- 10 years
- +32.2% a year
- Since first price
- +24.7% a year since 2006
QLD trailing returns vs SPY, QQQ, AGG
| Period | QLD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.4% | −10.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.4% | +1.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.6% | +11.4% | +7.8% | +8.4% | −1.5% |
| YTD | +22.5% | +22.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +22.3% | +22.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +198.6%+44.0%/yr | +196.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +119.8%+17.1%/yr | +117.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +1,534.5%+32.2%/yr | +1,508.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +6,554.6%+32.3%/yr | +6,278.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +7,560.5%+24.2%/yr | +6,441.9% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 21, 2006 | +8,836.7%+24.7%/yr | +7,531.4% | — | — | — |
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: QLD vs SPY
From Jun 21, 2006: QLD grew to $893,672, SPY to $88,014.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QLD returns by calendar year
16 of 19 full years positive. Best 2009 (+121.2%), worst 2008 (−72.9%). 2026 is year to date.
QLD annual returns table
| Year | QLD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.5% | −23.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.4% | −41.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +42.8% | −26.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +117.7% | −22.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −60.5% | −63.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +54.7% | −21.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +88.9% | −51.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +81.7% | −21.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.3% | −42.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +70.3% | −9.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +12.1% | −23.5% | +12.0% | +7.1% | +2.4% |
| 2015 | +14.7% | −26.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +37.6% | −16.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +82.1% | −11.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +34.8% | −22.4% | +16.0% | +18.1% | +3.8% |
| 2011 | +0.0% | −30.8% | +1.9% | +3.4% | +7.7% |
| 2010 | +36.9% | −30.4% | +15.1% | +19.9% | +6.4% |
| 2009 | +121.2% | −34.4% | +26.4% | +54.7% | +3.0% |
| 2008 | −72.9% | −78.6% | −36.8% | −41.7% | +7.9% |
| 2007 | +29.0% | −22.1% | +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.
QLD largest drawdowns
Now 14.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 31, 2007 | −83.1% | Mar 9, 2009 | Mar 19, 2012 | 1.4 years | 4.4 years |
| Nov 19, 2021 | −63.7% | Dec 28, 2022 | May 24, 2024 | 1.1 years | 2.5 years |
| Feb 19, 2020 | −51.7% | Mar 20, 2020 | Jul 1, 2020 | 30 days | 4 months |
| Aug 29, 2018 | −42.5% | Dec 24, 2018 | Jul 10, 2019 | 4 months | 10 months |
| Dec 16, 2024 | −42.3% | Apr 8, 2025 | Jul 17, 2025 | 4 months | 7 months |
| Nov 4, 2015 | −30.7% | Feb 9, 2016 | Jul 29, 2016 | 3 months | 9 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QLD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +48.1% | +21.6% | +33.5% | +25.5% |
| Volatility (annualized) | 35.6% | 42.1% | 38.8% | 37.9% |
| Sharpe ratio | 1.16 | 0.59 | 0.89 | 0.76 |
| Sortino ratio | 2.52 | 0.97 | 1.50 | 1.21 |
| Best month | +32.9% | +32.9% | +32.9% | +32.9% |
| Worst month | −15.6% | −26.0% | −26.0% | −33.6% |
| Best 12 months | +88.4% | +117.7% | +161.6% | +161.6% |
| Worst 12 months | +1.8% | −60.5% | −60.5% | −73.6% |
| Positive months | 64% | 60% | 65% | 63% |
| Beta vs S&P 500 | 2.61 | 2.45 | 2.32 | — |
| Correlation with S&P 500 | 0.91 | 0.91 | 0.92 | — |
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.
QLD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 233 | −73.6% | +36.9% | +161.6% | 82% |
| 3-year (a year) | 209 | −17.6% | +31.1% | +74.4% | 91% |
| 5-year (a year) | 185 | −1.3% | +30.0% | +56.5% | 99% |
| 10-year (a year) | 125 | +15.8% | +30.7% | +43.1% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
QLD performance overview
ProShares Ultra QQQ (QLD) returned +22.3% over the past year and +32.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +24.7% a year, turning $10,000 into about $893,672. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −83.1%, from Oct 31, 2007 to Mar 9, 2009, and it took 3.0 years to get back to the old high. QLD finished 16 of its 19 full calendar years with a gain; the best year was 2009 (+121.2%) and the worst 2008 (−72.9%). Volatility has been 37.9% a year.
Related: QLD chart, QLD holdings, QLD dividends, QLD valuation. See the QLD overview for the latest quote and fund facts.
QLD performance FAQ
What is the QLD return over the past year?
QLD returned +22.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 22.1%.
What is the average annual return of QLD?
QLD has returned +17.1% a year over 5 years, +32.2% a year over 10 years, +24.7% a year since June 21, 2006 (total return, distributions reinvested).
How much would $10,000 invested in QLD be worth?
$10,000 invested in QLD at its first recorded close on June 21, 2006 would be worth about $893,672 on October 23, 2026 with distributions reinvested.
What was the worst year for QLD?
The worst calendar year was 2008, with a total return of −72.9%. The best was 2009 at +121.2%.
What is the biggest drawdown of QLD?
The largest peak-to-trough decline was −83.1% between October 31, 2007 and March 9, 2009. It recovered to the old high on March 19, 2012, 3.0 years after the bottom.
How volatile is QLD?
Over the past 3 years QLD had an annualized volatility of 35.6% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).