QID
QID is an exchange-traded fund (ETF) that aims to provide twice the inverse of the daily return of the NASDAQ-100 Index. It is a leveraged inverse ETF designed to achieve -2x the daily performance of the index, which consists of 100 of the largest non-financial companies listed on the NASDAQ stock exchange.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Oct 7, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-11.77%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
-14.07%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
48.46%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
40.70%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
-1.36
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
-1.14
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Experience Excellence NowFrequently Asked Questions
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Factors that can affect the performance of QID include market volatility, changes in the NASDAQ-100 Index, the effectiveness of leverage implementation, and the costs associated with maintaining leverage. Additionally, overall market conditions and macroeconomic factors can influence the ETF’s performance.
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QID distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying securities and derivative contracts in the ETF’s portfolio.
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Similar ETFs to QID include ProShares UltraPro Short QQQ (SQQQ), which seeks to provide -3x the daily return of the NASDAQ-100 Index, and ProShares Short QQQ (PSQ), which aims for -1x the daily return of the index. These ETFs offer different levels of inverse exposure to the NASDAQ-100 Index.
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QID aims to deliver twice the inverse daily performance of the NASDAQ-100 Index. For example, if the NASDAQ-100 Index decreases by 1% in a day, QID seeks to increase by approximately 2%. Due to the daily resetting of leverage, long-term performance may differ significantly from -2x the index’s performance because of compounding effects.
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QID carries several risks including leverage risk, volatility risk, and tracking error. Leverage can amplify gains but also magnify losses. The ETF’s performance can be highly volatile and may deviate significantly from -2x the performance of the NASDAQ-100 Index over longer periods due to the effects of daily rebalancing and compounding.
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QID rebalances its portfolio daily to maintain its leverage ratio of -2x the daily return of the NASDAQ-100 Index. This daily rebalancing involves adjusting its derivative positions to ensure it meets its performance objective.
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Investors can purchase shares of QID through a brokerage account, just like other stocks and ETFs. It is traded on the NASDAQ stock exchange under the ticker symbol "QID."
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QID is an inverse leveraged ETF that seeks to provide -2x the daily return of the NASDAQ-100 Index, meaning it benefits from declines in the index. In contrast, leveraged ETFs like QLD aim to provide positive leverage, specifically 2x the daily return of the index. While QLD seeks to amplify gains in a rising market, QID aims to amplify gains in a declining market.
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Yes, QID can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged inverse nature and higher risk profile, it is important for investors to carefully consider their investment goals and risk tolerance before including QID in a retirement portfolio.
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As of the latest update, QID has an expense ratio of approximately 0.95%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF and maintaining leverage.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
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