QLD
QLD is an exchange-traded fund (ETF) that aims to provide twice the daily return of the NASDAQ-100 Index. It is a leveraged ETF that seeks 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 – Jun 17, 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
5.83%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
42.80%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
23.13%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
40.71%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.88
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
3.31
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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Boost Performance NowFrequently Asked Questions
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QLD aims to deliver twice the daily performance of the NASDAQ-100 Index. Therefore, if the NASDAQ-100 Index increases by 1% in a day, QLD seeks to increase by approximately 2%. However, due to the daily resetting of leverage, performance over longer periods may differ significantly from 2x the index’s performance due to compounding effects.
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Unlike unleveraged ETFs like QQQ, which aim to track the NASDAQ-100 Index directly, QLD seeks to provide twice the daily return of the index. This leverage can result in higher potential returns but also greater risks, including amplified losses and increased volatility.
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Factors that can affect the performance of QLD 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 performance of the ETF.
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The historical performance of QLD reflects its objective to deliver twice the daily return of the NASDAQ-100 Index. Due to the effects of daily rebalancing and compounding, the ETF's long-term performance can differ significantly from twice the index’s performance. It is important to review the ETF’s historical performance data to understand its behavior over various time frames.
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Investors can purchase shares of QLD through a brokerage account, just like other stocks and ETFs. It is traded on the NASDAQ stock exchange under the ticker symbol "QLD."
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Similar ETFs to QLD include ProShares UltraPro QQQ (TQQQ), which seeks to provide 3x the daily return of the NASDAQ-100 Index, and Invesco QQQ Trust (QQQ), which tracks the NASDAQ-100 Index without leverage. These ETFs offer different levels of exposure to the NASDAQ-100 Index.
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Key performance metrics for QLD include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely QLD follows its leverage goal relative to the NASDAQ-100 Index.
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QLD 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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QLD 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 twice the performance of the NASDAQ-100 Index over longer periods due to the effects of daily rebalancing and compounding.
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As of the latest update, QLD 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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