ATLASProShares UltraPro Short QQQ (SQQQ): outlook, holdings and fees
ProShares UltraPro Short QQQ (SQQQ) is an exchange-traded fund and is managed by ProShares. The expense ratio is 0.99% and the yield is 9.38%. The ten largest holdings are 305% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SQQQ
| Last price | $41.61 (-0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 47% |
| Likely 1-month range (50%) | $36.57 – $46.12 |
| Normal 1-day range (±1σ) | ±4.0% |
| Distribution yield | 9.38% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SQQQ fund facts
| Issuer | ProShares |
|---|---|
| Theme | Inverse (short) |
| Assets under management | $2.1B |
| Expense ratio | 0.99% |
| Number of holdings | 10 |
| Portfolio turnover | 0% |
| Inception | Feb 9, 2010 |
| Exchange | NASDAQ |
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
SQQQ top holdings
| Holding | Sector | Weight |
|---|---|---|
| Nasdaq 100 Index Swap Goldman Sachs International | – | 56.70% |
| Nasdaq 100 Index Swap Barclays Capital Citibank Na | – | 41.74% |
| Nasdaq 100 Index Swap Citibank Na | – | 44.03% |
| Nasdaq 100 Index Swap Ubs Ag | – | 36.54% |
| Nasdaq 100 Index Swap Societe Generale | – | 33.96% |
| Nasdaq 100 Index Swap Jp Morgan Securities | – | 34.88% |
| Nasdaq 100 Index Swap Bnp Paribas | – | 25.26% |
| Nasdaq 100 Index Swap Bank Of America Na | – | 12.29% |
| Nasdaq 100 Index Swap Morgan Stanley & Co. International Plc | – | 9.86% |
| United States Treasury Bills | – | 9.52% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SQQQ returns and risk
| Year to date | -50.4% |
|---|---|
| 1 year | -53.7% |
| 3 years (annualised) | -55.4% |
| 5 years (annualised) | -48.9% |
| 10 years (annualised) | -54.8% |
| Volatility (3 years) | 48.3% |
| Sharpe ratio (3 years) | -1.68 |
Past returns do not guarantee future results.
SQQQ: frequently asked questions
What does SQQQ invest in?
ProShares UltraPro Short QQQ invests in a portfolio of securities. Its largest holdings are Nasdaq 100 Index Swap Goldman Sachs International (56.7%), Nasdaq 100 Index Swap Barclays Capital Citibank Na (41.7%), Nasdaq 100 Index Swap Citibank Na (44.0%), Nasdaq 100 Index Swap Ubs Ag (36.5%), Nasdaq 100 Index Swap Societe Generale (34.0%).
What is the SQQQ expense ratio?
0.99% a year: about $99.00 for every $10,000 invested.
What is the SQQQ dividend yield?
9.38%. ATLAS does not hold the exact distribution dates for ETFs.
Will SQQQ go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 47%, with a likely range (50%) of $36.57 to $46.12 from $41.61 today. It is a probability, not a prediction.
How has SQQQ performed?
Year to date -50.4%, one year -53.7%, three years -55.4% a year, five years -48.9% a year. Past returns do not guarantee future results.
Similar ETFs: Inverse (short)
- First Trust Long/Short Equity ETF (FTLS)
- Direxion Daily Semiconductor Bear 3X Shares (SOXS)
- FlexShares Ultra-Short Income Fund (RAVI)
- Convergence Long/Short Equity ETF (CLSE)
- ProShares Short S&P 500 (SH)
- BNY Mellon Ultra Short Income ETF (BKUI)
- VanEck Short High Yield Muni ETF (SHYD)
- VanEck Short Muni ETF (SMB)
Educational information, not investment advice. Disclaimer