QLD: The ProShares 2X Nasdaq 100 Fund Has A Strong Long Term Track Record

Nov. 30, 2022 9:13 AM ETProShares Ultra QQQ ETF (QLD)IVV, QQQ, SPY, UPRO, VEA, VOO, VTI, VTV3 Comments
Michael James McDonald profile picture
Michael James McDonald


  • Since February 6th, 2010, QLD has generated an average annual return of 28.5%.
  • Since January 1st, 2020, which includes two bear markets, it's up 28.9%.
  • We currently think QLD is a buy because we view the entire market as a buy because of the extreme levels of bearish pessimism currently around.

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In two prior articles (here) and (here), we discussed the long-term results of investing in the 3X ProShares S&P 500 fund (UPRO) and the 2X ProShares 500 fund SSO since 2010. Now we want

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Long Term Graph of QLD versus QQQ (Michael McDonald)

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QQQ and QLD through the two bear markets of the last three years. (Michael McDonald)

This article was written by

Michael James McDonald profile picture
Michael James McDonald is a stock market forecaster, author and former Senior Vice President of Investments at what is now Morgan Stanley. He is a long-term advocate of the theory of contrary opinion and the measurement of investor sentiment when forecasting price direction.His first book, " A Strategic Guide to the Coming Roller Coaster Market" was published in June of 2000, three months before the top of the dot comm market. On its cover was written, "How a new model of the stock market predicts the end of the 18-year bull market (1982-2000) and the beginning of a new era." The "new era" was to be a long-term (roller coaster) trading range market, which did materialize between 2000 and 2009.Then, on August 31st, 2010, in a SA article titled: "The 10 Year Trading Range Is Over - The 'Final Stampede' Has Begun", he called an end to this trading range market and the beginning of another long-term bull market, which also came about. Through his company the Sentiment King, he continues to study and do what he loves - research and attempt to successfully forecast major stock trends - and help others see them too.

Disclosure: I/we have a beneficial long position in the shares of QLD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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