ProShares UltraPro Short QQQ (SQQQ)
Ticker SQQQ · US exchange · Index Nasdaq 100
ProShares UltraPro Short QQQ is a leveraged ETF from the United States. For each single trading day, it aims for minus three times the daily return of the Nasdaq 100. On August 31, 2026 it held no stocks; its assets consisted of derivatives and short-term investments. The prospectus states an expense ratio of 0.95% a year.
Alysly Data Analysis: SQQQ
SQQQ by the Numbers
In our price series since September 16, 2024, the price fell as much as 88.0% below its previous high, with annualized volatility of 64.1%.
SQQQ Holdings: All 0 Stock Positions
as of Aug 31, 2026 · SEC Form N-PORT · weight in % of net assets
Asset Mix
Data and Charts: SQQQ
About SQQQ
SQQQ is the mirror image of TQQQ: the fund aims for minus three times the daily return of the Nasdaq 100. If the index rises 1% in a day, the fund should fall about 3%, and the other way around.
SQQQ holds no stocks for this. Its assets consist of cash, short-term US Treasury bills and money market holdings that serve as collateral, plus swaps and futures that gain when the index falls. In the holdings report the swaps therefore show a negative value when the index has risen.
For a fund that bets on falling prices, the long-term path is especially unfavorable. Stock indexes have mostly risen over long periods, and every rise reduces the fund's assets. The daily reset adds to this: after a gain for the fund it has to increase its short exposure, after a loss it has to reduce it. In choppy sideways markets the fund loses value even if the index ends up where it started.
The share price has fallen sharply over the years. ProShares has therefore consolidated shares several times to bring the price back into a normal trading range; the value of a holding does not change as a result. The figures section compares the one-year return with minus three times QQQ.
SQQQ Price History
The chart shows daily closing prices and is set to the current year by default. The price is down 47.0% year to date and down 43.8% over twelve months. The last recorded close on October 28, 2026, was at 8% of the 52-week range.
Price series from our database since Sep 16, 2024, 532 daily values.
SQQQ Performance
| Trailing (1Y) | -43.8% | Year to date | -47.0% |
|---|---|---|---|
| Calendar year 2025 | -56.0% |
Measured in euros, SQQQ is down 44.1% year to date and down 41.3% over twelve months. The difference from the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.
Fundamental Analysis: SQQQ
Availability in the EU
Retail investors in the EU usually cannot buy this fund. Banks and brokers may only offer it with a key information document under the PRIIPs regulation, and US ETFs rarely have one. Unleveraged UCITS ETFs on the Nasdaq 100 in our coverage:
- iShares NASDAQ 100 UCITS ETF (DE) · TER 0.30%
- Xtrackers Nasdaq 100 UCITS ETF 1c
- Xtrackers Nasdaq 100 UCITS ETF 1d
How Daily Leverage Works
Because the leverage is reset every day, the return over several days does not equal minus three times the index return. In volatile markets it usually falls short. If the index rose by more than a third in a single day, the fund's assets would in theory be wiped out. In our price database, QQQ moved +14.6% from October 28, 2025 to October 28, 2026. Minus three times that would have been −43.9%; SQQQ returned −43.8%.