Bank of New York Mellon Corp vs ProShares Ultra QQQ ETF — how do they compare? Bank of New York Mellon Corp trades at $161.36 (market cap $108.78B), while ProShares Ultra QQQ ETF trades at $92.2. The key difference: Bank of New York Mellon Corp pays a 1.38% dividend while ProShares Ultra QQQ ETF pays none, and Bank of New York Mellon Corp is trading nearer its 52-week high, ProShares Ultra QQQ ETF nearer its low. Which is the better fit depends on your goals.
| BNY | QLD | |
|---|---|---|
Market Cap | $108.78B | — |
Sector | Financials | Leveraged / Inverse |
52-Week High | $162.35 | $100.53 |
52-Week Low | $101.00 | $57.16 |
Dividend Yield | 1.38% | — |
Trailing returns across standard periods
Latest headlines on both assets
BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $41.1 trillion in under custody and administration (as of Dec. 31, 2020), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.2 trillion in assets.
Read more on BNY →QLD is a leveraged ETF that seeks daily investment results corresponding to 200% of the daily performance of the NASDAQ-100 Index. It achieves 2x leverage by investing in financial instruments such as swaps and is designed as a tactical trading tool for investors with a bullish (long) view on the NASDAQ-100. Due to the effects of compounding and leverage, the ETF is intended to be held for a single day and is not suitable for long-term investment.
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