Consolidated Edison, Inc. vs ProShares UltraPro Short QQQ ETF — how do they compare? Consolidated Edison, Inc. trades at $107.5 (market cap $39.76B), while ProShares UltraPro Short QQQ ETF trades at $37.39. The key difference: Consolidated Edison, Inc. pays a 3.27% dividend while ProShares UltraPro Short QQQ ETF pays none, and Consolidated Edison, Inc. is trading nearer its 52-week high, ProShares UltraPro Short QQQ ETF nearer its low. Which is the better fit depends on your goals.
| ED | SQQQ | |
|---|---|---|
Market Cap | $39.76B | — |
Sector | Utilities | Leveraged / Inverse |
52-Week High | $115.46 | $92.95 |
52-Week Low | $95.37 | $36.31 |
Enterprise Value | $66.61B | — |
Dividend Yield | 3.27% | — |
Trailing returns across standard periods
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities will generate nearly all of Con Ed's earnings once it closes the sale of its clean energy business to RWE. Con Ed's clean energy business owns the second-largest portfolio of utility-scale solar projects in the U.S. Following the sale, Con Ed's only non-utility earnings will come from investments in gas and electric transmission.
Read more on ED →SQQQ is a leveraged inverse ETF that seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index. It is a tactical trading tool designed for sophisticated investors to profit from or hedge against declines in large-cap technology and growth stocks. Due to its daily reset and the effects of compounding, it is intended for short-term use and carries significant risk if held during periods of high market volatility.
Read more on SQQQ →