VanEck Gold Miners ETF vs ProShares Ultra QQQ ETF — how do they compare? VanEck Gold Miners ETF trades at $91.67, while ProShares Ultra QQQ ETF trades at $92.17. The key difference: ProShares Ultra QQQ ETF is trading nearer its 52-week high, VanEck Gold Miners ETF nearer its low. Which is the better fit depends on your goals.
| GDX | QLD | |
|---|---|---|
52-Week High | $115.84 | $100.53 |
52-Week Low | $56.60 | $57.16 |
Sector | — | Leveraged / Inverse |
Trailing returns across standard periods
Latest headlines on both assets
The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. The index is a modified market-capitalization weighted index primarily comprised of publicly traded companies involved in the mining for gold and silver. The fund is non-diversified.
Read more on GDX →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.
Read more on QLD →