VanEck Gold Miners ETF vs ProShares UltraPro Short QQQ ETF — how do they compare? VanEck Gold Miners ETF trades at $71.5, while ProShares UltraPro Short QQQ ETF trades at $41.2. The key difference: VanEck Gold Miners ETF is trading nearer its 52-week high, ProShares UltraPro Short QQQ ETF nearer its low. Which is the better fit depends on your goals.
| GDX | SQQQ | |
|---|---|---|
52-Week High | $115.84 | $97.60 |
52-Week Low | $51.15 | $36.31 |
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 →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 →