ProShares Ultra QQQ ETF vs State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF — how do they compare? ProShares Ultra QQQ ETF trades at $88.9, while State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF trades at $24.87. The key difference: ProShares Ultra QQQ ETF is trading nearer its 52-week high, State Street SPDR Bloomberg Shrt Trm Hg Yld Bd ETF nearer its low. Which is the better fit depends on your goals.
| QLD | SJNK | |
|---|---|---|
Sector | Leveraged / Inverse | Sector/Thematic |
52-Week High | $100.53 | $25.63 |
52-Week Low | $57.16 | $24.75 |
Trailing returns across standard periods
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 →SJNK invests in U.S. dollar-denominated high-yield corporate bonds with short-term maturities (under five years). It offers higher yields than investment-grade funds but with less interest rate sensitivity than longer-term junk bond ETFs.
Read more on SJNK →