ProShares UltraPro Short QQQ ETF vs United States Oil ETF — how do they compare? ProShares UltraPro Short QQQ ETF trades at $40.48, while United States Oil ETF trades at $129.12. The key difference: United States Oil 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.
| SQQQ | USO | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $97.60 | $152.96 |
52-Week Low | $36.31 | $66.17 |
Trailing returns across standard periods
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 →This ETF invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.
Read more on USO →