ProShares UltraPro Short QQQ ETF vs Energy Select Sector SPDR Fund — how do they compare? ProShares UltraPro Short QQQ ETF trades at $40.5, while Energy Select Sector SPDR Fund trades at $58.47. The key difference: Energy Select Sector SPDR Fund 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 | XLE | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $97.60 | $62.57 |
52-Week Low | $36.31 | $42.12 |
Trailing returns across standard periods
Latest headlines on both assets
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 →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as energy companies by the GICS®, including securities of companies from the following industries: oil, gas and consumable fuels; and energy equipment and services. It is non-diversified.
Read more on XLE →