ProShares UltraPro Short QQQ ETF vs Financial Select Sector SPDR Fund — how do they compare? ProShares UltraPro Short QQQ ETF trades at $40.28, while Financial Select Sector SPDR Fund trades at $56.07. The key difference: Financial 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 | XLF | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $97.60 | $56.75 |
52-Week Low | $36.31 | $47.80 |
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 →The fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: diversified financial services; insurance; banks; capital markets; mortgage real estate investment trusts; consumer finance; thrifts; and mortgage finance. The fund is non-diversified.
Read more on XLF →