ProShares UltraPro Short QQQ ETF vs Utilities Select Sector SPDR Fund — how do they compare? ProShares UltraPro Short QQQ ETF trades at $40.28, while Utilities Select Sector SPDR Fund trades at $44.86. The key difference: Utilities 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 | XLU | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $97.60 | $47.73 |
52-Week Low | $36.31 | $41.31 |
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 →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 securities of companies from the following industries: electric utilities; water utilities; multi-utilities; independent power and renewable electricity producers; and gas utilities. The fund is non-diversified.
Read more on XLU →