ProShares Ultra QQQ ETF (QLD) shows 10,000% return over 20 years but carries high risk in downturns.

The ProShares Ultra QQQ ETF (QLD) has delivered an impressive total return of over 10,000% since its inception more than 20 years ago, highlighting its powerful compounding ability. As a daily leveraged ETF, QLD can generate outsized gains during market upswings but also poses a significant risk of total capital loss during sharp market downturns. Investors are advised to carefully consider QLD's risk-return profile and ensure it fits their investment objectives before including it in their portfolios. The article revisits QLD with a focus on its suitability for investors rather than just explaining its mechanics.