ETF Evaluator:
ProShares Nasdaq-100 Drsy Wght Momt ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Growth Over the Last Year
| 58.0% | ProShares Nasdaq-100 Drsy Wght Momt ETF (QQQA) |
| 49.0% | F/m Emerald Special Situations ETF (SPIT) |
| 45.1% | Grizzle Growth ETF (DARP) |
| 41.9% | MarketDesk Focused U.S. Momentum ETF (FMTM) |
| 34.1% | US Vegan Climate ETF (VEGN) |
Risk
Index
Risk
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ETF Details
ProShares Nasdaq-100 Drsy Wght Momt ETF Overview
ProShares Nasdaq-100 Drsy Wght Momt ETF (QQQA) is a passively managed U.S. Equity Large Growth exchange-traded fund (ETF). ProShares launched the ETF in 2021.
The investment seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100 Dorsey Wright Momentum Index (the “index”).
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of the 21 securities from the index with the highest momentum. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
About ProShares Nasdaq-100 Drsy Wght Momt ETF (QQQA)
There are 2 members of the management team with an average tenure of 5.21 years: Michael Neches (2021) and Devin Sullivan (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: NASDAQ Composite TR USD index with a weighting of 100% and Nasdaq-100 Dorsey Wright Momentum USD index with a weighting of 100%. ProShares Nasdaq-100 Drsy Wght Momt ETF has 23 securities in its portfolio. The top 10 holdings constitute 51.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ProShares Nasdaq-100 Drsy Wght Momt ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. ProShares Nasdaq-100 Drsy Wght Momt ETF has 4.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.4% There is 4.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProShares Nasdaq-100 Drsy Wght Momt ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $69 million in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
QQQA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProShares Nasdaq-100 Drsy Wght Momt ETF expense ratio is average compared to funds in the Large Growth category. ProShares Nasdaq-100 Drsy Wght Momt ETF has an expense ratio of 0.58%, which is 18% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProShares Nasdaq-100 Drsy Wght Momt ETF has a portfolio turnover rate of 124%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, ProShares Nasdaq-100 Drsy Wght Momt ETF returned -16.3%, which earned it a grade of F, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ProShares Nasdaq-100 Drsy Wght Momt ETF has a trailing yield of 0.03%, which is below the 0.53% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProShares Nasdaq-100 Drsy Wght Momt ETF Grades
Year to date, the ETF has returned 42.5%, 36.3 percentage points better than the category, which translates into a grade of A. The fund has returned 58.0% over the past year (grade of A), 24.7% over the past three years (grade of A) and 10.2% per year over the past five years (grade of C).
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QQQA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QQQA Return (NAV) | -16.3% | 6.7% | 58.0% | 24.7% | 10.2% | na |
| QQQA Return (Price) | -16.4% | 6.7% | 58.2% | 24.7% | 10.3% | na |
| NAV +/- Price Return | 0.058% | -0.001% | -0.238% | -0.001% | -0.018% | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| QQQA Grade (NAV) | F | A | A | A | C | na |
| +/- Category (NAV) | -12.6% | 4.0% | 44.9% | 5.1% | 0.4% | na |
| QQQA Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
QQQA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QQQA Return (NAV) | 42.5% | 9.9% | 16.2% | 24.6% | -29.1% | na | na | na | na | na | na |
| QQQA Return (Price) | 42.6% | 9.9% | 16.2% | 24.6% | -29.1% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.003% | 0.001% | -0.001% | 0.000% | -0.001% | na | na | na | na | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| QQQA Grade (NAV) | A | F | F | F | C | na | na | na | na | na | na |
| +/- Category | 36.3% | -7.0% | -14.3% | -14.0% | 1.6% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.74 |
| R-Squared: | 58% |
| Standard Deviation: | 29.8% |
| Category Risk Index: | 1.62 |
| Category Risk Rating: | High |
| Total Risk Index: | 2.43 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 69 Mil |
| Share Class Assets: | $ 69 Mil |
| Turnover: | 124.0% |
| Expense Ratio: | 0.58% |
| Index Fund: | Yes |
| Index Tracked: | NASDAQ Composite TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.2 years | |||
| Average Tenure: 5.2 years | |||
| Managers (Year): Neches Michael (2021), Sullivan Devin (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 23 |
| % in Top 10 Holdings: | 51.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.5% |
Portfolio Allocation |
|
| Domestic Stock: | 95.4% |
| Foreign Stock: | 4.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ProShares |
| Phone Number: | 866-776-5125 |
| Website: | www.proshares.com |
| Inception Date: | May 18, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.58% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.49% |
