QLD returns: 10-year, yearly and since 2006
ProShares Ultra QQQ. Funds that aim for twice the daily move of an index, or the opposite of it. Over longer periods the result differs from twice the index return.
Data updated November 2026
QLD · US exchange · USDCategory: Leveraged and inverse ETFsData from November 2006
QLD 10-year return
+22.1% a year
November 2016 to November 2026, dividends reinvested
- 1 year
- −1.2%
- 3 years
- +5.5%
- a year
- 5 years
- −4.2%
- a year
- Since 2006
- +18.1%
- a year
$10,000 in QLD from November 2006
$278,277
+2683% in total, +18.1% a year on average, with dividends reinvested, in US dollars.
- Calendar years with a gain
15 of 19
Best 2009, +121.2%. Worst 2008, −72.9%.
- Deepest fall
−84.0%
Oct 2007 to Mar 2009. Back to the previous high 4.8 years after the peak.
- Annual volatility
45.5%
How much returns swing around their average. Worst single month: −40.9%.
- At the last close
39.7% below its high
November 5, 2026.
Returns to November 2026
1 year
3 years
a year
5 years
a year
10 years
a year
Since 2006
a year
Total return to the last close, dividends reinvested. Periods longer than a year are annualised. SPY is SPDR S&P 500 ETF Trust, shown for reference.
What holding QLD was like
Every stretch of 1, 3, 5 and 10 years since November 2006, starting at each month-end. The bar runs from the worst stretch to the best; the mark is the middle one. Held for 10 years, QLD never lost money: the worst stretch still returned +14.2% a year.
Held 1 year
229 periods
76% of periods ended with a gain
Held 3 years
205 periods, a year
93% of periods ended with a gain
Held 5 years
181 periods, a year
98% of periods ended with a gain
Held 10 years
121 periods, a year
100% of periods ended with a gain
Falls and recoveries
How far QLD was below its previous high, week by week.
| Fall | From the high of | To the low of | Falling for | Back to the high |
|---|---|---|---|---|
| −84.0% | Oct 2007 | Mar 2009 | 16 months | Sep 2012, 4.8 years later |
| −62.2% | Nov 2021 | Nov 2022 | 12 months | Jun 2024, 2.6 years later |
| −61.2% | Dec 2024 | May 2025 | 5 months | Not yet |
| −51.5% | Feb 2020 | Mar 2020 | 1 months | Jul 2020, 5 months later |
| −34.9% | Jul 2018 | Dec 2018 | 5 months | Jul 2019, 12 months later |
Year by year
QLD ended 15 of 19 full calendar years higher. The average gain in an up year was +54.3%, the average loss in a down year −44.2%.
YTD: from 1 January to the last close. 2006 starts at the first price, November 2006.
Example: $500 a month for 10 years
Put in from Dec 2016
$60,000
Worth at the last close
$125,124 +109%
At no month-end was the account worth less than the money put in.
Try your own amount and datesInvested at each month-start, dividends reinvested, before trading costs and taxes.
QLD against SPY
Correlation of monthly returns
0.86
Over 239 months: they usually moved together.
In months when SPY rose
2.18×
QLD rose 2.18 times as much, on average.
In months when SPY fell
2.18×
QLD fell 2.18 times as much, on average.
Growth of $10,000 from December 2006, the first month both funds have data.
QLD compared
Questions
What is the average annual return of QLD?
From November 2006 to November 2026 QLD returned 18.1% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: −4.2% a year. Over the last 12 months: −1.2%.
What was the worst drawdown of QLD?
84.0%, from October 2007 to March 2009; it took about 58 months from the previous high to get back to it.
Has QLD ever lost money over 10 years?
Of the 121 10 years periods from month-end to month-end since November 2006, none ended with a loss. The worst returned +14.2% a year (to Nov 2016), the best +42.7% a year.
How volatile is QLD?
Annual volatility was 45.5% over the period. Its worst month was −40.9% and 62% of months were positive. Worst calendar year: 2008 (−72.9%).
How closely does QLD follow SPY?
Over 239 months the correlation of monthly returns was 0.86, so they usually moved together, with a beta of 2.21.
Use QLD in a free tool
Other Leveraged and inverse ETFs
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. Holding periods, the monthly-investing example and the comparison with other funds use month-end values; drawdowns and volatility use daily closes.
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.