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QLD takes a much heavier tilt into technology and communication services than SSO. Both funds deliver similar one-year total returns, but QLD has shown deeper historical drawdowns.

ProShares Ultra QQQ (NYSEARCA:QLD - Get Free Report) shares traded up 0.5% during trading on Wednesday. The company traded as high as $70.52 and last traded at $69.52. 4,045,347 shares changed hands during trading, a decline of 30% from the average session volume of 5,738,713 shares. The stock had previously closed at $69.18. ProShares

SOXL and QLD both use daily leverage resets, but SOXL amplifies semiconductor sector moves while QLD targets the broader tech-heavy Nasdaq-100. SOXL saw a 103.9% one-year return as of Feb. 4, 2026, but with a much deeper five-year drawdown and higher volatility than QLD.

QLD carries a higher expense ratio and a much lower yield compared to SSO. QLD delivered a stronger one-year return but experienced a substantially deeper five-year drawdown.

Explore how QLD's tech-heavy approach stacks up against SSO's broader diversification for leveraged ETF investors.