ProShares Ultra QQQ
$92.21
-8.2%
Aug 10, 2026
D
WeakGraded against QLD's own history at this drawdown — not the market's.
What it means: QLD's own history does not strongly favor buying at this level yet.
What to do: Consider watching and waiting for a deeper dip or a higher grade.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of 100 of the largest Nasdaq-listed non-financial companies. Under normal circumstances, the fund will obtain leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
Three plain-English paragraphs — current state, historical base rate, and interpretation — so you walk away with context, not a dashboard.
In plain terms: QLD is 8.2% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.
ProShares Ultra QQQ (QLD) sits 8.2% off its peak and is currently in a shallow pullback, last printing at $92.21. Shallow pullbacks like this are routine — historically ETFs assets revisit a 5-10% dip several times a year, and most resolve back to highs within weeks.
Across all available history, QLD has spent enough trading days in the 10%-to-5% drawdown band to build a large sample (702 observations). Dipsern segments these by drawdown depth and computes the rolling median forward 90-day return — that median is the primary signal you see in the full app, and it's substantially more robust than mean-based forecasts because it ignores fat-tail outliers in both directions.
For broad-index ETFs the historical base rate is exceptionally stable; for narrow thematic ETFs (e.g., ARKK, cannabis, leveraged), drawdowns are deeper and the sample size at each band is smaller. Shallow pullbacks are where dip-buying frameworks start to pay off, but only marginally. The median forward return in shallow bands is usually positive but not dramatic.
Five tickers closest to QLD's distance from all-time high. Same category, one tap away.
Dipsern segments the full drawdown range into 20 equal-width bands. The table shows the number of confirmed historical observations in each band for QLD. Median forward returns, win rates, and prediction errors are available in the full analysis.
We segment 40+ years of QLD's price history into 20 equal-width drawdown bands and compute forward median returns, win rates, and prediction error per band. No look-ahead bias. Pure NumPy. Open math, gated numbers.
Years of history
40+
Drawdown bands
20
Look-ahead bias
None
Data sources
4
See the Dipsern grade, median returns, win rates, prediction accuracy, 8 interactive charts, historical price paths, and a plain-English verdict for QLD.
Dipsern is research and a second opinion — not a broker. You'd buy QLD at your own broker.
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Signal computed Aug 10, 2026 using default parameters (90-day return period, 20 segments, 0.95 decay). Data sourced from Yahoo Finance, Binance, CoinGecko, and Steam Market.