The ProShares UltraPro Short QQQ (SQQQ) is a 3x leveraged inverse ETF that tracks the Nasdaq 100, meaning it looks to return the exact results of the Nasdaq 100 index times three. ... The SQQQ is meant to be held intraday and is not a long-term investment, where expenses and decay will quickly eat into returns.

Is there a fee for SQQQ?

Fees Overview

This funds expense ratio fees of 0.95% are lower than other similar funds. Other similar funds have an expense ratio fee of 1.30%.

How does SQQQ and Tqqq work?

Here's how TQQQ works: if the Nasdaq 100 Index rises 1%, TQQQ will generally rise 3%, and vice versa. On the other hand, SQQQ is a leveraged inverse ETF and aims to provide three times the inverse of the Nasdaq 100 Index's daily performance. In other words, if the underlying index falls by 1%, SQQQ should rise by 3%.