PowerShares - UltraShort QQQ Symbol: QID

The UltraShort QQQ fund, symbol QID, is an exchange traded fund (ETF) within the PowerShares family. There is one other fund which has an extremely return profile to QID, which is SQQQ, an exchange traded fund (ETF) from PowerShares.

What is similar to QID?

There is one other fund we track which has both daily movements and a return profile that are very similar to PowerShares's UltraShort QQQ, but not identical, which is PowerShares - UltraPro Short QQQ.
Similarity Symbol Fund Family Fund Name Compare
Extremely Similar SQQQ PowerShares UltraPro Short QQQ

Which PowerShares funds are most similar to QID?

Similarity Symbol Fund Family Fund Name Compare
Extremely Similar SQQQ PowerShares UltraPro Short QQQ
Very Similar PSQ PowerShares Short QQQ
Similar REW PowerShares UltraShort Technology
Similar SDS PowerShares UltraShort S&P500
Similar SH PowerShares Short S&P500

Which Non-PowerShares funds are most similar to QID?

We don't track any Non-PowerShares funds which are similar enough to QID to be practically useful.

Which PowerShares funds are negatively correlated to QID?

Correlation Symbol Fund Family Fund Name Compare
-97.6% QLD PowerShares Ultra QQQ
-96.7% TQQQ PowerShares UltraPro QQQ
-95.8% ROM PowerShares Ultra Technology
-89.9% SSO PowerShares Ultra S&P500
-88.9% CSM PowerShares Large Cap Core Plus
-88.7% UPRO PowerShares UltraPro S&P500
-87.6% TDV PowerShares S&P Technology Dividend Aristocrats ETF
-86.1% USD PowerShares Ultra Semiconductors
-82.9% SPXE PowerShares S&P 500 Ex-Energy ETF
-82.7% DDM PowerShares Ultra Dow30

Which Non-PowerShares funds are negatively correlated to QID?

Correlation Symbol Fund Family Fund Name Compare
-98.4% QQQ Investco QQQ Trust
-97.2% FNCMX Fidelity Nasdaq Composite Index Fund
-97.0% IGM iShares Expanded Tech Sector ETF
-96.9% IYW iShares U.S. Technology ETF
-96.8% VRGWX Vanguard Mutual Funds Russell 1000 Growth Index Fund Institutional Shares
-96.7% VITAX Vanguard Mutual Funds Information Technology Index Fund Admiral Shares
-96.6% VMGAX Vanguard Mutual Funds Mega Cap Growth Index Fund Institutional Shares
-96.6% IETC iShares Evolved U.S. Technology ETF
-96.6% VGT Vanguard Information Technology ETF
-96.5% IWY iShares Russell Top 200 Growth ETF

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