QQQP

📎 Investment Objective

The QQQP ETF seeks to provide 2x the daily performance of the NASDAQ-100 Index, which tracks the 100 largest non-financial companies listed on the Nasdaq Stock Market.

✨ Key Features

• Provides 2x daily exposure to the NASDAQ-100 Index, which is heavily weighted towards large-cap technology and innovation companies
• Uses derivatives and leverage to magnify daily returns, resulting in higher volatility and risk
• Resets its leverage daily, so longer-term returns may differ significantly from 2x the index performance
• Relatively new fund with limited performance history and low assets under management

⚠️ Primary Risks

• Significant daily volatility and potential for large losses due to the leveraged nature of the fund
• Potential for divergence between the fund's returns and 2x the index over longer time periods
• Liquidity risk due to the fund's small asset base
• Counterparty risk associated with the derivatives used to achieve the 2x leverage

👤 Best For

This ETF is best suited for experienced, risk-tolerant investors with a very short-term investment horizon who are looking for magnified exposure to the performance of large-cap technology and innovation companies. It is not recommended for long-term buy-and-hold investors due to the daily resetting of leverage and potential for significant volatility and divergence from the underlying index.