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QQQA - ETF AI Analysis
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ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)
Rating:73Outperform
Price Target:
$55.00
Positive Factors
Strong Top Holdings
Several key holdings, such as Micron and Advanced Micro Devices, have delivered strong year-to-date performance, boosting the ETF’s returns.
Sector Diversification
The ETF is spread across multiple sectors, including technology, communication services, and consumer cyclical, reducing reliance on a single industry.
Momentum Strategy
The fund’s focus on momentum stocks aligns with its strong recent performance, making it attractive for growth-oriented investors.
Negative Factors
High Technology Exposure
Nearly half of the ETF is concentrated in the technology sector, making it vulnerable to downturns in tech stocks.
Limited Geographic Diversification
With almost all holdings based in the U.S., the ETF lacks exposure to international markets, reducing global risk protection.
Above-Average Expense Ratio
The fund’s expense ratio is higher than many passive ETFs, which could eat into long-term returns for investors.
QQQA vs. SPDR S&P 500 ETF (SPY)
AUM10.69M
RegionNorth America
Expense Ratio0.58%
Beta1.44
IssuerProShares
Inception DateMay 18, 2021
Dividend Yield0.13%
Asset ClassEquity
Index TrackedNASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume3,779
30 Day Avg. Volume3,192
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
54.66Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering22
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QQQA Summary
The ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) focuses on large-cap companies in the Nasdaq-100 that show strong price trends, following the Nasdaq-100 Dorsey Wright Momentum Index. It includes well-known companies like Tesla and Intel, and spans sectors such as technology, communication services, and consumer cyclical. Investors might consider this ETF for its potential growth and diversification across leading U.S. firms. However, it’s important to note that the ETF is heavily weighted toward tech stocks, meaning its performance can be significantly affected by changes in the technology sector.
How much will it cost me?The expense ratio for QQQA is 0.58%, meaning you’ll pay $5.80 per year for every $1,000 invested. This is higher than average because QQQA is actively managed, focusing on a momentum strategy that requires more frequent adjustments compared to passively managed ETFs.
What would affect this ETF?The QQQA ETF, which focuses on large-cap U.S. companies with a strong momentum strategy, could benefit from continued growth in the technology and consumer cyclical sectors, especially if innovation and consumer demand remain strong. However, it may face challenges from rising interest rates, which can negatively impact growth-oriented stocks, and regulatory changes in the tech and communication services industries. Its heavy reliance on U.S. markets also makes it sensitive to domestic economic conditions.
QQQA Top 10 Holdings
The QQQA ETF leans heavily into the technology sector, with nearly half of its holdings concentrated in tech giants driving performance. AMD and Micron are rising stars, benefiting from strong financial results and strategic investments in advanced technologies, while Lam Research adds steady momentum with robust revenue growth. However, Microchip is lagging, struggling with declining revenue and valuation concerns, which slightly dampens the fund's overall trajectory. Tesla, a consumer cyclical standout, shows mixed signals, with optimistic growth prospects tempered by valuation risks. With its U.S.-centric focus, the fund captures the pulse of innovation but remains vulnerable to sector-specific headwinds.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Warner Bros | 5.92% | $614.67K | $55.95B | 175.27% | 69 Neutral | |
| KLA | 5.45% | $565.71K | $156.82B | 83.24% | 79 Outperform | |
| Micron | 5.38% | $558.16K | $244.73B | 112.38% | 73 Outperform | |
| Lam Research | 5.31% | $551.46K | $195.66B | 114.96% | 77 Outperform | |
| Advanced Micro Devices | 5.21% | $540.86K | $405.79B | 72.33% | 78 Outperform | |
| Amazon | 5.16% | $535.79K | $2.67T | 20.39% | 76 Outperform | |
| Palantir Technologies | 4.87% | $505.46K | $452.50B | 243.49% | 74 Outperform | |
| Nvidia | 4.86% | $504.47K | $4.83T | 36.45% | 85 Outperform | |
| Broadcom | 4.86% | $504.33K | $1.66T | 96.01% | 76 Outperform | |
| Tesla | 4.81% | $499.79K | $1.48T | 76.69% | 73 Outperform |
QQQA Technical Analysis
Positive
―
Price Trends
47.27
Positive
46.02
Positive
45.07
Positive
Market Momentum
0.88
Negative
58.43
Neutral
59.34
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QQQA, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 49.07, equal to the 50-day MA of 47.27, and equal to the 200-day MA of 45.07, indicating a bullish trend. The MACD of 0.88 indicates Negative momentum. The RSI at 58.43 is Neutral, neither overbought nor oversold. The STOCH value of 59.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QQQA.
QQQA Peer Comparison
Comparison Results
Performance Comparison
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF
50.17
4.61
10.12%
BMVP
Invesco Bloomberg Mvp Multi-Factor Etf
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ONEO
SPDR Russell 1000 Momentum Focus ETF
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BCUS
Bancreek U.S. Large Cap ETF
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UPSD
Aptus Large Cap Upside ETF
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HUSV
First Trust Horizon Managed Volatility Domestic ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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