QQQA - ETF AI Analysis
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ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, showing that its momentum-focused approach has recently worked well.
Top Holdings with Strong Momentum
Many of the largest positions, especially in technology and cybersecurity, have shown strong price gains, helping drive the fund’s overall returns.
Sector Diversification Within Growth Areas
The fund spreads its investments across several growth-oriented sectors like technology, communication services, consumer stocks, and industrials, reducing reliance on any single industry.
Negative Factors
High Technology Concentration
More than half of the portfolio is in technology stocks, which can make the ETF more sensitive to swings in the tech sector.
Recent Short-Term Weakness
The ETF has shown weak performance over the past month, including a notable lagging move in a top holding like DoorDash, which may signal short-term volatility.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, meaning a larger share of returns goes toward fees instead of staying in investors’ pockets.
QQQA vs. SPDR S&P 500 ETF (SPY)
AUM53.47M
RegionNorth America
Expense Ratio0.58%
Beta1.44
IssuerProShares
Inception DateMay 18, 2021
Dividend Yield0.03%
Asset ClassEquity
Index TrackedNASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume20,943
30 Day Avg. Volume49,991
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
87.53Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering21
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QQQA Summary
QQQA is an exchange-traded fund (ETF) that follows the Nasdaq-100 Dorsey Wright Momentum Index, which picks large U.S. companies whose stock prices have been rising strongly. It mainly holds big tech and growth names, including well-known companies like AMD and ASML, along with other leading technology, industrial, and consumer firms. Someone might invest in QQQA if they want growth potential from fast-rising stocks while still spreading money across many companies. A key risk is that momentum stocks can fall quickly when trends reverse, so the ETF’s price can move up and down more than the overall market.
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
QQQA is leaning hard into U.S. large-cap momentum, with a clear tilt toward tech and digital platforms. Cybersecurity leaders like Palo Alto Networks, CrowdStrike, and Fortinet have been rising steadily, acting as the fund’s main engines. DoorDash and Axon are also climbing, adding fuel from the consumer and industrial tech side. On the other hand, Ross Stores looks more steady than exciting, while Take-Two has been lagging and occasionally drags on returns. Overall, the story here is U.S.-centric, growth-heavy, and powered by tech-driven winners.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings | 6.02% | $3.30M | $192.63B | 106.30% | 67 Neutral | |
| DoorDash | 5.98% | $3.28M | $102.67B | -6.24% | 76 Outperform | |
| Palo Alto Networks | 5.80% | $3.18M | $276.54B | 100.42% | 73 Outperform | |
| Fortinet | 5.42% | $2.97M | $115.59B | 101.64% | 71 Outperform | |
| Axon Enterprise | 5.35% | $2.93M | $49.35B | -21.83% | 58 Neutral | |
| CSX | 5.16% | $2.83M | $95.88B | 57.81% | 78 Outperform | |
| Ross Stores | 5.10% | $2.80M | $75.79B | 54.22% | 80 Outperform | |
| ASML Holding NV | 4.77% | $2.61M | €572.06B | 126.61% | 76 Outperform | |
| Monster Beverage | 4.74% | $2.60M | $93.66B | 54.90% | 80 Outperform | |
| Take-Two | 4.74% | $2.60M | $43.65B | -0.81% | 53 Neutral |
QQQA Technical Analysis
Negative
―
Price Trends
74.42
Negative
72.43
Negative
61.91
Positive
Market Momentum
-0.76
Negative
46.14
Neutral
45.39
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QQQA, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 71.92, equal to the 50-day MA of 74.42, and equal to the 200-day MA of 61.91, indicating a neutral trend. The MACD of -0.76 indicates Negative momentum. The RSI at 46.14 is Neutral, neither overbought nor oversold. The STOCH value of 45.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QQQA.
QQQA Peer Comparison
Comparison Results
Performance Comparison
QQQA
ProShares Nasdaq-100 Dorsey Wright Momentum ETF
70.91
26.76
60.61%
ALTL
Pacer Lunt Large Cap Alternator ETF
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PRMR
PeakShares RMR Prime Equity ETF
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SPXE
ProShares S&P 500 Ex-Energy ETF
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FCUS
Pinnacle Focused Opportunities 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.
DisclaimerThis 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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