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QQQA - ETF AI Analysis
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ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains so far this year and over the last few months, indicating positive recent momentum.
Momentum in Top Holdings
Many of the largest positions, especially in semiconductor and chip-related companies, have delivered strong year-to-date performance that supports the fund’s returns.
Focused Yet Multi-Sector Exposure
While the fund leans heavily toward technology, it also includes consumer, communication, and health care stocks, adding some diversification across different parts of the market.
Negative Factors
High Technology Concentration
More than half of the portfolio is in the technology sector, which can make the fund more sensitive to downturns in tech stocks.
Top Holdings Clustered in Similar Industries
Many of the largest positions are in closely related semiconductor and hardware companies, increasing the risk that a slump in this niche could hurt the fund.
Higher Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which means more of the returns are used to cover fees.
QQQA vs. SPDR S&P 500 ETF (SPY)
AUM11.20M
RegionNorth America
Expense Ratio0.58%
Beta1.44
IssuerProShares
Inception DateMay 18, 2021
Dividend Yield0.1%
Asset ClassEquity
Index TrackedNASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume3,339
30 Day Avg. Volume4,180
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
62.75Price 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, focusing on large U.S. companies whose stock prices have been rising strongly. It mainly holds big technology names and related firms, including well-known companies like Advanced Micro Devices (AMD) and Intel. Investors might consider QQQA if they want growth potential from leading tech and growth-oriented businesses, while still getting diversification across several sectors. However, this ETF is heavily tilted toward technology and momentum stocks, so its price can swing 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 riding a powerful semiconductor wave, with names like Intel, Micron, and Lam Research helping to pull the fund higher as chip and AI demand stay in the spotlight. Western Digital and Seagate are also rising, adding extra fuel from the storage side of the tech world. AMD’s gains are more steady than spectacular, while Gilead Sciences is barely budging and acts more like a defensive anchor than a growth engine. Overall, this is a tech-heavy, mostly U.S.-focused ETF with a clear bet on momentum in chips and equipment.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Western Digital | 6.77% | $767.79K | $96.32B | 314.77% | 77 Outperform | |
| Seagate Tech | 6.38% | $723.58K | $90.71B | 311.79% | 68 Neutral | |
| Gilead Sciences | 5.76% | $653.73K | $192.64B | 41.88% | 78 Outperform | |
| Applied Materials | 5.60% | $635.51K | $285.05B | 112.17% | 77 Outperform | |
| Micron | 5.58% | $632.69K | $449.96B | 303.36% | 79 Outperform | |
| ASML Holding NV | 5.27% | $597.77K | €458.08B | 67.61% | 76 Outperform | |
| Lam Research | 5.03% | $569.97K | $294.19B | 173.89% | 77 Outperform | |
| KLA | 4.83% | $547.71K | $192.71B | 91.07% | 77 Outperform | |
| Microchip | 4.81% | $545.31K | $42.72B | 24.41% | 54 Neutral | |
| Ross Stores | 4.79% | $543.23K | $64.11B | 43.40% | 80 Outperform |
QQQA Technical Analysis
Positive
―
Price Trends
52.08
Positive
50.12
Positive
47.26
Positive
Market Momentum
0.32
Positive
54.40
Neutral
70.93
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 53.81, equal to the 50-day MA of 52.08, and equal to the 200-day MA of 47.26, indicating a bullish trend. The MACD of 0.32 indicates Positive momentum. The RSI at 54.40 is Neutral, neither overbought nor oversold. The STOCH value of 70.93 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
53.38
2.59
5.10%
BCUS
Bancreek U.S. Large Cap ETF
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ALTL
Pacer Lunt Large Cap Alternator ETF
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UPSD
Aptus Large Cap Upside ETF
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―
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LVDS
JPMorgan Fundamental Data Science Large Value ETF
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―
―
ACEP
ARS Core Equity Portfolio 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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