QLD vs. QDEF ETF Comparison

Comparison of ProShares Ultra QQQ (QLD) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

QLD

ProShares Ultra QQQ

QLD Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.77

Average Daily Volume

2,632,901

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.91

Average Daily Volume

6,852

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	QLD	QDEF
30 Days	6.38%	1.58%
60 Days	8.03%	2.63%
90 Days	8.70%	4.66%
12 Months	54.59%	30.49%

21 Overlapping Holdings

Symbol	Grade	Weight in QLD	Weight in QDEF	Overlap
AAPL	C	6.06%	6.07%	6.06%
ADP	B	0.57%	1.13%	0.57%
AVGO	D	3.68%	0.88%	0.88%
COST	B	1.89%	0.24%	0.24%
CSCO	B	1.09%	0.61%	0.61%
EA	A	0.2%	0.6%	0.2%
EXC	C	0.17%	0.39%	0.17%
FAST	B	0.22%	0.58%	0.22%
GILD	C	0.53%	1.03%	0.53%
GOOG	C	1.79%	1.1%	1.1%
GOOGL	C	1.86%	1.36%	1.36%
INTU	C	0.9%	1.29%	0.9%
KLAC	D	0.4%	0.79%	0.4%
META	D	3.57%	2.76%	2.76%
MSFT	F	5.6%	4.97%	4.97%
NVDA	C	6.35%	6.0%	6.0%
PAYX	C	0.24%	0.63%	0.24%
QCOM	F	0.82%	1.65%	0.82%
SBUX	A	0.52%	0.98%	0.52%
TMUS	B	1.29%	1.14%	1.14%
VRSK	A	0.19%	0.57%	0.19%

QLD Overweight 80 Positions Relative to QDEF

Symbol	Grade	Weight
AMZN	C	3.98%
TSLA	B	2.83%
NFLX	A	1.63%
ADBE	C	1.08%
PEP	F	1.04%
AMD	F	1.03%
LIN	D	1.0%
ISRG	A	0.87%
TXN	C	0.86%
CMCSA	B	0.78%
BKNG	A	0.77%
AMGN	D	0.74%
AMAT	F	0.69%
HON	B	0.69%
PANW	C	0.6%
VRTX	F	0.58%
MU	D	0.51%
INTC	D	0.49%
ADI	D	0.48%
MELI	D	0.45%
LRCX	F	0.44%
PYPL	B	0.41%
CTAS	B	0.41%
REGN	F	0.4%
MDLZ	F	0.4%
SNPS	B	0.39%
CDNS	B	0.38%
MAR	B	0.37%
CRWD	B	0.37%
MRVL	B	0.36%
PDD	F	0.35%
FTNT	C	0.34%
ORLY	B	0.33%
CEG	D	0.32%
CSX	B	0.32%
ADSK	A	0.31%
DASH	A	0.31%
ASML	F	0.29%
ROP	B	0.28%
PCAR	B	0.28%
CHTR	C	0.27%
ABNB	C	0.27%
WDAY	B	0.27%
CPRT	A	0.26%
NXPI	D	0.26%
TTD	B	0.26%
FANG	D	0.25%
MNST	C	0.25%
AEP	D	0.23%
ODFL	B	0.22%
KDP	D	0.21%
ROST	C	0.21%
BKR	B	0.2%
TEAM	A	0.19%
CTSH	B	0.19%
XEL	A	0.18%
GEHC	F	0.18%
LULU	C	0.18%
KHC	F	0.18%
DDOG	A	0.18%
AZN	D	0.17%
IDXX	F	0.16%
MCHP	D	0.16%
CCEP	C	0.16%
ZS	C	0.15%
TTWO	A	0.15%
ANSS	B	0.14%
CSGP	D	0.14%
DXCM	D	0.13%
ON	D	0.13%
ILMN	D	0.11%
GFS	C	0.11%
WBD	C	0.11%
BIIB	F	0.11%
CDW	F	0.11%
MDB	C	0.1%
ARM	D	0.08%
MRNA	F	0.07%
DLTR	F	0.06%
SMCI	F	0.05%

QLD Underweight 102 Positions Relative to QDEF

Symbol	Grade	Weight
HD	A	-3.07%
JNJ	D	-2.93%
PG	A	-2.83%
ABBV	D	-2.6%
MRK	F	-2.25%
IBM	C	-1.7%
PM	B	-1.65%
LMT	D	-1.05%
TJX	A	-0.99%
MO	A	-0.86%
CI	F	-0.83%
AMT	D	-0.82%
T	A	-0.77%
DUK	C	-0.77%
ITW	B	-0.74%
MSI	B	-0.74%
JPM	A	-0.73%
CME	A	-0.71%
MCK	B	-0.71%
BK	A	-0.67%
MMM	D	-0.66%
VZ	C	-0.65%
UNM	A	-0.65%
KO	D	-0.65%
EME	C	-0.64%
BWXT	B	-0.64%
UMBF	B	-0.61%
FIS	C	-0.6%
AFL	B	-0.6%
CFR	B	-0.6%
GEN	B	-0.59%
PSA	D	-0.59%
AIZ	A	-0.58%
WTW	B	-0.58%
VIRT	B	-0.57%
CSWI	A	-0.57%
COR	B	-0.57%
LDOS	C	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
PPL	B	-0.55%
ORI	A	-0.54%
ESS	B	-0.54%
RMD	C	-0.54%
K	A	-0.53%
CSL	C	-0.53%
OHI	C	-0.53%
MET	A	-0.53%
EQR	B	-0.53%
MAA	B	-0.53%
PNW	B	-0.52%
IRDM	D	-0.52%
CPT	B	-0.51%
OTIS	C	-0.51%
KMB	D	-0.51%
XOM	B	-0.5%
OMF	A	-0.5%
LSTR	D	-0.49%
ED	D	-0.49%
AVY	D	-0.48%
DOX	D	-0.48%
BPOP	B	-0.48%
RDN	C	-0.48%
LOW	D	-0.47%
NSA	D	-0.47%
OGE	B	-0.47%
IPG	D	-0.46%
DELL	C	-0.46%
BMY	B	-0.45%
GIS	D	-0.45%
VRT	B	-0.45%
HRB	D	-0.45%
WU	D	-0.43%
EXPD	D	-0.42%
SAIC	F	-0.41%
WSM	B	-0.41%
DPZ	C	-0.41%
CUBE	D	-0.4%
EVRG	A	-0.4%
EBAY	D	-0.4%
CHE	D	-0.39%
SWKS	F	-0.39%
V	A	-0.38%
MSM	C	-0.37%
BSY	D	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
WEC	A	-0.28%
PEG	A	-0.26%
MA	C	-0.23%
MAS	D	-0.23%
NNN	D	-0.21%
AVB	B	-0.18%
CAH	B	-0.17%
SCCO	F	-0.16%
BAH	F	-0.12%
DDS	B	-0.12%
WMT	A	-0.12%
ROL	B	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%