QID Dividend: Yield, Schedule, and What to Expect

Last updated August 2026

Short answer

QID's approximate varies; recent distributions have implied a yield in the low single digits, though payouts are inconsistent and should not be a reason to hold the fund yield (as of early 2026) makes it a growth-first, low-yield fund. It tracks -2x daily Nasdaq-100 and passes through the income its holdings generate, monthly, net of the 0.95% expense ratio. If income is your goal, look to dedicated dividend funds for more; QID is built for total return, not yield. If total return is the goal, the yield matters less than cost and what it holds. Yield is a recent snapshot, not a promise; verify the current figure with ProShares.

How does the QID dividend work?

QID holds what is in -2x daily Nasdaq-100, collects the income those holdings generate, and distributes it to shareholders monthly, net of its 0.95% fee. The yield you see is trailing distributions divided by price, so it drifts as both change: a falling price raises the quoted yield without a single extra dollar being paid out.

ProShares UltraShort QQQ (QID) seeks daily investment results, before fees and expenses, equal to negative two times (-2x or -200%) the daily performance of the Nasdaq-100 Index. The Nasdaq-100 holds 100 of the largest non-financial companies listed on the Nasdaq, dominated by megacap technology names such as Apple, Microsoft, Nvidia, Amazon, and Alphabet. QID is designed so that if the Nasdaq-100 falls 1% on a given day, QID is built to rise about 2% that day, and if the index rises 1%, QID is built to fall about 2%. It achieves this exposure primarily through swaps and other derivatives rather than by holding stocks. Critically, the -2x objective applies to a single trading day only. The fund rebalances daily, so over any period longer than one day the cumulative return can differ substantially, often dramatically, from -2x the index's cumulative return. This daily-reset compounding causes value decay in choppy or rising markets. Combined with a high 0.95% expense ratio and the long-term upward trend of the Nasdaq-100, QID is structurally designed for short holding periods (intraday to a few days) by traders who want to hedge or speculate on a near-term decline in large-cap tech. It is not intended for, and has performed very poorly over, long holding periods.

What QID's dividend pays on a real position

Approximate yield: varies; recent distributions have implied a yield in the low single digits, though payouts are inconsistent and should not be a reason to hold the fund (early 2026).
Versus the market: the S&P 500 yields around 1.2%.
Schedule: monthly, in line with how this kind of fund collects income. ProShares publishes the exact ex-dividend and pay dates.
Fee: the 0.95% expense ratio comes out before you receive anything, so the yield above is already net of it.

How QID distributions are taxed

QID distributes interest rather than corporate dividends, and interest is generally taxed as ordinary income rather than at the lower qualified-dividend rates. US Treasury interest is usually exempt from state and local tax, and municipal interest is usually exempt from federal tax, which is why funds like this often sit in a tax-advantaged account. ProShares's annual 1099 shows the actual split. Inside an IRA, Roth, or 401(k) none of it applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.

If income is your goal, compare QID against dividend-focused funds. See the best dividend ETFs roundup and best ETFs for monthly income, or analyze how QID's income fits your real portfolio in Walnut.

The bottom line on the QID dividend

The bottom line: at an approximate varies; recent distributions have implied a yield in the low single digits, though payouts are inconsistent and should not be a reason to hold the fund yield, QID is a growth-first, low-yield fund. If income is your goal, dedicated dividend funds pay more; QID is the wrong tool for yield and the right one for total-return -2x daily Nasdaq-100 exposure. If total return is the goal, the yield matters less than cost and what it holds. Treat the figure as a moving snapshot, not a fixed rate, and verify the current yield with ProShares.

More on QID

What is QID? (holdings, cost, performance, and the themes it covers)
Is QID a buy? (what you are buying, the case for it, and what to weigh)

Investing in QID with AI

Connect the broker you already use and ask Walnut's AI how QID fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.

See how it fits your portfolio

FAQ

What is QID's dividend yield?

Approximately varies; recent distributions have implied a yield in the low single digits, though payouts are inconsistent and should not be a reason to hold the fund as of early 2026. Yield is trailing distributions divided by price, so it moves when either changes; verify the current figure on ProShares's fund page.

How often does QID pay a dividend?

QID is a bond or Treasury fund, and funds of that kind almost always distribute monthly rather than quarterly, because the income they collect arrives monthly too. ProShares publishes the exact ex-dividend and pay dates in QID's distribution calendar, which is the figure to rely on.

Does QID pay monthly dividends?

Yes, QID is the kind of fund that distributes monthly. That suits people who want the income to arrive on a regular cadence, though monthly payments make no difference to total return, only to timing. Confirm the schedule on ProShares's distribution calendar.

Where does QID's dividend come from?

QID tracks -2x daily Nasdaq-100. The fund collects the income those holdings generate and passes it through to you. The 0.95% expense ratio is taken out along the way, so the yield you see is already net of the fee: you do not pay it separately.

When is QID's ex-dividend date?

ProShares sets and publishes it on QID's fund page, and it moves with each distribution, so we do not quote a fixed date here. What it means is the cutoff: buy on or after the ex-dividend date and the seller keeps that distribution. Buying just before the ex-date to capture a payment is not free money, because the fund's price typically drops by roughly the distribution amount when it goes ex.

Can I reinvest QID dividends?

Yes. Most brokers let you turn on automatic dividend reinvestment (a DRIP) so QID distributions buy more shares, often fractional ones, without you doing anything. It compounds the position over time. It does not change the tax treatment: in a taxable account the distribution is taxable in the year it is paid, whether you reinvest it or take the cash.

Is QID a good choice for dividend income?

Walnut is informational, not investment advice. QID yields roughly varies; recent distributions have implied a yield in the low single digits, though payouts are inconsistent and should not be a reason to hold the fund, which is the figure to check against your income needs. If income is the goal, dedicated dividend and income ETFs target more; QID is built for total return. See the best dividend ETFs roundup to compare.

Are QID dividends qualified?

Mostly no. QID distributes interest income rather than corporate dividends, and interest is generally taxed as ordinary income, not at the lower qualified-dividend rates. US Treasury interest is usually exempt from state and local tax, and municipal bond interest is usually exempt from federal tax, which is why bond funds are often held in tax-advantaged accounts. Your 1099 from ProShares breaks out the actual categories. This is not tax advice.

Walnut is informational, not investment advice. Dividend yields and schedules are approximate, stamped to early 2026, and change; verify current figures with ProShares or your broker.