Discussion in 'ETFs' started by crgarcia, Aug 18, 2009.
Altough it doesn't move as much as SSO or DDM (2x), maybe it moves about 1.5x?
"(Symbol: QQQQ). PowerShares QQQâ¢ seeks to replicate the NASDAQ-100 Index"
Google is a wonderful thing.
Of course the Qs move like the Nasdaq 100 index, that was their objective.
I'm telling that the Nasdaq 100 moves like the S&P 500 or Dow, altough with more amplified volatility.
Similar to a leveraged S&P or Dow.
true, but they are still an ETF and the correlation ebs due to the constant reconfiguring to compensate for the erosion factor. They try to readjust the ratio every quarter, but its a great arb inbetween the adjustment. not actually the 40:1 correlation to NDX futures, usually a little higher (like 40.64:1).
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