The Nasdaq-100 Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies.
Now QLD is proshares ETF. This leveraged ProShares ETF seeks a return that is 2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next.
Now compounding is amazing concept in a up trending market!
in the chart below the red line is QLD ..In 5 years its up 216 % compared to less than 92 % growth for NASDAQ -100 !
Happy trading !