Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, the ProShares UltraPro Short QQQ (NASDAQ:SQQQ) has received the dreaded one-star ranking.

With that in mind, let's take a closer look at SQQQ and see what CAPS investors are saying about the ETF right now.

SQQQ facts




February 2010

Total Net Assets

$207.9 million

Investment Approach

Seeks daily investment results that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 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.

Expense Ratio


Year-to-Date / 1-Year / 3-Year Returns

(30.7%) / (41.4%) / (51.3%)

Sources: S&P Capital IQ and Motley Fool CAPS.

On CAPS, 56% of the 330 members who have rated SQQQ believe the ETF will underperform the S&P 500 going forward.

Just last week, one of those bears, All-Star TerryHogan, succinctly summed up the SQQQ bear case for our community: "Easiest long-term pick to make in CAPS. Bullish on technology, or at the very least the NASDAQ. Inverse ETFs are crap for the most part, leveraged ETFs are crap entirely, and daily ETFs are crap in the long term."