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TQQQ — ProShares UltraPro QQQ

TQQQ targets three times the daily return of the Nasdaq-100 Index, before fees and expenses, via derivative exposure and daily rebalancing.

Equity Efficiency:A+Capital Efficiency grades how well this ETF delivers equity-side returns relative to the capital and beta it uses, with SPY as the B baseline. Leveraged ETFs score higher when they free up capital for an alpha sleeve. Long/short and factor ETFs are graded on excess return versus SPY, net of costs. TQQQ provides 3x daily Nasdaq-100 exposure. The grade measures annualized excess versus SPY, including daily-reset compounding.

TQQQ price history

Range
+114.37%
Total return (1Y)
TQQQ

Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.

Strategy

TQQQ is one of the highest-beta mainstream index ETFs: it resets to ~3x Nasdaq-100 exposure each day, so compounding dominates medium-horizon outcomes. Trend helps; chop and volatility drag hurt.

It is generally used as a tactical expression on growth leadership, not a passive core allocation. Funding costs, derivative execution, and index concentration all matter when volatility rises.

Manager and Issuer Pedigree

ProShares is one of the category-defining sponsors in listed leveraged and inverse ETFs, with a long operating history in daily-reset index exposure and established derivatives execution infrastructure.

Its broader complex sits in the tens of billions of dollars of listed ETF assets in public league tables, which supports primary-market depth and secondary liquidity across both leveraged and strategic sleeves.

Outperformance

Outperforms dramatically in sustained Nasdaq uptrends where breadth and earnings revisions keep growth leadership intact over long stretches.

Underperforms in sudden style reversals and liquidity shocks, the primary failure mode for 3x daily exposure.

Similar ETFs

TickerNameScoreMERAUM
TQQQProShares UltraPro QQQA+0.86%~$23B
QLDProShares Ultra QQQA+0.95%~$9.0B
SSOProShares Ultra S&P500A0.89%~$7.5B
UPROProShares UltraPro S&P500A+0.91%~$5.0B

Official ETF page

Read the official ETF page for current NAV, holdings, and documents: ProShares (TQQQ).

Beta and MER may not be accurate.
Educational content only; not investment advice. Past performance does not guarantee future results.