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Launched · SEC filings

ProShares UltraPro QQQ

TQQQNasdaqProSharesAThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$50.47−11.78 (−18.92%)

At close: Nov 5, 2026, 4:00 PM ET

A86/ 100

Rank 1 of 31 in 3x Leveraged Long

A86/100Rank 1 of 31in3x Leveraged Long
Intraday session: down, 79 prints from 62.24 to 50.47. Range 50.47 to 59.31. Use the arrow keys to read each point.52.5055.0057.5060.0010 AM12 PM2 PM4 PM
Expense ratio
0.78%*
Fund size
$33.2B
1Y total return
+12.9%
Yield · Last 12 months
0.78%
Holdings
115
Avg volume · 30D
57.2M sh
52W range
low $37.32high $88.09
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 0.94%.

The ETF.net TQQQ Grade

Based on 5 of 6 pillars

A

Score 86 out of 100

Category
3x Leveraged Long⁠
Rank
1 of 31
Six-pillar profile for TQQQ. Scores out of 100: Cost 97, Risk 59, Mission 84, Tradability 97, Holdings not scored, Durability 79. Strongest: Cost (97). Weakest: Risk (59). Based on 5 of 6 pillars.

Score 86 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A97 out of 100
    Rank 2 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A84 out of 100
    Rank 1 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 11 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A97 out of 100
    Rank 1 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A79 out of 100
    Rank 1 of 31

Our read on TQQQ

ETF.net Research

In short

AThe original 3x Nasdaq-100 trade, live since 2010. Leverage resets every day, chasing three times the index's one-day move, and it is one of the most heavily traded names in its corner of the market.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to three times the daily performance of the Nasdaq-100 Index.

Why people hold it

  • Costs 0.78% net of a waiver through September 30, 2027 (0.94% gross), below the median fee for 3x bull funds and below stablemate UDOW at 0.94% with no waiver.
  • A multi-billion-dollar fund and one of the busiest tickers in the leveraged space, which matters when a daily-reset position needs to be entered or exited quickly.
  • Delivers its stated 3x daily target with close day-to-day fidelity, one of the stronger implementations among 3x bull funds.proshares.com
  • Straightforward plumbing: it rebalances exposure to the Nasdaq-100 each day, raising it as the index rises and cutting it as the index falls.sec.gov

Worth knowing

  • The prospectus is blunt: this seeks results for a single day only. Hold longer and compounding takes over, so multi-day results can land far from 3x the index move, especially in choppy tape.sec.gov
  • Triple exposure cuts both ways. A rough day for the Nasdaq-100 hits roughly three times as hard here, which is why this scores as one of the riskier structures on our books.
  • The fee break is contractual, not permanent. Should the waiver lapse after September 30, 2027, the cost reverts toward the 0.94% gross rate.

TQQQ Performance

Launched Feb 9, 2010

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TQQQ$11,290
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,478
Nov 4, 2025 to Nov 4, 2026. TQQQ $11,290. SPY $11,478. Use the arrow keys to read each point.$7,500$10,000$12,500$15,000Nov 2025May 2026Nov 2026

Nov 4, 2025 – Nov 4, 2026

Returns run to the Nov 4, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TQQQ. Periods over one year show the average yearly return.
PeriodTQQQ
Year to date+18.8%
1 month−23.2%
3 months−16.6%
1 year+12.9%
3 yearsper year+50.1%
5 yearsper year+8.5%
10 yearsper year+39.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TQQQ
YearReturn barTQQQ
2026 YTD+18.8%
2025+34.4%

TQQQ in the news

TQQQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 4, 2026.
0.78%Last 12 months
Payout per share
$0.48Last 12 months
Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 14 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.0051; Mar 20, 2019 $0.0025; Dec 24, 2019 $0.0039; Dec 23, 2020 $0.000035; Dec 22, 2022 $0.05; Jun 26, 2024 $0.14; Dec 23, 2024 $0.14; Mar 26, 2025 $0.10; Jun 25, 2025 $0.11; Sep 24, 2025 $0.05; Dec 24, 2025 $0.09; Mar 25, 2026 $0.07; Jun 24, 2026 $0.17; Sep 23, 2026 $0.16. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.16
Jun 24, 2026Jun 30, 2026$0.17
Mar 25, 2026Mar 31, 2026$0.07
Dec 24, 2025Dec 31, 2025$0.09
Sep 24, 2025Sep 30, 2025$0.05
Jun 25, 2025Jul 1, 2025$0.11
Mar 26, 2025Apr 1, 2025$0.10
Dec 23, 2024Dec 31, 2024$0.14
Sep 25, 2024Oct 2, 2024No data
Jun 26, 2024Jul 3, 2024$0.14
Mar 20, 2024Mar 27, 2024No data
Dec 20, 2023Dec 28, 2023No data

See all 24 payments⁠

$10,000 in TQQQ 10 years ago paid $4,620 in dividends.⁠

TQQQ Risk

Risk pillarB59 out of 100Rank 11 of 31 in 3x Leveraged Long

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
56.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.98
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−81.7%
Trough Dec 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.74
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TQQQ Cost

Compare TQQQ and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$520

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TQQQ 0.78%

    $15,002

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • TQQQ 0.78%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TQQQ $15,002SOXL $14,482

Year by year

YearTQQQSOXLOverpaying
10$1,388$1,336$52
20$5,268$5,078$190
30$15,002$14,482$520
How the 0.78% is worked out

Full fee 0.94%− waiver 0.16%= you pay 0.78%

The waiver ends Sep 30, 2027. After that the fee is 0.94% unless ProShares renews it. Source: prospectus, Sep 2026.

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