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TPOR vs TQQQ

Direxion Daily Transportation Bull 3X ETF

TPORDNYSE Arca

ProShares UltraPro QQQ

TQQQANasdaq

Overlap

0.3%by weight

Expense ratio

TQQQ −0.21pt a year

TPOR0.99%TQQQ0.78%

Avg volume · 30D

TQQQ 3732.0×the volume

TPOR15.4KTQQQ57.5M

5Y return · a year

TQQQ +16.7pt

TPOR−6.3%TQQQ+10.4%

TPOR vs TQQQ Performance

Oct 29, 2021 – Oct 30, 2026

−27.9%TPOR+64.2%TQQQ

Oct 29, 2021 to Oct 30, 2026. TPOR −27.9%. TQQQ +64.2%. Use the arrow keys to read each point.0%100%Oct 2021Apr 2024Oct 2026
Expense ratio
TPOR 0.99%
TQQQ 0.78%, better
Fund size
TPOR $17M
TQQQ $32.1B
1Y total return
TPOR +19.5%, better
TQQQ +7.1%
Yield (12M)
TPOR 0.86%, better
TQQQ 0.78%
Holdings
TPOR 50
TQQQ 116
Avg volume (30D)
TPOR 15.4K sh
TQQQ 57.5M sh, better
NAV per share
TPOR $33.21
TQQQ $61.97
52W range

ETF.net Grade

TPOR: Cost 25, Risk 51, Mission not scored, Tradability 30, Holdings not scored, Durability 24. TQQQ: Cost 97, Risk 57, Mission 84, Tradability 97, Holdings not scored, Durability 79.
Pillar letters and Scores for TPOR, TQQQ, with each pillar’s weight
PillarTPORTQQQ
Cost30% weightD25A97Higher
Mission25% weightNot scoredA84
Risk15% weightC51B57Higher
Tradability15% weightD30A97Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF24A79Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. TPOR and TQQQ are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

TQQQ ranks 1st and TPOR 24th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 22DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFScore 35
  4. Rank 24DTPORDirexion Daily Transportation Bull 3X ETFScore 32
  5. Rank 24DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFScore 32

Our read on each fund

ETF.net Research

TPORDDirexion Daily Transportation Bull 3X ETF

TQQQAProShares UltraPro QQQ

In short

TPOR The only 3x way to trade trucks, rails, airlines and parcels in one ticker. Since 2022 TPOR has tracked a capped S&P transportation index of about 50 names instead of the 20-stock Dow Transports, and its leverage resets every single day.

TQQQ The 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

TPOR The fund seeks daily investment results equal to 300% of the S&P Transportation Select Industry FMC Capped Index before fees and expenses. This objective applies for a single day, not as a three-times cumulative return over longer periods.

TQQQ 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

  • TPOR Direxion's transportation slot is bull-only: TPOR is the lineup's single 3x ticker on rails, truckers, airlines and parcel carriers, with no bear twin beside it.direxion.com
  • Traded the 20-stock Dow Transports for S&P's capped transportation index in August 2022, spreading exposure across about 50 names with single-stock weight caps.sec.govspglobal.com
  • Costs 0.99% net of a waiver through September 1, 2027 (1.12% gross), near the 3x category median, though SOXL (0.75%, net of a waiver through September 1, 2027) runs cheaper.
  • TQQQ 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

  • TPOR The 300% target applies to a single day. Hold longer and returns compound off each close, so multi-day results can drift well away from 3x the index move.sec.gov
  • One of the smaller and thinner-traded names in the 3x bull group, so spreads and depth matter more here than with the category's household tickers.
  • On cost, tradability and staying power it sits in the lower reaches of its 3x bull peer group.
  • TQQQ 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.

Full TPOR profile⁠

Full TQQQ profile⁠

TPOR vs TQQQ Holdings

How TPOR and TQQQ differ

Overlap by weight

0.3%

Shared holdings make up 3.3% of TPOR and 0.3% of TQQQ.

Level by level

  • Holdings2 in both0.3%
  • Sector10 Sectors21.0%
  • Countryby domicile97.3%
  • Asset classEquity100%

Sector

Sector weights in TPOR and TQQQ, widest gap first
SectorMore in TPORMore in TQQQ
IndustrialsTPOR +79.0 points
TechnologyTQQQ +44.4 points
CommunicationTQQQ +12.6 points
Consumer DiscretionaryTQQQ +10.1 points
Consumer StaplesTQQQ +5.6 points
Health CareTQQQ +3.8 points
UtilitiesTQQQ +1.0 points
MaterialsTQQQ +0.9 points
EnergyTQQQ +0.5 points
FinancialsTQQQ +0.2 points

Country, concentration and asset class

Country by domicile

Country weights in TPOR and TQQQ, widest gap first
CountryMore in TPORMore in TQQQ
United StatesTPOR +2.7 points
CanadaTQQQ +1.1 points
NetherlandsTQQQ +0.9 points
Other countries (3)TQQQ +0.8 points

Concentration

Weight in the 10 largest Holdings

  • TPOR88.7%
  • TQQQ54.5%

Securities held

  • TPOR45
  • TQQQ115

Asset class

TPOR
Equity
TQQQ
Equity

Holdings

  • Only in TPOR43
  • In both2
  • Only in TQQQ113

Only in TPOR

43 securities, 20.1% of TPOR by weight

  • Union Pacific Corp4.33%
  • Uber Technologies Inc3.24%
  • United Parcel Service-Cl B1.13%

Only in TQQQ

113 securities, 84.6% of TQQQ by weight

  • Proshares Genius Mny Mkt Etf16.45%
  • Apple Inc3.90%
  • NVIDIA Corp3.82%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in TPOR and TQQQ, widest gap first
HoldingMore in TPORMore in TQQQ
Csx CorpCSXTPOR +2.13 points
Old Dominion Freight LineODFLTPOR +0.91 points

All 51 TPOR holdings⁠All 123 TQQQ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TPOR vs TQQQ Cost

Overpaying TPOR vs TQQQ

$3,523

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

  • TPOR 0.99%

    $18,525

  • TQQQ 0.78%

    $15,002

$10,000
30 years

Cost over time

  • TPOR 0.99%
  • TQQQ 0.78%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TPOR $18,525TQQQ $15,002

Year by year

YearTPORTQQQOverpaying
10$1,746$1,388$358
20$6,565$5,268$1,297
30$18,525$15,002$3,523

Expense ratio

  • 0.99%TPOR
  • 0.78%TQQQ, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

TQQQ 2nd cheapest of 30 funds

TPOR 22nd cheapest of 30 funds

TPOR vs TQQQ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TPOR 0.86%, better
TQQQ 0.78%
Payout (12M)
TPOR $0.29
TQQQ $0.48
Last payment
TPOR $0.12
TQQQ $0.16
Ex-dividend
TPOR Sep 22, 2026
TQQQ Sep 23, 2026
Paid on
TPOR Sep 29, 2026
TQQQ Sep 29, 2026
Frequency
TPOR Quarterly
TQQQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TPORQuarterly · 26 paymentsAll TPOR payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 13, 2017 $2.93; Mar 20, 2018 $0.04; Jun 19, 2018 $0.06; Sep 25, 2018 $0.07; Dec 27, 2018 $0.06; Mar 19, 2019 $0.08; Jun 25, 2019 $0.07; Sep 24, 2019 $0.07; Dec 23, 2019 $0.05; Mar 24, 2020 $0.01; Dec 22, 2020 $0.009; Mar 21, 2023 $0.20; Jun 21, 2023 $0.07; Sep 19, 2023 $0.10; Dec 21, 2023 $0.12; Mar 19, 2024 $0.15; Jun 25, 2024 $0.08; Sep 24, 2024 $0.14; Dec 23, 2024 $0.06; Mar 25, 2025 $0.09; Jun 24, 2025 $0.10; Sep 23, 2025 $0.05; Dec 23, 2025 $0.03; Mar 24, 2026 $0.09; Jun 23, 2026 $0.05; Sep 22, 2026 $0.12. Use the arrow keys to read each point.$0$2.502017202020232026YTD
TQQQQuarterly · 14 paymentsAll TQQQ payments⁠
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.$0$2.502017202020232026YTD

TPOR vs TQQQ Risk

Fall from peak · 5 years

  • TPOR
  • TQQQ
Oct 29, 2021 to Oct 30, 2026. Worst fall: TQQQ −81.7% · Dec 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
TPOR 55.9%, betterTQQQ 56.9%
Return per unit of riskSharpe ratio, 3 years
TPOR 0.54TQQQ 0.98, better
Worst fallMax drawdown, 5 years
TPOR −74.1%, betterTQQQ −81.7%
Market sensitivityBeta, 5 years
TPOR 3.55TQQQ 3.71

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