ProShares UltraPro QQQ (TQQQ)
$68.21−7.60%close of Oct 16, 2026
ProShares UltraPro QQQ (TQQQ) is an exchange-traded fund (ETF) run by ProShares. This fund tries to give you 3 times the daily return of the Nasdaq-100, a group of about 100 large companies listed on the Nasdaq market. It charges 0.78% a year. From February 2010 to October 2026 it returned about 41.6% a year, and its worst drop was −81.7%.
Written by the Tactfolio research team. Fund facts checked October 16, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.78%
- about $78 on $10,000
- 1-year return
- 34.7%
- to Oct 16, 2026
- Return per year
- 41.6%
- since February 2010
- Worst drop
- −81.7%
- since 2010
- Below its high
- −21.5%
- now
- Volatility
- 61.1%
- yearly swings
- Issuer
- ProShares
- Tracks
- Nasdaq-100 Index
- Started trading
- February 9, 2010
- Type
- Leveraged, ETF
- Expense ratio
- 0.78% a year
How has TQQQ done since 2010?#
From February 2010 to October 2026, TQQQ returned about 41.6% a year. The S&P 500 returned about 14.4% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $3,324,315 at the end, with every dividend reinvested.
| Period | TQQQ | S&P 500 (SPY) |
|---|---|---|
| 1 month | 0.6% | 1.5% |
| 3 months | −3.4% | 1.9% |
| 6 months | 21.4% | 9.3% |
| Year to date | 30.1% | 12.8% |
| 1 year | 34.7% | 16.8% |
| 3 years per year | 53.9% | 22.0% |
| 5 years per year | 16.2% | 12.8% |
| 10 years per year | 39.5% | 15.4% |
| Since 2010 per year | 41.6% | 14.4% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
TQQQ returns by month and year#
TQQQ rose in 122 of its 201 months (61%). Its best month was April 2026, at 52.4%. Its worst was March 2020, at −38.1%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 30.1% | 2.4 | −8.3 | −15.7 | 52.5 | 33.1 | −4.0 | −20.2 | 11.3 | 8.7 | −12.6 | ||
| 2025 | 34.4% | 4.5 | −9.4 | −23.3 | −4.2 | 27.6 | 18.9 | 6.3 | 1.3 | 15.8 | 12.9 | −6.5 | −3.2 |
| 2024 | 58.3% | 3.8 | 14.7 | 2.4 | −14.3 | 18.6 | 18.5 | −7.5 | 0.5 | 6.0 | −4.2 | 15.0 | −0.6 |
| 2023 | 198.0% | 32.4 | −3.4 | 28.4 | 0.0 | 23.0 | 18.4 | 10.5 | −6.3 | −15.8 | −8.0 | 33.8 | 16.1 |
| 2022 | −79.1% | −25.6 | −15.1 | 10.9 | −37.2 | −9.5 | −27.4 | 39.0 | −16.6 | −30.5 | 8.4 | 12.5 | −26.2 |
| 2021 | 83.0% | −0.5 | −1.4 | 2.3 | 18.0 | −4.7 | 19.4 | 8.4 | 12.6 | −16.7 | 24.6 | 5.4 | 1.7 |
| 2020 | 110.0% | 8.2 | −17.8 | −38.1 | 46.5 | 18.6 | 18.0 | 22.3 | 35.2 | −18.9 | −10.3 | 34.5 | 15.1 |
| 2019 | 133.8% | 26.9 | 8.6 | 11.1 | 16.6 | −24.0 | 23.0 | 6.2 | −7.8 | 1.9 | 12.4 | 12.2 | 11.4 |
| 2018 | −19.8% | 27.7 | −6.2 | −13.4 | −0.4 | 17.0 | 2.2 | 7.6 | 17.7 | −1.6 | −26.6 | −2.9 | −26.8 |
| 2017 | 118.1% | 15.8 | 13.4 | 5.6 | 8.1 | 11.4 | −8.1 | 12.6 | 5.0 | −1.1 | 13.7 | 5.5 | 1.2 |
| 2016 | 11.4% | −21.1 | −6.0 | 21.0 | −9.6 | 12.8 | −7.8 | 22.5 | 3.0 | 5.8 | −4.6 | 1.1 | 2.6 |
| 2015 | 17.2% | −6.9 | 22.7 | −7.5 | 5.2 | 6.4 | −7.6 | 13.4 | −21.3 | −8.1 | 37.2 | 1.3 | −5.8 |
| 2014 | 57.1% | −6.4 | 15.4 | −8.4 | −2.0 | 13.5 | 9.5 | 3.1 | 15.5 | −2.8 | 6.6 | 14.3 | −7.5 |
| 2013 | 139.7% | 7.7 | 0.6 | 8.7 | 6.9 | 10.7 | −8.0 | 20.1 | −1.7 | 14.9 | 14.7 | 10.3 | 8.9 |
| 2012 | 52.3% | 26.9 | 20.1 | 15.5 | −4.3 | −20.4 | 9.8 | 2.3 | 16.1 | 2.1 | −15.6 | 3.2 | −1.9 |
| 2011 | −8.1% | 8.0 | 9.1 | −2.3 | 8.6 | −4.3 | −7.0 | 4.4 | −19.5 | −14.3 | 31.5 | −10.1 | −2.8 |
| 2010 | 78.1% | 7.5 | 24.6 | 6.1 | −22.8 | −18.9 | 21.8 | −15.1 | 43.1 | 19.6 | −1.4 | 14.8 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is TQQQ compared with the S&P 500?#
Measured from October 2021 to October 2026, on the days both traded.
- Beta 3.79. When the S&P 500 moved 1% in a day, TQQQ tended to move about 3.79%.
- Correlation 0.95. TQQQ mostly moved with the S&P 500.
- Up and down months. In months the S&P 500 rose, TQQQ rose 313% as much on average. In months it fell, TQQQ fell 360% as much.
| Measure | TQQQ | S&P 500 (SPY) |
|---|---|---|
| Return per year | 15.5% | 12.8% |
| Volatility | 68.3% | 17.1% |
| Worst drop | −81.7% | −24.5% |
| Sharpe ratio | 0.55 | 0.79 |
| Sortino ratio | 0.79 | 1.15 |
| Calmar ratio | 0.19 | 0.52 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is TQQQ above its 200-day average?#
TQQQ closed 5.6% above its 200-day average on October 16, 2026. A rule that holds TQQQ only above that average would hold it today.
- vs 200-day average
- +5.6%
- above it
- 50-day vs 200-day
- +15.4%
- trend rising
- vs 52-week high
- −21.5%
- high of $86.85
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for TQQQ and backtest it in a minute.
What was TQQQ’s worst drop?#
A drawdown is how far a fund falls from its last high point. TQQQ’s worst fall was −81.7%, from November 19, 2021 to December 28, 2022. It got back to that high on December 4, 2024. On October 16, 2026 it was 21.5% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −81.7% | Nov 19, 2021 | Dec 28, 202213 months | Dec 4, 202423 months |
| −69.9% | Feb 19, 2020 | Mar 20, 202030 days | Jul 10, 20204 months |
| −58.1% | Aug 29, 2018 | Dec 24, 20184 months | Nov 4, 201910 months |
| −58.0% | Dec 16, 2024 | Apr 8, 20254 months | Aug 12, 20254 months |
| −44.5% | Jul 20, 2015 | Feb 9, 20167 months | Sep 22, 20167 months |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does TQQQ hold?#
This fund tries to give you 3 times the daily return of the Nasdaq-100, a group of about 100 large companies listed on the Nasdaq market. It uses borrowed money and contracts called swaps and futures, and it resets every day, so over weeks or months your result can be very different from 3 times what the index did. Losses grow 3 times as fast as gains on a bad day.
It tracks the Nasdaq-100 Index.
What is the TQQQ expense ratio?#
TQQQ charges 0.78% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.78% fee comes to about $78 a year. Of the 162 ETFs on Tactfolio, 2% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold TQQQ?#
No classic strategy holds TQQQ yet. You can add it to your own rules in the builder and see how they would have done.
How does TQQQ compare with similar ETFs?#
Side-by-side pages measure both funds over the same dates:
- QQQ vs TQQQ: the Nasdaq-100 against a fund that aims for 3 times its daily move.
Test TQQQ in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add TQQQ, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for TQQQ and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from ProShares. We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of TQQQ?#
TQQQ charges 0.78% a year, according to ProShares as of October 16, 2026. That is about $78 a year for every $10,000 you hold.
When did TQQQ start trading?#
TQQQ started trading on February 9, 2010. It is run by ProShares.
What does TQQQ track?#
TQQQ tracks the Nasdaq-100 Index. This fund tries to give you 3 times the daily return of the Nasdaq-100, a group of about 100 large companies listed on the Nasdaq market.
How much has TQQQ returned per year?#
From February 2010 to October 2026, TQQQ returned about 41.6% a year with dividends reinvested. Its worst drop was −81.7%. Past returns do not tell you what it will do next.
Is TQQQ above its 200-day moving average?#
On October 16, 2026, TQQQ closed 5.6% above its 200-day moving average. This page updates after each US market close.
Which strategies use TQQQ?#
None of Tactfolio’s classic strategies hold TQQQ yet. You can test it in your own rules in the builder.