3X
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
SPXL Direxion Daily S&P 500 Bull 3X Shares | Leveraged Equities, Leveraged | 33% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 34% |
UDOW ProShares UltraPro Dow30 | Leveraged Equities, Leveraged | 33% |
Performance
Performance Chart
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The earliest data available for this chart is Feb 11, 2010, corresponding to the inception date of TQQQ
Returns By Period
As of May 11, 2025, the 3X returned -20.20% Year-To-Date and 24.28% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -3.77% | 7.44% | -5.60% | 8.37% | 14.12% | 10.46% |
| 3X | -20.20% | 20.37% | -25.97% | 2.78% | 30.22% | 24.28% |
| Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | -25.26% | 27.81% | -28.29% | 1.00% | 26.28% | 29.84% |
UDOW ProShares UltraPro Dow30 | -16.34% | 11.20% | -25.33% | -2.76% | 24.94% | 16.54% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | -20.00% | 22.19% | -25.81% | 4.73% | 30.82% | 20.36% |
Monthly Returns
The table below presents the monthly returns of 3X, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 8.18% | -6.58% | -17.89% | -8.93% | 5.60% | -20.20% | |||||||
| 2024 | 3.26% | 11.81% | 5.63% | -14.16% | 13.20% | 10.70% | 2.17% | 3.32% | 5.27% | -4.37% | 18.54% | -8.40% | 51.37% |
| 2023 | 19.58% | -7.84% | 15.52% | 3.39% | 4.09% | 16.80% | 9.72% | -6.67% | -13.87% | -7.07% | 30.10% | 14.45% | 95.31% |
| 2022 | -17.23% | -11.61% | 9.03% | -26.03% | -3.71% | -23.68% | 29.46% | -14.12% | -27.71% | 25.43% | 14.75% | -18.28% | -59.01% |
| 2021 | -3.46% | 5.38% | 12.66% | 14.15% | 0.64% | 8.75% | 6.26% | 8.61% | -14.46% | 21.60% | -2.35% | 9.83% | 84.38% |
| 2020 | 1.40% | -22.44% | -45.63% | 38.44% | 15.10% | 8.14% | 15.88% | 27.54% | -13.32% | -10.91% | 36.42% | 11.96% | 28.43% |
| 2019 | 24.26% | 9.81% | 5.26% | 11.94% | -20.59% | 22.34% | 4.19% | -6.81% | 4.39% | 6.32% | 11.80% | 8.27% | 103.72% |
| 2018 | 20.81% | -10.77% | -11.25% | -0.51% | 9.05% | 0.64% | 10.70% | 11.25% | 1.67% | -21.11% | 2.07% | -26.16% | -22.24% |
| 2017 | 7.34% | 13.76% | 1.17% | 4.92% | 5.80% | -0.69% | 8.56% | 2.16% | 3.36% | 11.42% | 8.85% | 3.55% | 96.06% |
| 2016 | -17.86% | -1.96% | 21.97% | -2.48% | 5.90% | -2.10% | 14.25% | 1.21% | 1.41% | -4.35% | 10.12% | 6.43% | 30.54% |
| 2015 | -9.08% | 19.49% | -6.31% | 2.82% | 4.62% | -6.91% | 6.96% | -19.86% | -7.43% | 30.62% | 1.24% | -5.78% | 0.77% |
| 2014 | -10.72% | 14.17% | -1.67% | 0.48% | 7.75% | 5.99% | -1.91% | 12.83% | -2.82% | 5.94% | 10.59% | -3.30% | 40.15% |
Expense Ratio
3X has a high expense ratio of 0.97%, indicating above-average management fees. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of 3X is 12, meaning it’s performing worse than 88% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.02 | 0.56 | 1.08 | 0.04 | 0.09 |
UDOW ProShares UltraPro Dow30 | -0.04 | 0.42 | 1.06 | 0.04 | 0.13 |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.09 | 0.56 | 1.08 | 0.14 | 0.45 |
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Dividends
Dividend yield
3X provided a 1.35% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.35% | 0.99% | 1.07% | 0.57% | 0.12% | 0.14% | 0.50% | 0.61% | 1.32% | 0.22% | 0.07% | 0.16% |
| Portfolio components: | ||||||||||||
TQQQ ProShares UltraPro QQQ | 1.67% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
UDOW ProShares UltraPro Dow30 | 1.37% | 0.95% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 1.00% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the 3X. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 3X was 75.07%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current 3X drawdown is 29.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -75.07% | Feb 20, 2020 | 23 | Mar 23, 2020 | 179 | Dec 4, 2020 | 202 |
| -66.32% | Jan 4, 2022 | 195 | Oct 12, 2022 | 418 | Jun 12, 2024 | 613 |
| -51.76% | Oct 4, 2018 | 56 | Dec 24, 2018 | 145 | Jul 24, 2019 | 201 |
| -49.4% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -46.69% | May 2, 2011 | 108 | Oct 3, 2011 | 101 | Feb 28, 2012 | 209 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 3 assets, with an effective number of assets of 3.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | TQQQ | UDOW | SPXL | Portfolio | |
|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.90 | 0.92 | 1.00 | 0.99 |
| TQQQ | 0.90 | 1.00 | 0.76 | 0.90 | 0.94 |
| UDOW | 0.92 | 0.76 | 1.00 | 0.92 | 0.92 |
| SPXL | 1.00 | 0.90 | 0.92 | 1.00 | 0.99 |
| Portfolio | 0.99 | 0.94 | 0.92 | 0.99 | 1.00 |