TQQQ/TMF
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
TMF Direxion Daily 20-Year Treasury Bull 3X | Leveraged Bonds, Leveraged | 50% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 50% |
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 25, 2025, the TQQQ/TMF returned -10.84% Year-To-Date and 13.51% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -1.34% | 5.80% | -2.79% | 9.39% | 14.45% | 10.68% |
| TQQQ/TMF | -10.84% | 7.27% | -13.46% | -6.06% | -5.63% | 13.51% |
| Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | -15.94% | 27.20% | -14.71% | 2.84% | 28.34% | 30.86% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -11.87% | -12.20% | -20.21% | -25.65% | -37.94% | -14.65% |
Monthly Returns
The table below presents the monthly returns of TQQQ/TMF, 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 | 2.17% | 3.42% | -13.34% | -4.85% | 2.34% | -10.84% | |||||||
| 2024 | -2.17% | 3.92% | 1.84% | -16.86% | 13.06% | 11.45% | 0.78% | 2.74% | 5.40% | -10.45% | 9.81% | -8.36% | 6.65% |
| 2023 | 27.45% | -8.99% | 21.52% | -0.19% | 6.33% | 10.08% | 0.97% | -8.41% | -19.07% | -12.69% | 31.74% | 20.82% | 71.27% |
| 2022 | -18.65% | -9.85% | -4.80% | -31.78% | -8.65% | -15.67% | 22.23% | -15.68% | -27.69% | -5.27% | 16.32% | -18.58% | -75.47% |
| 2021 | -5.65% | -8.65% | -5.84% | 12.32% | -2.70% | 16.65% | 9.65% | 5.49% | -13.12% | 15.78% | 6.31% | -2.19% | 25.16% |
| 2020 | 15.85% | 0.95% | -7.62% | 24.50% | 8.25% | 10.51% | 17.85% | 11.96% | -11.81% | -10.31% | 19.75% | 6.88% | 114.92% |
| 2019 | 13.73% | 2.82% | 13.27% | 5.18% | -4.21% | 11.30% | 3.27% | 12.98% | -4.34% | 4.24% | 5.73% | 1.89% | 86.19% |
| 2018 | 8.75% | -7.60% | -4.53% | -3.51% | 11.43% | 1.80% | 1.48% | 11.02% | -4.77% | -17.89% | 1.32% | -1.12% | -7.33% |
| 2017 | 8.50% | 9.12% | 2.07% | 6.24% | 8.34% | -3.24% | 5.08% | 7.40% | -4.07% | 6.66% | 3.76% | 3.03% | 66.12% |
| 2016 | -1.28% | 2.94% | 6.82% | -5.93% | 7.07% | 6.90% | 14.41% | -0.01% | 0.80% | -8.87% | -10.52% | 1.62% | 11.69% |
| 2015 | 12.40% | -1.38% | -2.54% | -2.72% | -0.35% | -9.94% | 13.38% | -12.15% | -0.18% | 18.48% | -0.29% | -3.99% | 6.36% |
| 2014 | 6.31% | 7.81% | -2.98% | 1.91% | 11.09% | 4.20% | 2.33% | 14.95% | -4.71% | 7.31% | 11.70% | 0.64% | 77.38% |
Expense Ratio
TQQQ/TMF has a high expense ratio of 1.02%, 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 TQQQ/TMF is 4, meaning it’s performing worse than 96% 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 | 0.08 | 0.61 | 1.08 | 0.07 | 0.18 |
TMF Direxion Daily 20-Year Treasury Bull 3X | -0.58 | -0.67 | 0.92 | -0.28 | -1.02 |
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Dividends
Dividend yield
TQQQ/TMF provided a 3.15% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.15% | 2.78% | 2.04% | 1.09% | 0.07% | 1.12% | 0.50% | 0.80% | 0.20% | 0.00% | 0.00% | 0.01% |
| Portfolio components: | ||||||||||||
TQQQ ProShares UltraPro QQQ | 1.49% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.81% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 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 TQQQ/TMF. 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 TQQQ/TMF was 77.77%, occurring on Nov 9, 2022. The portfolio has not yet recovered.
The current TQQQ/TMF drawdown is 61.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -77.77% | Nov 22, 2021 | 244 | Nov 9, 2022 | — | — | — |
| -42.1% | Mar 9, 2020 | 8 | Mar 18, 2020 | 29 | Apr 29, 2020 | 37 |
| -29.23% | Sep 3, 2020 | 127 | Mar 8, 2021 | 83 | Jul 6, 2021 | 210 |
| -26.69% | Aug 30, 2018 | 58 | Nov 20, 2018 | 80 | Mar 20, 2019 | 138 |
| -22.87% | Sep 29, 2016 | 45 | Dec 1, 2016 | 83 | Apr 3, 2017 | 128 |
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 2 assets, with an effective number of assets of 2.00, 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 | TMF | TQQQ | Portfolio | |
|---|---|---|---|---|
| ^GSPC | 1.00 | -0.27 | 0.90 | 0.58 |
| TMF | -0.27 | 1.00 | -0.20 | 0.47 |
| TQQQ | 0.90 | -0.20 | 1.00 | 0.70 |
| Portfolio | 0.58 | 0.47 | 0.70 | 1.00 |