Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | Government Bonds | 40% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 20% |
UPRO ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 40% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in UPRO/ EDV/TQQQ, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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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 Apr 3, 2026, the UPRO/ EDV/TQQQ returned -8.01% Year-To-Date and 20.56% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio UPRO/ EDV/TQQQ | 0.50% | -7.00% | -8.01% | -8.31% | 21.69% | 22.80% | 8.20% | 20.56% |
| Portfolio components: | ||||||||
UPRO ProShares UltraPro S&P 500 | 0.21% | -11.26% | -13.96% | -11.61% | 31.98% | 37.93% | 17.21% | 25.67% |
EDV Vanguard Extended Duration Treasury ETF | 0.98% | -3.67% | 0.77% | -2.67% | -4.62% | -6.39% | -9.36% | -2.92% |
TQQQ ProShares UltraPro QQQ | 0.23% | -9.77% | -17.68% | -18.09% | 45.61% | 47.33% | 13.60% | 35.51% |
Monthly Returns
Based on dividend-adjusted daily data since Feb 12, 2010, UPRO/ EDV/TQQQ's average daily return is +0.11%, while the average monthly return is +2.22%. At this rate, your investment would double in approximately 2.6 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +24.9%, while the worst month was Apr 2022 at -22.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, UPRO/ EDV/TQQQ closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +16.1%, while the worst single day was Mar 12, 2020 at -14.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.71% | -0.50% | -11.04% | 2.17% | -8.01% | ||||||||
| 2025 | 3.52% | -0.91% | -12.26% | -5.50% | 10.54% | 11.87% | 2.92% | 1.84% | 9.63% | 5.78% | -1.84% | -2.69% | 22.13% |
| 2024 | 0.55% | 8.07% | 4.79% | -11.71% | 10.85% | 8.75% | 0.83% | 3.31% | 4.22% | -5.33% | 11.15% | -6.81% | 29.03% |
| 2023 | 17.85% | -6.64% | 12.44% | 1.51% | 2.88% | 12.18% | 4.17% | -5.74% | -13.71% | -7.96% | 23.61% | 13.58% | 58.65% |
| 2022 | -13.32% | -7.50% | 2.46% | -22.45% | -4.19% | -14.80% | 19.91% | -11.22% | -21.49% | 7.09% | 12.51% | -14.43% | -55.19% |
| 2021 | -3.46% | -0.21% | 3.89% | 11.31% | -0.50% | 8.91% | 6.43% | 6.05% | -10.75% | 14.97% | 1.36% | 4.72% | 48.40% |
Benchmark Metrics
UPRO/ EDV/TQQQ has an annualized alpha of 7.48%, beta of 1.56, and R² of 0.84 versus S&P 500 Index. Calculated based on daily prices since February 12, 2010.
- This portfolio captured 229.66% of S&P 500 Index gains and 154.69% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This portfolio generated an annualized alpha of 7.48% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 1.56 means this portfolio moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 7.48%
- Beta
- 1.56
- R²
- 0.84
- Upside Capture
- 229.66%
- Downside Capture
- 154.69%
Expense Ratio
UPRO/ EDV/TQQQ has an expense ratio of 0.58%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
UPRO/ EDV/TQQQ ranks 14 for risk / return — in the bottom 14% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.88 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.37 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.39 | -0.37 |
Martin ratioReturn relative to average drawdown | 3.34 | 6.43 | -3.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
UPRO ProShares UltraPro S&P 500 | 35 | 0.59 | 1.17 | 1.17 | 1.03 | 4.06 |
EDV Vanguard Extended Duration Treasury ETF | 7 | -0.27 | -0.25 | 0.97 | -0.34 | -0.64 |
TQQQ ProShares UltraPro QQQ | 41 | 0.68 | 1.36 | 1.19 | 1.32 | 3.99 |
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Dividends
Dividend yield
UPRO/ EDV/TQQQ provided a 2.52% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.52% | 2.44% | 2.49% | 2.07% | 1.63% | 0.80% | 2.26% | 1.58% | 1.44% | 1.17% | 2.18% | 1.84% |
| Portfolio components: | ||||||||||||
UPRO ProShares UltraPro S&P 500 | 1.01% | 0.84% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% |
EDV Vanguard Extended Duration Treasury ETF | 4.91% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
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 UPRO/ EDV/TQQQ. 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 UPRO/ EDV/TQQQ was 59.12%, occurring on Oct 14, 2022. Recovery took 539 trading sessions.
The current UPRO/ EDV/TQQQ drawdown is 14.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.12% | Dec 28, 2021 | 202 | Oct 14, 2022 | 539 | Dec 6, 2024 | 741 |
| -42.91% | Feb 20, 2020 | 21 | Mar 19, 2020 | 74 | Jul 6, 2020 | 95 |
| -35.85% | Dec 9, 2024 | 82 | Apr 8, 2025 | 86 | Aug 12, 2025 | 168 |
| -30.45% | Aug 30, 2018 | 80 | Dec 24, 2018 | 69 | Apr 4, 2019 | 149 |
| -21.64% | Sep 3, 2020 | 41 | Oct 30, 2020 | 33 | Dec 17, 2020 | 74 |
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 2.78, 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
| Benchmark | EDV | TQQQ | UPRO | Portfolio | |
|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.25 | 0.90 | 1.00 | 0.92 |
| EDV | -0.25 | 1.00 | -0.20 | -0.25 | 0.04 |
| TQQQ | 0.90 | -0.20 | 1.00 | 0.90 | 0.92 |
| UPRO | 1.00 | -0.25 | 0.90 | 1.00 | 0.92 |
| Portfolio | 0.92 | 0.04 | 0.92 | 0.92 | 1.00 |