ProShares UltraPro QQQ (TQQQ)
TQQQ is an exchange-traded fund (ETF) that aims to track the performance of the NASDAQ-100 Index, a benchmark consisting of the 100 largest non-financial companies listed on the NASDAQ stock exchange. TQQQ is managed by ProShares, a provider of ETFs that focus on alternative and leveraged investment strategies.
A key feature of TQQQ is its leveraged exposure to the NASDAQ-100 Index, which means that it aims to provide investors with returns that are three times (300%) the daily performance of the index. That is achieved through the use of financial instruments such as futures contracts and options. As a result, TQQQ may not be suitable for investors with a low-risk tolerance or a buy-and-hold investment strategy.
TQQQ was launched on February 9, 2010, with an expense ratio of 0.95%. This expense ratio is higher than some other ETFs and mutual funds.
ETF Info
| ISIN | US74347X8314 |
|---|---|
| CUSIP | 74347X831 |
| Issuer | ProShares |
| Inception Date | Feb 9, 2010 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | NASDAQ-100 Index (300%) |
| Home Page | www.proshares.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The ProShares UltraPro QQQ has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares UltraPro QQQ, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares UltraPro QQQ had a return of 4.42% year-to-date (YTD) and 94.93% in the last 12 months. Over the past 10 years, ProShares UltraPro QQQ had an annualized return of 36.30%, outperforming the S&P 500 benchmark which had an annualized return of 10.37%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.42% | 5.06% |
| 1 month | -11.47% | -3.23% |
| 6 months | 48.94% | 17.14% |
| 1 year | 94.93% | 20.62% |
| 5 years (annualized) | 27.67% | 11.54% |
| 10 years (annualized) | 36.30% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.83% | 14.67% | 2.36% | |||||||||
| 2023 | -15.77% | -7.97% | 33.83% | 16.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
ProShares UltraPro QQQ(TQQQ)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares UltraPro QQQ granted a 1.34% dividend yield in the last twelve months. The annual payout for that period amounted to $0.70 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.64 | $0.10 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 |
Dividend yield | 1.34% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraPro QQQ. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.22 | |||||||||
| 2023 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraPro QQQ. 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 ProShares UltraPro QQQ was 81.66%, occurring on Dec 28, 2022. The portfolio has not yet recovered.
The current ProShares UltraPro QQQ drawdown is 38.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -81.66% | Nov 22, 2021 | 277 | Dec 28, 2022 | — | — | — |
| -69.92% | Feb 20, 2020 | 22 | Mar 20, 2020 | 77 | Jul 10, 2020 | 99 |
| -58.08% | Aug 30, 2018 | 80 | Dec 24, 2018 | 217 | Nov 4, 2019 | 297 |
| -44.54% | Jul 21, 2015 | 141 | Feb 9, 2016 | 157 | Sep 22, 2016 | 298 |
| -43.91% | Jul 25, 2011 | 20 | Aug 19, 2011 | 118 | Feb 8, 2012 | 138 |
Volatility
Volatility Chart
The current ProShares UltraPro QQQ volatility is 12.60%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.