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TQQQ vs. QQQ3.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TQQQ vs. QQQ3.L

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares UltraPro QQQ (TQQQ) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L).

TQQQ and QQQ3.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. QQQ3.L is a passively managed fund by WisdomTree that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Dec 13, 2012. Both TQQQ and QQQ3.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TQQQ vs. QQQ3.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro QQQ (TQQQ) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L). The values are adjusted to include any dividend payments, if applicable.

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TQQQ vs. QQQ3.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TQQQ
ProShares UltraPro QQQ		-17.87%34.35%58.27%198.04%-79.09%82.98%110.05%133.84%-19.79%118.06%
QQQ3.L
WisdomTree NASDAQ 100 3x Daily Leveraged		-19.55%27.64%59.91%209.50%-79.58%87.37%110.13%128.92%-21.29%114.27%

Returns By Period

In the year-to-date period, TQQQ achieves a -17.87% return, which is significantly higher than QQQ3.L's -19.55% return. Both investments have delivered pretty close results over the past 10 years, with TQQQ having a 35.31% annualized return and QQQ3.L not far behind at 34.75%.

TQQQ

1D
3.72%
1M
-12.88%
YTD
-17.87%
6M
-17.28%
1Y
48.52%
3Y*
46.87%
5Y*
13.55%
10Y*
35.31%

QQQ3.L

1D
9.71%
1M
-10.86%
YTD
-19.55%
6M
-16.73%
1Y
46.01%
3Y*
45.86%
5Y*
12.98%
10Y*
34.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares UltraPro QQQ

WisdomTree NASDAQ 100 3x Daily Leveraged

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TQQQ vs. QQQ3.L - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is higher than QQQ3.L's 0.75% expense ratio.

TQQQ
ProShares UltraPro QQQ
QQQ3.L
WisdomTree NASDAQ 100 3x Daily Leveraged

Return for Risk

TQQQ vs. QQQ3.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TQQQ
TQQQ Risk / Return Rank: 4747
Overall Rank
TQQQ Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
TQQQ Sortino Ratio Rank: 5151
Sortino Ratio Rank
TQQQ Omega Ratio Rank: 5050
Omega Ratio Rank
TQQQ Calmar Ratio Rank: 5353
Calmar Ratio Rank
TQQQ Martin Ratio Rank: 4444
Martin Ratio Rank
QQQ3.L
QQQ3.L Risk / Return Rank: 4444
Overall Rank
QQQ3.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
QQQ3.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
QQQ3.L Omega Ratio Rank: 4646
Omega Ratio Rank
QQQ3.L Calmar Ratio Rank: 4444
Calmar Ratio Rank
QQQ3.L Martin Ratio Rank: 4040
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TQQQ vs. QQQ3.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L). 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.

TQQQQQQ3.LDifference

Sharpe ratio

Return per unit of total volatility

0.72

0.78

-0.06

Sortino ratio

Return per unit of downside risk

1.41

1.40

+0.01

Omega ratio

Gain probability vs. loss probability

1.20

1.19

+0.01

Calmar ratio

Return relative to maximum drawdown

1.41

1.20

+0.21

Martin ratio

Return relative to average drawdown

4.28

3.84

+0.44

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQQQ vs. QQQ3.L - Sharpe Ratio Comparison

The current TQQQ Sharpe Ratio is 0.72, which is comparable to the QQQ3.L Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of TQQQ and QQQ3.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TQQQQQQ3.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

0.78

-0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

0.21

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.58

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.70

-0.06

Correlation

The correlation between TQQQ and QQQ3.L is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TQQQ vs. QQQ3.L - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 0.73%, while QQQ3.L has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
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%
QQQ3.L
WisdomTree NASDAQ 100 3x Daily Leveraged		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TQQQ vs. QQQ3.L - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, roughly equal to the maximum QQQ3.L drawdown of -81.35%. Use the drawdown chart below to compare losses from any high point for TQQQ and QQQ3.L.

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Drawdown Indicators

TQQQQQQ3.LDifference

Max Drawdown

Largest peak-to-trough decline

-81.66%

-81.35%

-0.31%

Max Drawdown (1Y)

Largest decline over 1 year

-36.97%

-35.92%

-1.05%

Max Drawdown (5Y)

Largest decline over 5 years

-81.66%

-81.35%

-0.31%

Max Drawdown (10Y)

Largest decline over 10 years

-81.66%

-81.35%

-0.31%

Current Drawdown

Current decline from peak

-28.08%

-28.28%

+0.20%

Average Drawdown

Average peak-to-trough decline

-18.66%

-19.80%

+1.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.13%

11.21%

+0.92%

Volatility

TQQQ vs. QQQ3.L - Volatility Comparison

ProShares UltraPro QQQ (TQQQ) has a higher volatility of 19.74% compared to WisdomTree NASDAQ 100 3x Daily Leveraged (QQQ3.L) at 18.05%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than QQQ3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TQQQQQQ3.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.74%

18.05%

+1.69%

Volatility (6M)

Calculated over the trailing 6-month period

38.50%

35.40%

+3.10%

Volatility (1Y)

Calculated over the trailing 1-year period

67.35%

58.86%

+8.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

66.53%

62.23%

+4.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

65.83%

59.71%

+6.12%