For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.
The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.
Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.
Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.
This leveraged ProShares ETF seeks a return that is 3x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.
There is no guarantee that distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.
There is no guarantee any ProShares ETF will achieve its investment objective.
Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.
Investing involves risk, including the possible loss of principal. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see their summary and full prospectuses for a more complete description of risks.
Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.
"Nasdaq,®" "Nasdaq-100,®" "Nasdaq-100 Index®" and "QQQ®" are trademarks of The Nasdaq OMX Group, Inc. and have been licensed for use by ProShares. ProShares have not been passed on by Nasdaq OMX or its affiliates as to their legality or suitability. ProShares based on Nasdaq indexes are not sponsored, endorsed, sold or promoted by Nasdaq OMX or its affiliates, and they make no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.
Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.
ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.
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FAQs
TQQQ seeks daily returns that are three times those of the QQQ (before fees and expenses.) QQQ experiences smaller price fluctuations and is considered to be less risky than TQQQ. Therefore, QQQ is best suited for long-term buy-and-hold investors, while TQQQ is better for active taders.
Which is better QQQ or TQQQ? ›
TQQQ seeks daily returns that are three times those of the QQQ (before fees and expenses.) QQQ experiences smaller price fluctuations and is considered to be less risky than TQQQ. Therefore, QQQ is best suited for long-term buy-and-hold investors, while TQQQ is better for active taders.
Why is TQQQ so risky? ›
Warning. As we mentioned, there are large risks trying to use TQQQ to profit from market moves. There is a constant downward price bias and the risk of loss grows the longer one holds the fund. This is especially true with higher interest rates as the carrying cost to leverage the fund 3X go up with higher rates.
What is the 10 year return of TQQQ? ›
Is it OK to hold TQQQ? ›
Back tests show that TQQQ can be held longer term (1-Year) and beats QQQ but holding for too long (5 Years) can significantly worsen performance. Holding TQQQ for too long almost guarantees that you will encounter a protracted bear market that wipes out nearly your entire portfolio.
What are the negatives of TQQQ? ›
One, TQQQ's use of debt and swaps amplifies the potential gains, but also risks and expenses. This is why TQQQ has an expense ratio near 1%, which is quite high for an ETF. As a result, investors are taking on quite a bit of risk but also are paying quite a high fee (relatively) to hold this exposure.
Who is the largest holder of TQQQ? ›
Largest shareholders include Susquehanna International Group, Llp, Citadel Advisors Llc, Susquehanna International Group, Llp, Citadel Advisors Llc, Hrt Financial Lp, Wolverine Trading, Llc, Citadel Advisors Llc, Wolverine Trading, Llc, Paragon Advisors, LLC, and Cantor Fitzgerald, L. P. .
Can anyone hold TQQQ long term? ›
The outsized long-term gain TQQQ made over a year-long period are striking, especially in view of the fact that ProShares warns investors very strongly that TQQQ should only be held for a single day and that its results compound in an unpredictable way if held longer than a single trading day due to the ETF resetting ...
Is TQQQ a decaying stock? ›
It should be noted that the SQQQ and TQQQ ETFs are prone to time decay because they are made up of financial derivatives.
Is TQQQ decaying? ›
3X ETFs such as TQQQs have much higher decay, and the loss from time-decay is significant in both the bear and bull markets. Therefore TQQQ is not a desirable vehicle for long-term holding.
TQQQ Dividend Information
TQQQ has a dividend yield of 0.83% and paid $0.38 per share in the past year. The dividend is paid once per year and the last ex-dividend date was Jun 21, 2023.
What is the annual fee for TQQQ? ›
Expenses: Most ETFs have expense ratios below 0.20%, whereas the expenses for TQQQ are 0.95%, or $95 for every $10,000 invested.
What was QQQ returns last 30 years? ›
In the last 30 Years, the Invesco QQQ Trust (QQQ) ETF obtained a 14.04% compound annual return, with a 23.92% standard deviation. In 2022, the ETF granted a 0.54% dividend yield.
What is the maximum loss on TQQQ? ›
The maximum loss will occur when the stock price is at or below 25. The max loss is $1.33. TQQQ Put Spread is trading at a 10% premium to historical average.
Why TQQQ is not good for long term? ›
Compounding losses at three times will quickly erode profits. This reason alone is why TQQQ should never be an “all in” position. You have to recognize your own risk tolerance before investing in any leveraged ETF. The most common concern new TQQQ investors have is the fear of it falling to zero in a 33% downturn.
Why not invest in QQQ long term? ›
While QQQ has an expense ratio of 0.20% while QQQM has a ratio of 0.15%. While this is a small difference, it can add up when you are investing in the long term. For example, a $100,000 investment in QQQ would attract a $200 fee in one year.
Why not to invest in TQQQ? ›
More from The Intelligent Investor
And TQQQ's prospectus warns candidly that it “will lose money if the [Nasdaq] index's performance is flat over time,” adding that “the fund can lose money regardless of the performance of the index.” Still, it isn't clear that all the buyers of the fund fully understand how it works.
What is the return of TQQQ vs QQQ? ›
Over the past 10 years, QQQ has underperformed TQQQ with an annualized return of 18.10%, while TQQQ has yielded a comparatively higher 37.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Is QQQ the best growth fund? ›
The QQQ has been one of the best ETFs and best tech ETFs so far this year, with shares up more than 37% through the first half of 2023 vs a slimmer 15% return for the S&P 500.
Why is TQQQ not a good long term investment? ›
Compounding losses at three times will quickly erode profits. This reason alone is why TQQQ should never be an “all in” position. You have to recognize your own risk tolerance before investing in any leveraged ETF. The most common concern new TQQQ investors have is the fear of it falling to zero in a 33% downturn.
