Compare/Updated Oct 26, 2026, refreshed every trading day
QQQ vs TQQQ
Invesco QQQ Trust, Series 1 against ProShares UltraPro QQQ: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
TQQQ did better over the period: $1,000 invested on October 28, 2022 grew to $6,583, versus $2,565 for QQQ. TQQQ’s 558.3% return substantially exceeded QQQ’s 156.5% return because it delivered leveraged exposure to the same Nasdaq-100-linked daily moves. That performance came with materially higher risk: TQQQ’s 12-month volatility was 59.4% versus 20.0% for QQQ, its worst drawdown was 58.0% versus 22.8%, and its expense ratio was 0.97% versus 0.20%. TQQQ also performed better over the one- and three-year periods, but lagged QQQ over the latest month (-15.6% versus -5.0%). The comparison shows that leverage amplified both gains and losses; TQQQ’s stronger historical return came with substantially greater volatility and drawdown risk.
- Price is above its 200-day average ($676); 50-day at $725.
- RSI 37, neutral. Supertrend says sell. ADX 25, so the trend is developing.
- Price is above its 200-day average ($65); 50-day at $74.
- RSI 35, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, QQQ or TQQQ?
QQQ beat TQQQ in 21 of the last 48 months; TQQQ won the other 27. The typical monthly gap was 7.01 points.
Total return by period
Which is riskier?
QQQ: Feb 19, 2025 to Apr 8, 2025; TQQQ: Dec 16, 2024 to Apr 8, 2025
- 1.000
- correlation of daily moves, 4 years
- 0.34
- QQQ move per 1% in TQQQ
- 1.000
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 7.01 points.
When did they diverge?
| Month | QQQ | TQQQ | Gap |
|---|---|---|---|
| April 2026 | +15.7% | +52.5% | -36.77 pts |
| November 2023 | +10.8% | +33.9% | -23.04 pts |
| May 2026 | +10.6% | +33.1% | -22.51 pts |
| January 2023 | +10.7% | +32.5% | -21.82 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
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