ETF Analysis
TQQQ ETF: 3x Daily Nasdaq-100 Exposure, Holdings, Fees and Risk
TQQQ answer
TQQQ, ProShares UltraPro QQQ, seeks three times the daily return of the Nasdaq-100: the 3x target resets every trading day. Because of that daily reset, TQQQ's return over weeks or years is not three times QQQ's; in choppy markets compounding erodes it, and in steady trends it can exceed 3x. Its annualized volatility is 59.75%, and its maximum drawdown over the past year is -37.17%. TQQQ gets its leverage from swaps and futures alongside Nasdaq-100 stocks, and its expense ratio is 0.94%.
- Expense ratio
- 0.94%
- Annual volatility
- 59.75%
- Max drawdown
- -37.17%
- Beta
- 3.71
- Fund size
- $40.7B
- 1Y price return
- +23.7%
ProShares UltraPro QQQ (TQQQ) currently has an AIQ Score of 40/100, indicating a neutral setup. Quality is the strongest factor at 77/100. Risk is the weakest current factor at 0/100. Performance, momentum, risk, distribution, and exposure evidence should be read together at the latest market-close snapshot.
TQQQ at a Glance
Crawlable current metrics from the latest market-close ETF snapshot.
| Metric | Current |
|---|---|
| Price | $66.29 |
| AIQ Score | 40/100 |
| Overall View | Neutral |
| Technical Analysis Consensus | Strong Sell |
| Fund Size | $40.7B |
| Expense Ratio | 0.94% |
| Holdings Count | 116 |
| NAV | $66.27 |
| Asset Class | Equity |
| Primary Exposure | Technology (60.32%) |
| Issuer | ProShares |
| Domicile | US |
| Inception Date | Feb 9, 2010 |
| Distribution Yield | 0.73% |
| Beta | 3.71 |
| Average Volume | 57.92M |
| 52-week range | $37.32-$88.09 |
| RSI 14 | 23.21 |
| 50-Day SMA | $74.09 |
| 200-Day SMA | $65.21 |
| Risk Score | 0/100 |
| Momentum Score | 26/100 |
| Value Exposure Score | 33/100 |
TQQQ Long-Horizon ETF Performance
Trailing returns, growth of $10,000, drawdown history, and calendar-year returns from available daily closes.
| Period | Total return | Annualized | Max drawdown | Start date |
|---|---|---|---|---|
| 1Y | 23.65% | 23.67% | -37.17% | Oct 23, 2025 |
| 3Y | 285.52% | 56.78% | -58.30% | Oct 23, 2023 |
| 5Y | 80.53% | 12.56% | -81.75% | Oct 26, 2021 |
| 10Y | 80.53% | 12.56% | -81.75% | Oct 26, 2021 |
Growth of $10,000
Indexed to the first available close in this history window.
Drawdown History
Peak-to-trough decline from each prior high over the available window.
Calendar-Year Returns
Full-year returns where available, with the current calendar year shown as YTD.
TQQQProShares UltraPro QQQ
Financial Services / Asset Management
Low Priority
Relative Laggard
Latest quote
- Momentum26
- Value33
- Quality77
- Risk resilience0
- Sentiment—
TQQQ ETF Analysis Summary
ProShares UltraPro QQQ (TQQQ) currently has an AIQ Score of 40/100, indicating a neutral setup. Quality is the strongest factor at 77/100. Risk resilience is the weakest current factor at 0/100. Performance, exposure, distribution, momentum, and risk evidence should be read together at the latest market-close snapshot.
In a neutral regime, TQQQ has AIQ Score of 40/100 with Quality base of 77/100 and fading Risk resilience at 0/100. Wait for component alignment before adding exposure.
Quality (77/100) leads while Risk resilience (0/100) lags. This cross-factor spread creates entry timing uncertainty.
Financial Services · -0.20% ETF move · TQQQ classified in Asset Management.
Current Evidence
AlgovestIQ Evidence Summary
Current consensus, supporting evidence, recent changes, and what would strengthen or weaken the view.
Is TQQQ Bullish or Bearish Right Now?
TQQQ currently has a neutral overall setup. Quality is the strongest factor at 77/100, while Risk Resilience is weakest at 0/100. The current evidence suggests a mixed rather than strongly bullish or bearish setup.
- - Quality is supportive at 77/100.
- - Value is the current constraint at 33/100.
- - Momentum is weak at 26/100.
- - Risk Resilience is weak at 0/100.
- - Technical consensus has more sell votes than buy votes (37 vs 7).
Current Consensus
TQQQ's Technical Analysis Consensus is currently Strong Sell, with 7 buy, 1 neutral, and 37 sell votes. TQQQ's 14-day RSI is 23.21, which places the ETF in an oversold momentum range. TQQQ's beta is 3.71, indicating greater market sensitivity than the broad market.
What Changed in TQQQ?
The largest recent change in TQQQ is Momentum moving down by 8.0 points over the available 7-day comparison window. Quality remains the strongest visible factor.
What Would Change the TQQQ Outlook?
The current neutral outlook could improve if AIQ moves above 70, momentum recovers, risk resilience improves, and price confirms a stronger trend above the 50-day and 200-day moving averages. It would weaken if AIQ falls below 40, price loses long-term moving-average support, distribution or liquidity context deteriorates, or risk evidence worsens.
AIQ > 70, RSI above 55, price above SMA-50/SMA-200, and positive market-context evidence.
AIQ below 40, RSI below 45, loss of SMA-200, negative revisions, or rising volatility and drawdown risk.
TQQQ Decision Framework
Public evidence layers, setup checks, and risk context for ProShares UltraPro QQQ.
ProShares UltraPro QQQ (TQQQ) ETF Analysis
ProShares UltraPro QQQ has an AIQ Score of 40/100 in a Neutral regime. Quality is strongest at 77/100. Beta is 3.71, above market sensitivity. Review the supporting etf factors together before drawing a conclusion from any single score.
| Evidence Layer | Public Evidence |
|---|---|
| Regime Context | TQQQ is in a Neutral AIQ regime with score 40/100. |
| Signal Conflict | The primary conflict is that quality leads at 77/100 while risk lags at 0/100. |
| Factor Evidence | Momentum 26/100 · Value 33/100 · Quality 77/100 · Risk 0/100 |
| Persistence | Current snapshot evidence is shown; historical persistence remains in AIQ Pro. |
Current Setup Checklist
Quality is the strongest factor at 77/100.
Momentum is 26/100 and RSI (14) is 23.2.
TQQQ is in a Neutral regime at 40/100.
Risk factor is 0/100 with beta 3.71 and annual volatility 59.75%.
Current conflict: quality leads at 77/100 while risk lags at 0/100.
TQQQ Research Cluster
ETF-specific paths for performance, risk, distributions, market context, data, comparisons, and news.
TQQQ ETF Analytics
TQQQ holdings context, yield, risk, valuation exposure, momentum, and AIQ evidence.
TQQQ Technical Analysis
TQQQ technical setup based on RSI, MACD, moving averages, AIQ Momentum, volume, trend, volatility, and pivots.
TQQQ ETF Market Context
Track TQQQ market context, news pressure, trend changes, income events, and current allocation evidence.
TQQQ Distribution Analysis
TQQQ distribution yield, annualized distributions, payment history, and income context.
TQQQ ETF Data
TQQQ available fund data, market metrics, technical readings, risk measures, and AIQ evidence.
TQQQ Risk Analysis
TQQQ volatility, beta, drawdown, Sharpe ratio, VaR, and downside resilience.
TQQQ ETF News
TQQQ ETF news, market tone, recent headlines, and catalyst context.
TQQQ vs Leveraged Peers
Current peer cohort: TQQQ · TSLL · UPRO · FNGD · NVDL. Compare AIQ, factor scores, Sharpe ratio and 1-year volatility in one indexable view.
| Peer | AIQ | Value | Momentum | Risk | Sharpe | 1Y Volatility | Compare |
|---|---|---|---|---|---|---|---|
| TQQQ Current ETF | 40/100 | 33/100 | 26/100 | 0/100 | 0.63 | 59.75% | Current |
| TSLL Direxion Daily TSLA Bull 2X ETF | 41/100 | 24/100 | 51/100 | 0/100 | -0.38 | 90.36% | TQQQ vs TSLL |
| UPRO ProShares UltraPro S&P 500 (3x) | 41/100 | 37/100 | 33/100 | 28/100 | 0.77 | 38.20% | TQQQ vs UPRO |
| FNGD MicroSectors FANG+ Index -3X Inverse ETN | 48/100 | 48/100 | 73/100 | 1/100 | -0.55 | 68.74% | TQQQ vs FNGD |
| NVDL GraniteShares 2x Long NVDA Daily ETF | 36/100 | — | 23/100 | 0/100 | 0.42 | 75.69% | TQQQ vs NVDL |
Peer cohort is resolved dynamically from the AlgovestIQ universe taxonomy and Compare relationship graph. Data as of Oct 23, 2026.
About the AIQ Score
Methodology for the current ETF evidence.
The AlgovestIQ AIQ Score combines multiple dimensions of ETF evidence, including momentum, valuation exposure, quality, risk resilience, sentiment context, and timing signals. It is a descriptive research score, not a guarantee of future performance or a personalized recommendation.
View AIQ methodologyFactor Diagnostics
A compact bridge from the AIQ score to the evidence tabs.
Valuation exposure across the fund's holdings.
Quality context inferred from fund exposure and available evidence.
Trend, momentum, volume, and timing confirmation.
Resilience, volatility, beta, drawdown, and tail risk.
News and event pressure around the setup.
Open the return calculator with ETF context while purchase price, shares, dates and fees remain user inputs.
AIQ Component Profile
Compare the five component scores on one consistent 0–100 scale.
Review earnings timing, revisions, news pressure, and prior event reactions in one place.
Open catalystsNo quarterly financial rows in this snapshot.
Checked Oct 25, 2026
Explore factor drivers, conflicts, persistence, and scenario sensitivity in the advanced workspace.
ETF Analytics Snapshot
Current ETF evidence uses fund profile, cost, size, distribution, momentum, and risk fields.
ETF pages use fund-native profile fields for cost, size, liquidity, holdings breadth, NAV, issuer, and launch date.
Market Confirmation
Technicals are summarized first, with the indicator library behind it.
Risk Alignment
Higher resilience is stronger; exposure metrics stay separate.
Continue Researching TQQQ
Open the detailed evidence pages and workflows behind the ETF overview read.
Premium Feature
Full AIQ Analysis
AIQ Intelligence
AIQ Pro for TQQQ
Scenario Analysis
AIQ Scenario Builder
Portfolio Implication
Related Links
TQQQ ETF FAQ
Is TQQQ 3x QQQ?
Only for a single day. TQQQ targets three times the Nasdaq-100's daily return and resets that leverage every day, so over longer periods its return can differ widely from three times QQQ's.
Why isn't TQQQ's long-term return exactly 3x QQQ?
Daily resets compound: after a loss the fund has less capital to recover with, and alternating up and down days erode value even when the index ends flat. TQQQ's annualized volatility of 59.75% magnifies that effect.
What is TQQQ's expense ratio?
TQQQ's expense ratio is 0.94% a year, well above an unleveraged Nasdaq-100 fund.