ProShares Ultra QQQ Top 30 (QQXL) Performance
QQXL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +21.1% since Dec 31, 2025
- 1 year
- +20.8% total return
- Since first price
- +31.6% since 2025
QQXL trailing returns vs SPY, QQQ, AGG
| Period | QQXL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −12.9% | −12.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.1% | −0.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.2% | +8.7% | +7.8% | +8.4% | −1.5% |
| YTD | +21.1% | +19.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.8% | +19.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionAug 15, 2025 | +31.6% | +30.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QQXL vs SPY
From Aug 15, 2025: QQXL grew to $13,159, SPY to $11,972.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QQXL returns by calendar year
2026 is year to date.
QQXL annual returns table
| Year | QQXL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +21.1% | −25.9% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QQXL largest drawdowns
Now 17.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 29, 2025 | −27.3% | Mar 30, 2026 | Apr 17, 2026 | 5 months | 6 months |
| Jun 2, 2026 | −25.9% | Jul 29, 2026 | Oct 5, 2026 | 57 days | 4 months |
| Oct 6, 2026 | −17.7% | Oct 22, 2026 | not yet | 16 days | 17 days so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QQXL risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +51.5% |
| Volatility (annualized) | 48.7% |
| Sharpe ratio | 1.00 |
| Sortino ratio | 2.43 |
| Best month | +37.0% |
| Worst month | −14.8% |
| Best 12 months | +43.1% |
| Worst 12 months | +42.4% |
| Positive months | 54% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QQXL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 3 | +12.8% | +42.4% | +43.1% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
QQXL performance overview
ProShares Ultra QQQ Top 30 (QQXL) returned +20.8% over the past year, with distributions reinvested. Since its first recorded price on Aug 15, 2025 it has returned +31.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −27.3%, from Oct 29, 2025 to Mar 30, 2026, and it took 18 days to get back to the old high. Volatility has been 48.7% a year.
Related: QQXL chart, QQXL dividends. See the QQXL overview for the latest quote and fund facts.
QQXL performance FAQ
What is the QQXL return over the past year?
QQXL returned +20.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 19.4%.
How much would $10,000 invested in QQXL be worth?
$10,000 invested in QQXL at its first recorded close on August 15, 2025 would be worth about $13,159 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of QQXL?
The largest peak-to-trough decline was −27.3% between October 29, 2025 and March 30, 2026. It recovered to the old high on April 17, 2026, 18 days after the bottom.
How volatile is QQXL?
Over the past history QQXL had an annualized volatility of 48.7% and a Sharpe ratio of 1.00 (excess return over 1–3 month T-bills per unit of risk).