ProShares UltraPro QQQ (TQQQ) Performance
TQQQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +26.5% since Dec 31, 2025
- 1 year
- +24.6% total return
- 5 years
- +14.6% a year
- 10 years
- +38.8% a year
- Since first price
- +41.4% a year since 2010
TQQQ trailing returns vs SPY, QQQ, AGG
| Period | TQQQ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −15.7% | −15.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.2% | −0.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +12.4% | +11.9% | +7.8% | +8.4% | −1.5% |
| YTD | +26.5% | +25.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +24.6% | +23.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +298.2%+58.5%/yr | +285.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +97.3%+14.6%/yr | +87.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +2,550.2%+38.8%/yr | +2,415.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +17,619.9%+41.2%/yr | +16,711.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 11, 2010 | +32,205.1%+41.4%/yr | +30,550.3% | — | — | — |
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: TQQQ vs SPY
From Feb 11, 2010: TQQQ grew to $3.2M, SPY to $94,410.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TQQQ returns by calendar year
12 of 15 full years positive. Best 2023 (+198.0%), worst 2022 (−79.1%). 2026 is year to date.
TQQQ annual returns table
| Year | TQQQ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +26.5% | −33.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +34.4% | −56.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +58.3% | −37.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +198.0% | −33.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −79.1% | −81.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +83.0% | −30.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +110.1% | −69.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +133.8% | −30.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −19.8% | −58.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +118.1% | −14.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +11.4% | −34.1% | +12.0% | +7.1% | +2.4% |
| 2015 | +17.2% | −37.2% | +1.2% | +9.4% | +0.5% |
| 2014 | +57.1% | −23.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +139.7% | −17.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +52.3% | −31.9% | +16.0% | +18.1% | +3.8% |
| 2011 | −8.0% | −43.9% | +1.9% | +3.4% | +7.7% |
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.
TQQQ largest drawdowns
Now 23.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 19, 2021 | −81.7% | Dec 28, 2022 | Dec 4, 2024 | 1.1 years | 3.0 years |
| Feb 19, 2020 | −69.9% | Mar 20, 2020 | Jul 10, 2020 | 30 days | 5 months |
| Aug 29, 2018 | −58.1% | Dec 24, 2018 | Nov 4, 2019 | 4 months | 1.2 years |
| Dec 16, 2024 | −58.0% | Apr 8, 2025 | Aug 12, 2025 | 4 months | 8 months |
| Jul 20, 2015 | −44.5% | Feb 9, 2016 | Sep 22, 2016 | 7 months | 1.2 years |
| Jul 22, 2011 | −43.9% | Aug 19, 2011 | Feb 8, 2012 | 28 days | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TQQQ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +65.4% | +21.4% | +40.8% | +42.5% |
| Volatility (annualized) | 55.4% | 63.8% | 59.4% | 55.1% |
| Sharpe ratio | 1.09 | 0.56 | 0.84 | 0.90 |
| Sortino ratio | 2.43 | 0.94 | 1.43 | 1.57 |
| Best month | +52.4% | +52.4% | +52.4% | +52.4% |
| Worst month | −23.3% | −37.2% | −38.1% | −38.1% |
| Best 12 months | +143.3% | +198.0% | +283.1% | +283.1% |
| Worst 12 months | −5.7% | −79.1% | −79.1% | −79.1% |
| Positive months | 61% | 57% | 62% | 61% |
| Beta vs S&P 500 | 4.07 | 3.70 | 3.54 | — |
| Correlation with S&P 500 | 0.91 | 0.91 | 0.91 | — |
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.
TQQQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 189 | −79.1% | +55.9% | +283.1% | 85% |
| 3-year (a year) | 165 | −7.0% | +45.1% | +107.9% | 97% |
| 5-year (a year) | 141 | +8.6% | +37.8% | +73.8% | 100% |
| 10-year (a year) | 81 | +28.9% | +38.7% | +61.1% | 100% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
TQQQ performance overview
ProShares UltraPro QQQ (TQQQ) returned +24.6% over the past year and +38.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +41.4% a year, turning $10,000 into about $3.2M. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −81.7%, from Nov 19, 2021 to Dec 28, 2022, and it took 1.9 years to get back to the old high. TQQQ finished 12 of its 15 full calendar years with a gain; the best year was 2023 (+198.0%) and the worst 2022 (−79.1%). Volatility has been 55.1% a year.
Related: TQQQ chart, TQQQ dividends. See the TQQQ overview for the latest quote and fund facts.
TQQQ performance FAQ
What is the TQQQ return over the past year?
TQQQ returned +24.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 23.7%.
What is the average annual return of TQQQ?
TQQQ has returned +14.6% a year over 5 years, +38.8% a year over 10 years, +41.4% a year since February 11, 2010 (total return, distributions reinvested).
How much would $10,000 invested in TQQQ be worth?
$10,000 invested in TQQQ at its first recorded close on February 11, 2010 would be worth about $3.2M on October 23, 2026 with distributions reinvested.
What was the worst year for TQQQ?
The worst calendar year was 2022, with a total return of −79.1%. The best was 2023 at +198.0%.
What is the biggest drawdown of TQQQ?
The largest peak-to-trough decline was −81.7% between November 19, 2021 and December 28, 2022. It recovered to the old high on December 4, 2024, 1.9 years after the bottom.
How volatile is TQQQ?
Over the past 3 years TQQQ had an annualized volatility of 55.4% and a Sharpe ratio of 1.09 (excess return over 1–3 month T-bills per unit of risk).