Data as of Oct 28, 2026.
TQQQ vs VOO: Differences, Returns & Fees
Over the year to Oct 28, 2026, TQQQ returned +22.4% to VOO's +13.7%, and VOO charges 0.03% to TQQQ's 0.78%.
askIQ about this page
askIQ about TQQQ and VOO
Net assets: $37.3bn on Oct 28, 2026 for ProShares UltraPro QQQ, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.
Pair scorecard
VOO costs 0.75 points a year less; their one-year returns differ by 8.7 points; VOO is far larger, $1.0tn against $37.9bn.
| Measure | TQQQ | VOO |
|---|---|---|
| Return | ||
| Total return, 1 year | +22.4% | +13.7% |
| What its daily multiple gave, 3 months | 28.9% | |
| What the underlying did, 3 months | QQQ 9.8% | |
| What the underlying did, 3 months | QQQ 9.8% | |
| The multiple over the whole window | 3 times gives +29.4% | |
| Against its benchmark | ||
| What it tracks | Nasdaq-100 | S&P 500 Index |
| Against its daily multiple, 3 months | 3.4 points short | |
| Against the whole-window multiple | 3.9 points short | |
| Cost and size | ||
| Expense ratio | 0.78% | 0.03% |
| Net assets, as of Sep 30, 2026 | $37.9bn | $1.0tn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 39.1% | |
Risk and return
Sep 17, 2010 to Oct 23, 2026 · 840 weekly returnsEach against its own benchmark: TQQQ against QQQ, Feb 19, 2010 to Oct 23, 2026; VOO against IVV, Sep 17, 2010 to Oct 23, 2026.
TQQQ returned more: +26,099.0% to +804.0%. VOO swung less: 15.9% to 57.2%. VOO fell less at its worst: −31.8% to −80.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | TQQQ | VOO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +26,099.0% | +804.0% | TQQQ | Price change plus distributions, reinvested. |
| Annualized | +41.2% | +14.6% | TQQQ | Total return as a yearly rate. |
| Price return | +24,734.5% | +575.9% | TQQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 57.2% | 15.9% | VOO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 37.6% | 10.9% | VOO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −80.4% | −31.8% | VOO | Deepest fall from a high to the low after it. |
| Upside capture | Not measured | 99.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 147.6% | 99.9% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 3.00 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.87 | 0.84 | TQQQ (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.32 | 1.22 | TQQQ (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.164 | 0.134 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.51 | 0.46 | TQQQ | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | QQQ | IVV | The ETF each fund is measured against. | |
| Alpha | −3.5% a year | 0.0% a year | VOO not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −4.48 | 0.51 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −5.1% to −2.0% | −0.1% to +0.2% | VOO includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.83 | 0.02 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 38.4% | 0.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
TQQQ and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
TQQQ and VOO do different jobs. What does each one do in a portfolio?
- What each follows. TQQQ follows Nasdaq-100 and VOO follows S&P 500 Index.
- One-year total return. Over 1 year to Oct 28, 2026 TQQQ returned +22.4% and VOO +13.7% with distributions reinvested, a gap of 8.7 points.
- Cost. TQQQ charges 0.78% of assets a year and VOO 0.03%, a gap of 0.75 points.
Data as of Oct 28, 2026.
Free. It needs an email sign-in, once.
Over the three months to Oct 28, 2026, TQQQ returned 25.5%, against 28.9% for three times QQQ's daily moves. Of that 3.9, daily compounding is −0.5 points, which any 3 times fund would show over the same path, and the fund itself is −3.4 points against 3 times each day's move, compounded. QQQ moved at 18% annualized over that window.
Read the multiple against the whole window instead and 3 times QQQ's 9.8% implies +29.4%, which makes TQQQ look 3.9 points short. That is not the fund's objective, which is daily. TQQQ aims to return +3 times QQQ's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +3 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. The more it moves, the further the two numbers separate.
VOO
VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.
Questions people ask
- Are TQQQ and VOO in the same category?
- TQQQ is a leveraged ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, TQQQ or VOO?
- In the year to Oct 28, 2026, with distributions reinvested, TQQQ returned +22.4% and VOO +13.7%.
- Which is cheaper, TQQQ or VOO?
- VOO is cheaper, by 0.75 percentage points a year. That is about $75 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
Cite this pageCitation, APA and Markdown
ETFIQ, TQQQ against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/tqqq-vs-voo
ETFIQ. (Oct 28, 2026). TQQQ against VOO. Retrieved from https://etfiq.com/compare/any/tqqq-vs-voo
[TQQQ against VOO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/tqqq-vs-voo)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.