{
 "ticker": "TQQQ",
 "name": "ProShares UltraPro QQQ",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/TQQQ",
 "html": "https://etfiq.com/funds/TQQQ",
 "markdown": "https://etfiq.com/funds/TQQQ.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: TQQQ returned \u22128.2% where its own daily promise gave \u22125.9%, 2.4 points short.",
 "key_facts": [
  {
   "key": "what_qqq_did",
   "label": "What QQQ did",
   "value": "\u22120.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TQQQ, what QQQ did: \u22120.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What +3 times a day gives",
   "value": "\u22125.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TQQQ, what +3 times a day gives: \u22125.9%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22128.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TQQQ, what the fund returned: \u22128.2%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.4 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TQQQ, the fund itself cost: \u22122.4 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$35.6bn",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "TQQQ, net assets: $35.6bn (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.82%",
   "source": "485BPOS XBRL, Sep 23, 2025",
   "as_of": "2026-09-11",
   "sentence": "TQQQ, expense ratio: 0.82% (485BPOS XBRL, Sep 23, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of QQQ, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "QQQ moved \u22120.8% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "QQQ",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "broad index, us large cap",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$35.6bn",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.82%",
   "source": "485BPOS XBRL, Sep 23, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 11, 2010",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "22% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22124.8%",
   "QQQ": "\u22121.2%",
   "+3x the move": "\u22123.7%",
   "Difference": "\u22121.2 pts",
   "QQQ moved about": "13%"
  },
  {
   "window": "3 months",
   "Fund": "\u22128.2%",
   "QQQ": "\u22120.8%",
   "+3x the move": "\u22122.4%",
   "Difference": "\u22125.8 pts",
   "QQQ moved about": "22%"
  },
  {
   "window": "6 months",
   "Fund": "+55.1%",
   "QQQ": "+20.7%",
   "+3x the move": "+62.1%",
   "Difference": "\u22126.9 pts",
   "QQQ moved about": "22%"
  },
  {
   "window": "1 year",
   "Fund": "+49.5%",
   "QQQ": "+23.0%",
   "+3x the move": "+68.9%",
   "Difference": "\u221219.4 pts",
   "QQQ moved about": "20%"
  },
  {
   "window": "3 years",
   "Fund": "+262.4%",
   "QQQ": "+95.1%",
   "+3x the move": "+285.3%",
   "Difference": "\u221222.9 pts",
   "QQQ moved about": "20%"
  },
  {
   "window": "Since launch",
   "Fund": "+34453.8%",
   "QQQ": "+1785.6%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "QQQ moved about": "21%"
  }
 ],
 "questions": [
  {
   "q": "Did TQQQ return +3 times QQQ?",
   "a": "Over the window to Sep 11, 2026, QQQ moved \u22120.8% and TQQQ returned \u22128.2%. 3 times that move is \u22122.4%, so the fund came out 5.8 points short of it."
  },
  {
   "q": "Why does TQQQ not return +3 times over a year?",
   "a": "Because it resets daily. TQQQ aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}