# TQQQ (ProShares UltraPro QQQ)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: TQQQ returned −8.2% where its own daily promise gave −5.9%, 2.4 points short.

## Key facts

- TQQQ, what QQQ did: −0.8%, as of Sep 11, 2026.
- TQQQ, what +3 times a day gives: −5.9%, as of Sep 11, 2026.
- TQQQ, what the fund returned: −8.2%, as of Sep 11, 2026.
- TQQQ, the fund itself cost: −2.4 pts, as of Sep 11, 2026.
- TQQQ, net assets: $35.6bn (issuer page, as of Sep 11, 2026).
- TQQQ, expense ratio: 0.82% (485BPOS XBRL, Sep 23, 2025).

## TQQQ over each window to Sep 11, 2026

| Window | Fund | QQQ | +3x the move | Difference | QQQ moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −4.8% | −1.2% | −3.7% | −1.2 pts | 13% |
| 3 months | −8.2% | −0.8% | −2.4% | −5.8 pts | 22% |
| 6 months | +55.1% | +20.7% | +62.1% | −6.9 pts | 22% |
| 1 year | +49.5% | +23.0% | +68.9% | −19.4 pts | 20% |
| 3 years | +262.4% | +95.1% | +285.3% | −22.9 pts | 20% |
| Since launch | +34453.8% | +1785.6% | not meaningful over this window | not meaningful over this window | 21% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of QQQ, reset daily | ETFIQ |
| Multiple a holder actually got over the window | QQQ moved −0.8% over this window, too little to read a multiple from | ETFIQ |
| Underlying | QQQ | ETFIQ |
| Segment | broad index, us large cap | ETFIQ |
| Net assets | $35.6bn | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.82% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Feb 11, 2010 | ETFIQ |
| Underlying volatility over the window | 22% annualized | ETFIQ |

## Questions

### Did TQQQ return +3 times QQQ?

Over the window to Sep 11, 2026, QQQ moved −0.8% and TQQQ returned −8.2%. 3 times that move is −2.4%, so the fund came out 5.8 points short of it.

### Why does TQQQ not return +3 times over a year?

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.


## Cite this page

ETFIQ, TQQQ, data as of Sep 11, 2026. https://etfiq.com/funds/TQQQ
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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