# TQQQ (ProShares UltraPro QQQ)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: TQQQ returned +0.9% where its own daily promise gave +3.6%, 2.7 points short.

## Key facts

- TQQQ, what QQQ did: +2.1%, as of Sep 30, 2026.
- TQQQ, what 3 times a day gives: +3.6%, as of Sep 30, 2026.
- TQQQ, what the fund returned: +0.9%, as of Sep 30, 2026.
- TQQQ, the fund itself cost: −2.7 pts, as of Sep 30, 2026.
- TQQQ, net assets: $37.9bn (issuer page, as of Sep 30, 2026).
- TQQQ, expense ratio: 0.78% (485BPOS XBRL, Sep 25, 2026).

## TQQQ over each window to Sep 30, 2026

| Window | Fund | QQQ | +3x the move | Difference | QQQ moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +8.7% | +3.3% | +9.9% | −1.2 pts | 16% |
| 3 months | +0.9% | +2.1% | +6.4% | −5.4 pts | 19% |
| 6 months | +81.3% | +26.9% | +80.6% | +0.7 pts | 22% |
| 1 year | +52.1% | +23.8% | +71.4% | −19.3 pts | 20% |
| 3 years | +352.7% | +110.0% | not meaningful over this window | not meaningful over this window | 20% |
| Since launch | +37961.2% | +1853.3% | 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 +2.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | QQQ | ETFIQ |
| Segment | broad index, US large cap | ETFIQ |
| Net assets | $37.9bn | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.78% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Feb 11, 2010 | ETFIQ |
| Underlying volatility over the window | 19% annualized | ETFIQ |

## Questions

### Did TQQQ return +3 times QQQ?

Over the window to Sep 30, 2026, QQQ moved +2.1% and TQQQ returned +0.9%. 3 times that move is +6.4%, so the fund came out 5.4 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 30, 2026. https://etfiq.com/funds/tqqq
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/tqqq  ·  JSON: https://etfiq.com/funds/tqqq.json