ProShares UltraPro QQQ

Frequently Asked Questions About TQQQ

What does TQQQ invest in?

TQQQ is a levered fund that delivers 3x exposure only over a one-day holding period of NASDAQ-100 stocks. The underlying index includes 100 of the largest non-financial companies listed on NASDAQ based on market capitalization. Historically, technology companies have dominated TQQQs underlying index, so, its future performance might be closely tied to the performance of the tech industry. The fund uses a mathematical approach to determine the type, quantity and mix of investment positions that it believes will produce daily returns consistent with its investment objective. Like many levered products, the fund is not a buy-and-hold ETF as it's a very short-term tactical instrument.

What is the expense ratio of TQQQ?

ProShares UltraPro QQQ (TQQQ) charges an expense ratio of 0.97%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TQQQ?

ProShares UltraPro QQQ (TQQQ) manages $34.75B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TQQQ actively managed or an index fund?

TQQQ is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (TQQQ's is 0.97%) because there's no security selection cost.

When was TQQQ launched?

ProShares UltraPro QQQ (TQQQ) launched in February 2010 and is managed by ProShares.

How has TQQQ performed?

TQQQ's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.