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QQQ vs TQQQ: Performance & Backtest Comparison

TQQQ delivered the higher return - 29.97% CAGR vs 19.06% - over 2010-03-31 → 2026-07-31.

Growth comparison

Drawdown

Annual returns

QQQTQQQ
NameInvesco QQQ Trust, Series 1ProShares UltraPro QQQ
CAGR19.06%29.97%
Total return1653.17%7294.33%
Volatility17.64%58.27%
Max drawdown-32.70%Dec 2022-79.08%Dec 2022
Sharpe1.000.73
Sortino1.701.14
Best year54.85%198.27%
Worst year-32.70%-79.08%
Final balance$175,317$739,433

Correlation of monthly returns: 0.95. Wondering if you need both? Check their fund overlap →

All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.

Which has performed better, QQQ or TQQQ?

Over 2010-03-31 to 2026-07-31, TQQQ performed better: 29.97% annualized versus 19.06% for QQQ, with dividends reinvested. Past performance does not guarantee future results.

How similar are QQQ and TQQQ?

Their monthly returns have a correlation of 0.95 over the common period. QQQ is Invesco QQQ Trust, Series 1; TQQQ is ProShares UltraPro QQQ.

Which is riskier, QQQ or TQQQ?

Over the common period QQQ had 17.64% annualized volatility and a -32.70% max drawdown, versus 58.27% and -79.08% for TQQQ.