QQQ vs TQQQ (2026)
Invesco QQQ Trust and ProShares UltraPro QQQ side by side. QQQ is the cheaper fund (0.18% vs 0.82% expense ratio). Over the last five years TQQQ returned more (+144.59% vs +104.01%, total return). TQQQ holds most of its exposure through derivatives rather than the securities it files, so a portfolio-overlap figure would be misleading here. Not investment advice.
Fund facts#
| QQQ | TQQQ | |
|---|---|---|
| Focus | Nasdaq 100 | Nasdaq 100 |
| Expense ratio | 0.18% | 0.82% |
| AUM | $261.1B | — |
| Distribution yield | 0.42% | 0.56% |
| Holdings | 100 | 101 |
| 1 month return | +1.9% | +3.2% |
| YTD return | +19.2% | +45.9% |
| 1 year return | +26.5% | +63.2% |
| 3 years return | +102.8% | +316.5% |
| 5 years return | +104.0% | +144.6% |
| 10 years return | +568.6% | +3158.0% |
| 3Y CAGR | +26.6%/yr | +61.0%/yr |
| 5Y CAGR | +15.3%/yr | +19.6%/yr |
| 10Y CAGR | +20.9%/yr | +41.7%/yr |
| Issuer | Invesco | ProShares |
| Inception | 1999-03-10 | 2010-02-09 |
All returns are total returns (dividends reinvested), from daily adjusted closes. CAGR = compound annual growth rate. '—' means the fund's history doesn't span the horizon.
Annualized returns (CAGR)#
Compound annual growth rate per holding period, total return, from weekly adjusted closes. Horizons a fund's history can't span show no bar; horizons no fund spans are omitted.
Performance, rebased#
Returns by year#
| Year | QQQ | TQQQ |
|---|---|---|
| 2017 | +32.7% | +118.1% |
| 2018 | -0.1% | -19.7% |
| 2019 | +39.0% | +134.0% |
| 2020 | +48.6% | +110.1% |
| 2021 | +27.4% | +83.0% |
| 2022 | -32.6% | -79.0% |
| 2023 | +54.9% | +203.0% |
| 2024 | +25.6% | +60.5% |
| 2025 | +20.8% | +35.2% |
| 2026 YTD | +19.2% | +45.9% |
Total returns (dividends reinvested), calendar years.
Returns by year, charted#
Holdings overlap#
No overlap figure for this pair. TQQQ files only 31% of net assets as securities — it gets the rest of its exposure through swaps and other derivatives, which N-PORT reports separately from the holdings below. Comparing the filed baskets as if they were whole portfolios would overstate how alike the funds are.
Top 10 holdings, side by side#
Merged top 10 across the funds — each column is the holding's % of that fund. For TQQQ, that means % of the securities filed, not of net assets.
Sector weights#
| Sector | QQQ | TQQQ |
|---|---|---|
| Technology | 59.2% | 57.7% |
| Consumer Discretionary | 12.4% | 11.9% |
| Communication Services | 12.0% | 11.7% |
| Consumer Staples | 6.4% | 6.1% |
| Healthcare | 4.1% | 3.9% |
| Industrials | 2.9% | 2.7% |
| Utilities | 1.2% | 1.1% |
| Materials | 1.0% | 1.0% |
| Financials | 0.3% | 0.2% |
| Energy | 0.3% | 0.2% |
| Not on ChartRow | 0.3% | 3.3% |
Sector weights, charted#
TQQQ sector weights are shares of the securities filed, not of net assets — the fund's derivative exposure carries no sector label of its own.
Estimated portfolio characteristics#
| QQQ | TQQQ | |
|---|---|---|
| P/E (trailing) | 31.0 | 31.2 |
| P/E (forward) | 20.5 | 19.9 |
| P/B | 8.6 | 8.7 |
| Dividend yield | 0.62% | 0.62% |
| Earnings growth (TTM) | +48.8% | +49.8% |
Estimated by our own bottom-up analysis of each fund's SEC-filed holdings; recomputed daily from public data.
Fund flows#
| Month | QQQ | TQQQ |
|---|---|---|
| May 2026 | — | −$1.6B |
| Apr 2026 | — | −$5.2B |
| Mar 2026 | −$4.5B | +$1.4B |
| Feb 2026 | −$7.5B | +$693.2M |
| Jan 2026 | −$730.7M | −$1.3B |
| Dec 2025 | +$8B | −$391.8M |
Net creations minus redemptions per calendar month, from each fund's SEC Form N-PORT. Figures are series-level: where a fund shares its portfolio with mutual-fund share classes (Vanguard funds do), flows cover all share classes combined. Quarterly filings publish with a ~60-day lag, so recent months appear as filings land.
Fund flows, charted#
Longer ranges aggregate to quarters/years. Flow data begins mid-2019 — Form N-PORT did not exist before then, for any fund.
Growth from any starting date#
Hover to move the starting point — every fund rebases to 1× at that date, so the comparison holds from any entry point back to 2010 (the earliest date all 2 funds existed). Log scale, weekly total returns.
Hover anywhere to rebase every line to 1× at that date and compare growth from that point. Log scale.
Methodology#
Returns are total returns (dividends reinvested) from daily adjusted closes. Holdings, overlap, sector weights and flows derive from each fund's public SEC filings (Form N-PORT), anchored on the latest filing and rolled forward daily by price moves. Overlap is the sum of the smaller weight across shared holdings. See each fund's full holdings: QQQ holdings · TQQQ holdings. Past performance does not predict future returns; not investment advice.
FAQ#
- QQQ or TQQQ — which is better?
- QQQ is the cheaper fund (0.18% vs 0.82% expense ratio). Over the last five years TQQQ returned more (+144.59% vs +104.01%, total return). TQQQ holds most of its exposure through derivatives rather than the securities it files, so a portfolio-overlap figure would be misleading here. The Nasdaq-100 vs its 3x daily version — where leverage compounds, and where it decays.
- Is ChartRow affiliated with any of these funds?
- No. ChartRow is independent and not affiliated with, sponsored by, or endorsed by Invesco, ProShares. Comparisons are derived independently from public SEC filings and market data; not investment advice.