TQQQ drawdown: 26.6% below the all-time high
ProShares UltraPro QQQ (TQQQ) is 26.6% below its all-time high, set Jun 2, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (2010).
- Below all-time high
- −26.6%
- 73.4% of ATH
- All-time high
- $87.22
- Jun 2, 2026
- Time below the high
- 52 days
- since Jun 2, 2026
- Worst-ever drawdown
- −81.8%
- Dec 28, 2022
- Longest underwater
- 3.1 yrs
- between all-time highs
- Today's level first reached
- May 1, 2026
- 3 mo ago
- Last time this deep
- Apr 7, 2026
- in a previous episode
% of all-time high since 2010#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of TQQQ, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Nov 19, 2021 | Dec 28, 2022 | −81.8% | 13 mo | Dec 11, 2024 | 3.1 yrs |
| Feb 19, 2020 | Mar 20, 2020 | −69.9% | 30 days | Jul 10, 2020 | 5 mo |
| Dec 16, 2024 | Apr 8, 2025 | −58.3% | 4 mo | Aug 12, 2025 | 8 mo |
| Aug 29, 2018 | Dec 24, 2018 | −58.1% | 4 mo | Nov 5, 2019 | 14 mo |
| Jul 20, 2015 | Feb 9, 2016 | −44.5% | 7 mo | Sep 22, 2016 | 14 mo |
| Jul 22, 2011 | Aug 19, 2011 | −43.9% | 28 days | Feb 8, 2012 | 7 mo |
| Apr 23, 2010 | Jul 2, 2010 | −43.1% | 2 mo | Oct 25, 2010 | 6 mo |
| Oct 29, 2025 | Mar 30, 2026 | −37.2% | 5 mo | Apr 24, 2026 | 6 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2010: how far TQQQ stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: TQQQ is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is TQQQ from its all-time high?
- TQQQ is currently 26.6% below its all-time high, set Jun 2, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest TQQQ drawdown ever?
- The deepest decline on record in our data (since 2010) took the stock 81.8% below its prior high, bottoming Dec 28, 2022. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2010 (split-adjusted). "All-time" means since our price data begins — TQQQ may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.