ProShares UltraPro QQQ drawdown: 18.6% below the all-time high
ProShares UltraPro QQQ is 18.6% below its all-time high, set Jun 2, 2026 (as of market close, Sep 11, 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.
- Below all-time high
- −18.6%
- 81.4% of ATH
- All-time high
- $87.22
- Jun 2, 2026
- Time below the high
- 3 mo
- 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 6, 2026
- 4 mo ago
- Last time this deep
- Apr 9, 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. Basis and range are in the URL, so a particular view is a link.
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 ProShares UltraPro QQQ 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: a single asset's history is one surviving sample, 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 ProShares UltraPro QQQ from its all-time high?
- ProShares UltraPro QQQ is currently 18.6% below its all-time high, set Jun 2, 2026 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ProShares UltraPro QQQ drawdown ever?
- The deepest decline on record in our data (since 2010) took ProShares UltraPro QQQ 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 data since -1 from TQQQ; no free deep history exists for ProShares UltraPro QQQ — for a 150-year 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. Past performance does not predict future returns; not investment advice.