QLD vs TQQQ
ProShares Ultra QQQ vs ProShares UltraPro QQQ
Which is better, QLD or TQQQ?
Nearly the same fund. TQQQ costs less.
TQQQ has a lower expense ratio. QLD led over 5Y, TQQQ over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 1.00.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QLD | TQQQ |
|---|---|---|
| Expense Ratio | 0.89% | 0.78%Best |
| AUM | $15.2B | $38.3B |
| Dividend Yield | 0.13% | 0.62% |
| Holdings | 127 | 128 |
| YTD Return | +32.18% | +42.42%Best |
| 1Y Return | +36.70% | +47.68%Best |
| 3Y Return (annualized) | +43.74% | +58.33%Best |
| 5Y Return (annualized) | +19.62%Best | +18.53% |
| Volatility (annualized) | 35.9%Best | 55.0% |
| Max Drawdown | -63.7%Best | -81.7% |
| $10,000 over 5 years | $24,492Best | $23,396 |
| Fund Family | ProShares | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 19, 2006 | Feb 9, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 11, 2010 to Oct 14, 2026 (16.7 years).
QLD vs TQQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.7 years both funds cover.
QLD vs TQQQ Performance
ProShares Ultra QQQ (QLD) is an ETF from ProShares and ProShares UltraPro QQQ (TQQQ) is an ETF from ProShares. Over the past year QLD returned +36.70% while TQQQ returned +47.68%. Year to date, QLD is up 32.18% versus a gain of 42.42% for TQQQ.
Over three years, QLD compounded at +43.74% per year against +58.33% for TQQQ; over five years the annualized figures are +19.62% and +18.53% respectively. Across the full 17-year window we track, TQQQ has the edge at +42.37% annualized vs +32.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TQQQ has been the more volatile fund, with annualized monthly volatility of 55.0% compared with 35.9% for QLD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -63.7% for QLD and -81.7% for TQQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QLD charges 0.89% per year while TQQQ charges 0.78%. On a $10,000 position that is $89 vs $78 annually, a gap of $11 per year that compounds over a long holding period. On income, QLD currently yields 0.13% against 0.62% for TQQQ.
Holdings Overlap
We hold position weights for 102 holdings in QLD and 102 in TQQQ, totalling 75.1% and 50.4% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 99 positions appear in both.
99 positions in common, counted across the 102 positions we hold weights for in QLD and 102 in TQQQ, against full books of 127 and 128.
Top Shared Holdings
| Stock | Weight in QLD | Weight in TQQQ | Difference |
|---|---|---|---|
| IQMMProshares Genius Mny Mkt Etf | 9.34% | 17.96% | 8.62% |
| NVDANvidia Corp. | 5.56% | 2.74% | 2.82% |
| AAPLApple, Inc | 4.80% | 2.37% | 2.43% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 3.79% | 1.87% | 1.92% |
| MUMicron Technology, Inc. | 3.30% | 1.63% | 1.67% |
| AMDAdvanced Micro Devices Inc. | 2.82% | 1.39% | 1.43% |
| AMZNAmazon.Com Inc | 2.67% | 1.32% | 1.35% |
| METAMeta Platform Inc | 2.13% | 1.05% | 1.08% |
| GOOGLAlphabet Inc-cl A | 1.99% | 0.98% | 1.01% |
| TSLATesla Motors Inc | 1.92% | 0.95% | 0.97% |
You are not choosing between two funds in isolation.
Whichever of QLD and TQQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QLD or TQQQ?
QLD has an expense ratio of 0.89% while TQQQ charges 0.78%. TQQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, QLD or TQQQ?
Over the past year QLD returned +36.70% vs +47.68% for TQQQ, so TQQQ leads on 1-year performance. Over the longest common window we track (17 years), QLD annualized +32.66% vs +42.37% for TQQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QLD or TQQQ?
TQQQ has been the more volatile fund at 55.0% annualized versus 35.9% for QLD. Worst drawdown: QLD -63.7% vs TQQQ -81.7%.
Should I hold both QLD and TQQQ?
QLD and TQQQ have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, QLD or TQQQ?
QLD yields 0.13% while TQQQ yields 0.62%, so TQQQ currently pays the higher dividend yield.
Is TQQQ better than QLD?
TQQQ has a lower expense ratio. QLD led over 5Y, TQQQ over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.