QQQ vs TQQQ
Invesco QQQ Trust, Series 1 vs ProShares UltraPro QQQ
Which is better, QQQ or TQQQ?
Large Cap Growth against Multi Alternative.
QQQ has a lower expense ratio. TQQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | QQQ | TQQQ |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.78% |
| AUM | $506.1B | $38.3B |
| Dividend Yield | 0.42% | 0.62% |
| Holdings | 321 | 128 |
| YTD Return | +19.30% | +42.42%Best |
| 1Y Return | +22.47% | +47.68%Best |
| 3Y Return (annualized) | +26.18% | +58.33%Best |
| 5Y Return (annualized) | +15.42% | +18.53%Best |
| Volatility (annualized) | 17.6%Best | 55.0% |
| Max Drawdown | -35.1%Best | -81.7% |
| $10,000 over 5 years | $20,484 | $23,396Best |
| Fund Family | Invesco (US) | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Growth | Multi Alternative |
| Inception | Mar 10, 1999 | 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).
QQQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QQQ vs TQQQ Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and ProShares UltraPro QQQ (TQQQ) is an ETF from ProShares. Over the past year QQQ returned +22.47% while TQQQ returned +47.68%. Year to date, QQQ is up 19.30% versus a gain of 42.42% for TQQQ.
Over three years, QQQ compounded at +26.18% per year against +58.33% for TQQQ; over five years the annualized figures are +15.42% and +18.53% respectively. Across the full 17-year window we track, TQQQ has the edge at +42.37% annualized vs +18.63%.
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 17.6% for QQQ. 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 -35.1% for QQQ 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while TQQQ charges 0.78%. On a $10,000 position that is $18 vs $78 annually, a gap of $60 per year that compounds over a long holding period. On income, QQQ currently yields 0.42% against 0.62% for TQQQ.
Holdings Overlap
At least 95.9% of QQQ's money is in holdings TQQQ also owns.
Stated as a floor: for TQQQ, our book for it covers 50.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of QQQ is already inside TQQQ. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 101 positions we hold weights for in QQQ and 102 in TQQQ, against full books of 321 and 128.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TQQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.33% | 2.74% | 5.59% |
| AAPLApple, Inc | 7.35% | 2.37% | 4.98% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.76% | 1.87% | 3.89% |
| MUMicron Technology, Inc. | 5.02% | 1.63% | 3.39% |
| AMDAdvanced Micro Devices Inc. | 4.17% | 1.39% | 2.78% |
| AMZNAmazon.Com Inc | 4.07% | 1.32% | 2.75% |
| METAMeta Platform Inc | 3.26% | 1.05% | 2.21% |
| GOOGLAlphabet Inc-cl A | 3.05% | 0.98% | 2.07% |
| TSLATesla Motors Inc | 2.82% | 0.95% | 1.87% |
| GOOGAlphabet, Inc.- Cl C | 2.85% | 0.91% | 1.94% |
95.9% of QQQ is already inside TQQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QQQ or TQQQ?
QQQ has an expense ratio of 0.18% while TQQQ charges 0.78%. QQQ is the cheaper option, by $60 a year on a $10,000 investment.
Which performed better, QQQ or TQQQ?
Over the past year QQQ returned +22.47% vs +47.68% for TQQQ, so TQQQ leads on 1-year performance. Over the longest common window we track (17 years), QQQ annualized +18.63% vs +42.37% for TQQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TQQQ?
TQQQ has been the more volatile fund at 55.0% annualized versus 17.6% for QQQ. Worst drawdown: QQQ -35.1% vs TQQQ -81.7%.
Should I hold both QQQ and TQQQ?
QQQ and TQQQ have a monthly-return correlation of 0.99, 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.
What is the holdings overlap between QQQ and TQQQ?
At least 95.9% of QQQ's money is in holdings TQQQ also owns. Our book for TQQQ is partial, so the real figure is this or higher. They hold 98 positions in common, counted across the 101 positions we hold weights for in QQQ and 102 in TQQQ.
Which pays a higher dividend, QQQ or TQQQ?
QQQ yields 0.42% while TQQQ yields 0.62%, so TQQQ currently pays the higher dividend yield.
Is TQQQ better than QQQ?
QQQ has a lower expense ratio. TQQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.