TQQQ vs
Backtest TQQQ vs UPROFeb 11, 2010 – Oct 2, 2026, TQQQ sets the start date
Growth of $10,000
Loading the growth chart…
Key metrics
| Return | TQQQ | UPRO |
|---|---|---|
| Final balance | $3,948,141 | $854,409 |
| Total return | +39,381.41% | +8,444.09% |
| CAGR | +43.24% | +30.65% |
| Calendar years | TQQQ | UPRO |
|---|---|---|
| Best year | +198.05% | +118.49% |
| Worst year | −79.09% | −56.84% |
| Positive years | 12 of 15 | 11 of 15 |
| Risk | TQQQ | UPRO |
|---|---|---|
| Max drawdown | −81.66% | −76.82% |
| Longest drawdown | 3 years | 2.5 years |
| Volatility (annualized) | 61.09% | 51.03% |
| Risk-adjusted | TQQQ | UPRO |
|---|---|---|
| Sharpe ratio | 0.90 | 0.78 |
| Sortino ratio | 1.28 | 1.10 |
| Calmar ratio | 0.53 | 0.40 |
Trailing returns
| Period | TQQQ | UPRO | TQQQ − UPRO |
|---|---|---|---|
| YTD | +54.57% | +31.15% | +23.42% |
| 1Y | +53.79% | +34.72% | +19.06% |
| 3Y | +66.18% | +55.68% | +10.50% |
| 5Y | +21.85% | +21.67% | +0.18% |
| 10Y | +41.36% | +29.21% | +12.15% |
| 15Y | +45.49% | +34.37% | +11.12% |
Rolling returns
| Period | TQQQ median | UPRO median | More often ahead |
|---|---|---|---|
| 1Y | +55.10% | +37.13% | TQQQ 68% |
| 3Y | +45.50% | +29.47% | TQQQ 82% |
| 5Y | +38.65% | +27.06% | TQQQ 88% |
| 10Y | +38.43% | +27.22% | TQQQ 100% |
Worst drawdowns · TQQQ
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −81.7% | Nov 2021 | Dec 2022 | Dec 2024 | 3 years |
| −69.9% | Feb 2020 | Mar 2020 | Jul 2020 | 5 months |
| −58.1% | Aug 2018 | Dec 2018 | Nov 2019 | 1.2 years |
| −58.0% | Dec 2024 | Apr 2025 | Aug 2025 | 8 months |
| −44.5% | Jul 2015 | Feb 2016 | Sep 2016 | 1.2 years |
| Decline | Peak | Bottom | Recovered | Length |
|---|---|---|---|---|
| −76.8% | Feb 2020 | Mar 2020 | Jan 2021 | 11 months |
| −63.9% | Jan 2022 | Oct 2022 | Jun 2024 | 2.5 years |
| −51.7% | Apr 2011 | Oct 2011 | Apr 2012 | 11 months |
| −50.3% | Sep 2018 | Dec 2018 | Jul 2019 | 10 months |
| −48.9% | Feb 2025 | Apr 2025 | Jul 2025 | 5 months |
Annual returns
| Year | TQQQ | UPRO | TQQQ − UPRO |
|---|---|---|---|
| 2017 | +118.06% | +71.37% | +46.69% |
| 2018 | −19.79% | −25.11% | +5.32% |
| 2019 | +133.83% | +102.30% | +31.54% |
| 2020 | +110.05% | +10.09% | +99.96% |
| 2021 | +82.98% | +98.64% | −15.66% |
| 2022 | −79.09% | −56.84% | −22.25% |
| 2023 | +198.05% | +68.53% | +129.52% |
| 2024 | +58.27% | +63.57% | −5.30% |
| 2025 | +34.35% | +31.88% | +2.48% |
| 2026to Oct 2 | +54.57% | +31.15% | +23.42% |
About TQQQ vs UPRO
Both are ProShares funds that aim for three times an index's return each day. TQQQ tracks the Nasdaq-100 and UPRO the S&P 500. The leverage resets daily, so over longer periods their returns drift from three times the index's. The Nasdaq-100 holds fewer companies, with more in technology, so TQQQ has swung further both ways.
TQQQ returned 43.2% a year from Feb 2010 to Oct 2026, against 30.6% for UPRO. TQQQ fell furthest in 2021–2022, by 81.7%, and UPRO in 2020, by 76.8%. TQQQ beat UPRO in 11 of 15 full years and in every rolling 10-year period.
Uses daily closing prices with dividends reinvested. Fund fees are included, but not taxes or trading costs. The comparison starts on Feb 11, 2010, when TQQQ's prices begin.