ProShares UltraPro QQQ ETF
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About TQQQ
ProShares UltraPro QQQ seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 Index. This Ultra ProShares ETF seeks a return that is 3x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.
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1.22%
39.97M
$78.61
$76.88
$77.64
$85.20
$41.73
What is TQQQ?
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TQQQ is a leveraged Exchange Traded Fund (ETF) product. Designed by ProShares, TQQQ returns three times (3x) the value of its underlying index, the Nasdaq-100, on any given trading day before fees and expenses.
As TQQQ ETF is a leveraged product, it uses derivatives contracts to magnify both returns and losses based on how the Nasdaq-100 behaves each trading day.
TQQQ vs QQQ: How are they different?
The main difference between TQQQ and QQQ is that TQQQ is a leveraged ETF using derivatives contracts. It does not hold any shares.
QQQ is TQQQ’s underlying index. Designed by Invesco, QQQ holds 100 of the Nasdaq’s largest domestic and international non-financial companies based on market capitalisation. QQQ’s share price passively goes up and down along with the Nasdaq-100 over time.
Some of the companies held within QQQ include Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Tesla (TSLA), NVIDIA (NVDA), Amgen (AMGN), AstraZeneca (AZN), Monster Beverage (MSNT), Marriott International (MAR) and Walgreens Boots Alliance (WBA).
For a complete listing of companies within the Nasdaq-100, click here.
🆚 Compare TQQQ vs QQQ stock comparison→
Does TQQQ pay a dividend?
No. TQQQ does not pay any dividends.
Is TQQQ a good investment? How long should I hold TQQQ?
Leveraged ETFs such as TQQQ are primarily designed as short-term trading vehicles, not
long-term passive investments. They are not meant to be held for lengthy periods of time.
More often than not, TQQQ ETF is used by financial advisers and professional investors.
As per ProShares’ TQQQ fact sheet:
“Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product."
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Open an accountTQQQ FAQs
- Find the right investing platform for you. To buy TQQQ shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
- Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
- Search for TQQQ or ProShares UltraPro QQQ ETF. Find the stock by using the search function and go to the TQQQ page.
- Place an order to buy TQQQ. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
- Monitor your portfolio. You’ve now purchased some TQQQ shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.
This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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