Quick Read – TQQQ turned $10,000 into $3.64 million over 16 years, but a sustained tech rally, suppressed volatility, and fast drawdown recoveries were all required. – QQQ returned 1,500% over the same period, but TQQQ’s recent 12% five-day plunge against QQQ’s 4% slip proves…
verage cuts both directions equally. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and ProShares UltraPro QQQ didn’t make the cut. Grab the names FREE today
On February 11, 2010, two days after ProShares launched its triple-leveraged Nasdaq-100 fund, a share of ProShares UltraPro QQQ (NASDAQ:TQQQ) closed at about $0.21 on a split-adjusted basis. As of today’s close near $71, that share is worth what you would expect a sixteen-year ride on a 3x daily leveraged tech basket to be worth if every single thing went right. A $10,000 stake placed on February 11, 2010 and left untouched is sitting at about $3.64 million.
The cumulative total return over that window, on the ETF’s own price feed, is 36,309.63%. The number is real. The question is whether it tells you anything useful about what to do tomorrow.