TQQQ’s 3x Promise Quietly Cost Holders 81 Percent in 2022 While the Nasdaq Fell Just 33 Percent
Key takeaways
- Invesco QQQ Trust (QQQ) returned 115% over five years with significantly lower volatility, outperforming TQQQ for many entry dates despite TQQQ’s 2,677% ten-year return.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and ProShares UltraPro QQQ wasn t one of them.
- A trader who bought ProShares UltraPro QQQ (NASDAQ:TQQQ) at the start of 2022 expecting the tech rally to continue ended the year down roughly 80%, while the Nasdaq 100 fell about 34%.
TQQQ’s 3x Promise Quietly Cost Holders 81 Percent in 2022 While the Nasdaq Fell Just 33 Percent Andrew Angelov / Shutterstock.com Omor Ibne Ehsan Mon, May 25, 2026 at 9:00 PM GMT+7 4 min read TQQQ ^IXIC QQQ QQQM NVDA Quick Read Pro Shares Ultra Pro QQQ (TQQQ) seeks 3x daily leverage on the Nasdaq 100 through daily resets that compound off new NAV, not original cost basis, and a 2022 buyer who held through the downturn saw an 80% loss while the Nasdaq fell only 34%, requiring a 426% gain to break even. Invesco QQQ Trust (QQQ) returned 115% over five years with significantly lower volatility, outperforming TQQQ for many entry dates despite TQQQ’s 2,677% ten-year return.
Volatility decay in bear markets and concentration on top of leverage make TQQQ unsuitable as a buy-and-hold position, and it should only be used as a tactical instrument sized to losses you can afford over days or weeks, not years.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and ProShares UltraPro QQQ wasn t one of them. Get them here FREE.