ProShares UltraPro QQQ

TQQQ

Market cap $39.8B

With AI optimism and easing Washington-Tehran tensions lifting markets, investors may consider these leveraged ETFs for amplified upside.

A Redditor posted a screenshot to r/wallstreetbets last week with the title “Boring $4,000,000 gain with triple-leveraged SPXL.

A trader who bought ProShares UltraPro QQQ (NASDAQ:TQQQ | TQQQ Price Prediction) at the start of 2022 expecting the tech rally to continue ended the year down roughly 80%, while the Nasdaq 100 fell about 34%.

ProShares Ultra QQQ provides 2x daily leverage while ProShares UltraPro QQQ offers 3x daily leverage on the same underlying tech-heavy index. ProShares UltraPro QQQ has experienced a significantly deeper maximum drawdown of 81.80% compared to the 63.80% seen by ProShares Ultra QQQ.

The ProShares UltraPro QQQ has delivered an average annual return of 39.3% over 16 years. During declines in the Nasdaq-100 index, this leveraged ETF gets hit three times as hard.

There's been a lot of upbeat change in the Nasdaq since the last time Kevin Davitt (@nasdaq) appeared on our network in March. He examines the index's outperformance over recent years and how it compares to historical trends.

Leveraged exchange-traded funds deliver a daily multiple of an underlying index's return, using swaps and futures to reset exposure every session.

After a long wait, tech stock investors have plenty to cheer about. It took a whopping 167 days, but the Nasdaq-100 index last week surpassed its previous closing high from back in October 2025 while also racking up its longest daily positive streak since 1992.

Investors rotated billions of dollars back into equities last week, pulling money from ultra-short Treasury and leveraged exchange traded funds while pouring cash into broad market index funds as optimism mounted for a potential end to the Iran war. Key Takeaways: QQQ drew $6.5 billion as S&P 500 ETFs collectively attracted over $7.

The ProShares Ultra Pro QQQ has delivered average annual returns of 39.3% in the past 16 years -- but leverage brings bigger risks as well as rewards. There's no guarantee that the Nasdaq-100 will outperform the rest of the stock market in the future.