TQQQ: PROSHARES ULTRAPRO QQQ
Share-split context: A forward split was recorded on Nov 20, 2025 with coefficient 2. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.
What this ETF is trying to do
TQQQ, also known as PROSHARES ULTRAPRO QQQ, is a leveraged ETF. This means it uses financial tools to try and multiply the performance of an index. It is not an "inverse" fund, so it does not move in the opposite direction of the market.
What the numbers show
The current price for one share is $83.62.
This ETF has a history of "forward splits." In a forward split, each old share becomes multiple new shares. When this happens, the quoted price per share falls proportionally. However, your total ownership stays the same at the moment of the split. A forward split is not a loss of money or a warning sign.
When looking at how much money an ETF makes, you should look at two different numbers:
• Price Return: This only measures how much the share price itself changed.
• Total Return: This includes the share price change plus any cash distributions (payments) received.
Here is what the data shows:
• Year-to-Date (YTD): The price return was approximately 58.61%, and the total return was approximately 59.55%.
• One Year: The price return was approximately 58.81%, and the total return was approximately 60.00%.
• Three Years: The price return was approximately 347.76%, and the total return was approximately 362.62%.
Income and distribution explanation
This ETF has a distribution yield of approximately 0.58%. This number describes the cash payments made relative to the ETF's price. Over the last 12 months, there were 4 payouts, which usually happen every three months (quarterly). It is important to remember that a high distribution yield does not mean an investor earned that same percentage as their total return.
NAV erosion explanation
"NAV erosion" describes a loss in the value of the underlying assets held by the ETF. StockValueFinder uses an "erosion-risk score" to measure this risk. For TQQQ, the erosion score is 100, and the label states "No price erosion detected." This indicates the erosion risk is considered good.
Top Holdings
The following are the top holdings in this portfolio. Please note that this is a partial list:
• NASDAQ 100 INDEX SWAP: 23.79%
• PROSHARES GENIUS MONEY MARKET ETF: 14.09%
• NVIDIA CORP: 3.15%
• APPLE INC: 3.02%
• MICRON TECHNOLOGY INC: 1.90%
• MICROSOFT CORP: 1.85%
• AMAZON.COM INC: 1.67%
• ADVANCED MICRO DEVICES INC: 1.54%
• ALPHABET INC CLASS A: 1.27%
• META PLATFORMS INC CLASS A: 1.20%
Pros
• The ETF has shown very high price and total returns over the last one and three years.
• There is no detected price erosion.
Cons
• This is a leveraged ETF, which makes it different from standard ETFs.
Beginner takeaway
When studying TQQQ, remember that "total return" gives a more complete picture than "price return" because it includes cash payments. Also, keep in mind that while forward splits change the price of a single share, they do not change the total value of what you own at the time of the split.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NASDAQ 100 INDEX SWAP | n/a | 23.79% |
| 2 | PROSHARES GENIUS MONEY MARKET ETF | IQMM | 14.09% |
| 3 | NVIDIA CORP | NVDA | 3.15% |
| 4 | APPLE INC | AAPL | 3.02% |
| 5 | MICRON TECHNOLOGY INC | MU | 1.90% |
| 6 | MICROSOFT CORP | MSFT | 1.85% |
| 7 | AMAZON.COM INC | AMZN | 1.67% |
| 8 | ADVANCED MICRO DEVICES INC | AMD | 1.54% |
| 9 | ALPHABET INC CLASS A | GOOGL | 1.27% |
| 10 | META PLATFORMS INC CLASS A | META | 1.20% |