TQQQ vs SPY
Comparison between PROSHARES ULTRAPRO QQQ (TQQQ, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceTQQQ has outperformed SPY, delivering a return of +17.3% compared to +13.2%
TQQQ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TQQQ
$39B
Winner
SPY
$781B
Expense Ratio
TQQQ
N/A
SPY
0.09%
Max Drawdown
TQQQ
81.75%
Winner
SPY
56.47%
Sharpe Ratio
TQQQ
1.13
Winner
SPY
1.43
5Y Beta
TQQQ
3.72
Winner
SPY
1.00
P/E Ratio
TQQQ
N/A
SPY
26.48
Forward P/E
TQQQ
N/A
SPY
20.89
PEG Ratio
TQQQ
N/A
SPY
0.30
5Y Dividends CAGR
TQQQ
N/A
SPY
6.00%
5Y EPS CAGR
TQQQ
N/A
SPY
26.40%
Debt to Equity
TQQQ
N/A
SPY
48.17%
P/S Ratio
TQQQ
N/A
SPY
3.72
P/B Ratio
TQQQ
N/A
SPY
5.55
TQQQ vs SPY - Holdings Comparison
TQQQ and SPY have 89 common holdings. Overlap is 33.89%
TQQQ's top 25 holdings weight is 64.69%. SPY's top 25 holdings weight is 51.49%.
| Rank | TQQQ | SPY |
|---|---|---|
| #1 | NASDAQ 100 INDEX SWAP (n/a) - 23.79% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | PROSHARES GENIUS MONEY MARKET ETF (IQMM) - 14.09% | APPLE INC (AAPL) - 7.44% |
| #3 | NVIDIA CORP (NVDA) - 3.15% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | APPLE INC (AAPL) - 3.02% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | MICRON TECHNOLOGY INC (MU) - 1.90% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | MICROSOFT CORP (MSFT) - 1.85% | BROADCOM INC (AVGO) - 2.83% |
| #7 | AMAZON.COM INC (AMZN) - 1.67% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | ADVANCED MICRO DEVICES INC (AMD) - 1.54% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | ALPHABET INC CLASS A (GOOGL) - 1.27% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | META PLATFORMS INC CLASS A (META) - 1.20% | TESLA INC (TSLA) - 1.65% |
| #11 | ALPHABET INC CLASS C (GOOG) - 1.19% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | TESLA INC (TSLA) - 1.19% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | BROADCOM INC (AVGO) - 1.15% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | WALMART INC (WMT) - 0.93% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | INTEL CORP (INTC) - 0.92% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | APPLIED MATERIALS INC (AMAT) - 0.78% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | CISCO SYSTEMS INC (CSCO) - 0.77% | VISA INC CLASS A (V) - 0.91% |
| #18 | COSTCO WHOLESALE CORP (COST) - 0.71% | INTEL CORP (INTC) - 0.77% |
| #19 | LAM RESEARCH CORP (LRCX) - 0.70% | WALMART INC (WMT) - 0.75% |
| #20 | n/a (PLTR) - 0.53% | ABBVIE INC (ABBV) - 0.70% |
| #21 | NETFLIX INC (NFLX) - 0.50% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | KLA CORP (KLAC) - 0.49% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | PALO ALTO NETWORKS INC (PANW) - 0.48% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | TEXAS INSTRUMENTS INC (TXN) - 0.46% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | SANDISK CORP ORDINARY SHARES (SNDK) - 0.41% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 107 | 505 |
TQQQ vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
TQQQ
-5.74%
Winner
SPY
+2.30%
3M
TQQQ
+0.88%
Winner
SPY
+5.00%
6M
Winner
TQQQ
+42.94%
SPY
+11.88%
1Y
Winner
TQQQ
+63.21%
SPY
+22.80%
5Y(CAGR)
Winner
TQQQ
+17.28%
SPY
+13.20%
10Y(CAGR)
Winner
TQQQ
+40.33%
SPY
+15.26%
Max(CAGR)
Winner
TQQQ
+42.69%
SPY
+8.59%
TQQQ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | TQQQ | SPY |
|---|---|---|
| 2026 | +38.14% | +13.10% |
| 2025 | +35.23% | +18.00% |
| 2024 | +66.68% | +25.59% |
| 2023 | +205.14% | +26.72% |
| 2022 | -79.67% | -18.64% |
| 2021 | +91.35% | +30.52% |
| 2020 | +100.13% | +17.28% |
| 2019 | +130.53% | +31.09% |
| 2018 | -23.72% | -5.24% |
| 2017 | +112.91% | +20.78% |
| 2016 | +18.63% | +13.59% |
| 2015 | +18.20% | +1.31% |
| 2014 | +60.84% | +14.56% |
| 2013 | +119.27% | +29.00% |
| 2012 | +44.08% | +14.17% |
| 2011 | -12.02% | +0.85% |
| 2010 | +78.04% | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
TQQQ vs SPY Drawdown Comparison
The maximum drawdown for TQQQ was -81.65%, occurring on Dec 28, 2022. Recovery took 763 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current TQQQ drawdown is -17.22%. The current SPY drawdown is -0.36%.
| Rank | TQQQ | SPY |
|---|---|---|
| #1 | -81.65% Nov 19, 2021 - Dec 4, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -69.92% Feb 19, 2020 - Jul 10, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -58.08% Aug 29, 2018 - Nov 4, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -58.04% Dec 16, 2024 - Aug 12, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -44.54% Jul 20, 2015 - Sep 22, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -43.90% Jul 22, 2011 - Feb 8, 2012 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -43.11% Apr 23, 2010 - Oct 25, 2010 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -36.97% Oct 29, 2025 - Apr 22, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -35.37% Sep 2, 2020 - Dec 17, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -33.63% Jun 2, 2026 - Jul 29, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -31.94% Apr 3, 2012 - Sep 6, 2012 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -31.89% Sep 19, 2012 - Apr 30, 2013 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -30.43% Feb 12, 2021 - Apr 13, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -29.68% Mar 12, 2018 - Jun 14, 2018 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -28.56% Jan 26, 2018 - Mar 9, 2018 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between TQQQ and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
TQQQ vs SPY dividend yield comparison.
| Year | TQQQ | SPY |
|---|---|---|
| 2026 | 0.34% | 0.48% |
| 2025 | 0.65% | 1.07% |
| 2024 | 1.27% | 1.21% |
| 2023 | 1.26% | 1.40% |
| 2022 | 0.57% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.06% | 1.75% |
| 2018 | 0.11% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.01% | 2.06% |
| 2014 | 0.02% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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