SUMMARY
We rate ProShares UltraPro QQQ at C-. Positive factors that influence this rating include a well above average total return, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The ProShares UltraPro QQQ has returned an annual rate of 42.54% since inception. More recently, the fund has generated a total return of 39.38% in the last five years, 15.54% in the last three years, and 173.78% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 99% of them. It has also outpaced 95% of its competitors on a three year basis and 99% of them over the last year for the period ending 2/29/2024. On a year to date basis, TQQQ has returned 24.52%.
Downside risk has been above average. TQQQ has a draw down risk of -89.60%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 75.4%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As TQQQ is an exchange traded fund, it has no front end or back end load.
The ProShares UltraPro QQQ is managed by Michael Neches at ProShare Advisors LLC. This fund is one of 130 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.
