TQQQ vs UPRO
ProShares UltraPro QQQ against ProShares UltraPro S&P 500: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
30%
92 shared positions
Fee gap
7 bp
TQQQ is cheaper
1-year return gap
0.1 pts
TQQQ is ahead
Larger fund
TQQQ
$36.2B
Side by side
| TQQQ | UPRO | |
|---|---|---|
| Fund | ProShares UltraPro QQQ | ProShares UltraPro S&P 500 |
| Issuer | ProShares | ProShares |
| Category | Leveraged Equity | Leveraged Equity |
| Expense ratio | 0.84% | 0.91% |
| Assets | $36.2B | $5.6B |
| Average daily dollar volume | $4.0B | $289M |
| Listed | Feb 9, 2010 | Jun 23, 2009 |
| FrenzyCap score | 86 | 86 |
| 1-month return | −10.2% | −1.3% |
| 3-month return | +9.5% | +11.7% |
| Year to date | +37.7% | +31.3% |
| 1-year return | +34.6% | +34.5% |
| 30-day volatility | 52.2% | 30.3% |
| Worst drawdown, 1 year | −37.2% | −27.0% |
| Trailing 12-month yield | 0.67% | 0.74% |
| Holdings | 127 | 522 |
| Top 10 weight | 249.1% | 247.9% |
| Look-through P/E | 32.0 | 25.7 |
| Holdings vs fair value | −1.1% | +1.8% |
| Holdings above 200-day average | 70% | 70% |
| Net flow, latest 3 reported months | −$5.4B thru May 2026 | −$192M thru May 2026 |
| 30-day implied volatility | 63.3% | 42.8% |
| Holdings as of | as of Oct 21, 2026issuer data | as of Oct 21, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
48% of TQQQ · 33% of UPRO| Holding | TQQQ | UPRO |
|---|---|---|
| NVDA | 3.30% | 3.93% |
| AAPL | 3.10% | 3.67% |
| MSFT | 2.44% | 2.89% |
| TREASURY BILL, due Jan 19, 2027 | 1.79% | 2.30% |
| AMZN | 1.75% | 1.88% |
| GOOGL | 1.21% | 1.44% |
| GOOG | 1.13% | 1.15% |
| META | 1.28% | 1.13% |
| TREASURY BILL, due Jan 12, 2027 | 1.74% | 0.99% |
| AVGO | 0.99% | 1.18% |
| TREASURY BILL, due Nov 3, 2026 | 0.94% | 0.89% |
| TREASURY BILL, due Jan 26, 2027 | 2.94% | 0.88% |
| TREASURY BILL, due Feb 11, 2027 | 1.33% | 0.88% |
| TSLA | 1.25% | 0.80% |
| MU | 1.76% | 0.76% |
| AMD | 1.54% | 0.66% |
| WMT | 0.97% | 0.38% |
| PLTR | 0.79% | 0.34% |
| INTC | 0.83% | 0.34% |
| COST | 0.75% | 0.32% |
| CSCO | 0.72% | 0.31% |
| LRCX | 0.56% | 0.24% |
| AMAT | 0.55% | 0.24% |
| TREASURY BILL, due Dec 29, 2026 | 1.88% | 0.21% |
| PANW | 0.48% | 0.21% |
Sector mix of the stock holdings
| Sector | TQQQ | UPRO | Gap |
|---|---|---|---|
| Technology | 27.2% | 22.8% | +4.4% |
| Consumer Discretionary | 5.7% | 5.1% | +0.6% |
| Industrials | 2.4% | 5.3% | −2.9% |
| Health Care | 1.7% | 4.2% | −2.5% |
| Financials | 0.1% | 4.6% | −4.5% |
| Consumer Staples | 0.8% | 1.6% | −0.9% |
| Utilities | 0.4% | 1.3% | −0.8% |
| Energy | 0.1% | 1.6% | −1.5% |
| Communication Services | 0.9% | 0.6% | +0.3% |
| Materials | 0.4% | 0.9% | −0.5% |
| Real Estate | 0.0% | 0.8% | −0.8% |
More: full overlap table · TQQQ holdings · UPRO holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.