TQQQ

TQQQ reports 127 positions, but the weights make it behave like about 19 equally weighted ones. Computed by this site from the fund's SEC Form N-PORT filing — see what this measure does not tell you and the full table.

The same filing says what kind of price those positions carry: 50.67% of TQQQ is held at a quoted market price, across 6 issuer countries . Comparisons across every fund are in the valuation table, and what a low share does and does not mean is worth reading before drawing a conclusion from it.

• 015 Expense ratio
• 014 Maximum drawdown
• 010 Variance drag
• 009 Total return
• 008 Duration
• 008 Standard deviation
• 006 Factor exposure
• 006 Rebalancing bands

• Fractional Kelly: A Disciplined Way to Size a High-Volatility Satellite Sleeve

  Full Kelly maximizes long-run compound growth in theory, but it assumes you know your edge exactly — a condition that essentially never holds with a...

  01 Sept 2026 9 min Long-Term Strategy

• Volatility Targeting: How Scaling Exposure to a Risk Budget Changes Long-Term Outcomes

  Volatility targeting scales exposure inversely to expected volatility so the portfolio holds a roughly constant risk budget — it works because volatility is...

  17 Aug 2026 8 min Long-Term Strategy

• The Honest Math of Daily-Reset Leverage: What QLD, SSO, and TQQQ Actually Cost in a 4% Rate Regime

  A 2x daily-reset ETF such as QLD does not deliver 2x the annual return of the Nasdaq-100. It delivers roughly 2x of each daily return, compounded — a...

  04 Apr 2026 11 min ETF Analysis

• Why Capital Preservation Is the Secret to Winning with Leveraged Assets

  The case for capital preservation in a leveraged portfolio is not a temperament argument — it is an arithmetic one. Drawdown recovery is non-linear: a 50%...

  29 Mar 2026 9 min Long-Term Strategy

• What Rising Interest Rates Mean for Leveraged ETF Borrowing Costs

  Leveraged ETFs do not borrow on margin. They obtain exposure through total return swaps whose financing leg is reset daily at short-term rates (Fed Funds or...

  28 Mar 2026 12 min Macro & Markets

• TQQQ Analysis: Is a 3x Nasdaq-100 Strategy Viable for a 30-Year Horizon?

  TQQQ's 10-year 44.9% CAGR was earned in a specific regime — near-zero financing costs, persistent Nasdaq-100 leadership, manageable realized volatility. The...

  27 Mar 2026 12 min ETF Analysis

• Leveraged ETFs vs Index ETFs: What Daily Reset Actually Costs a Long-Term Holder

  Leveraged ETFs are engineered to deliver a multiple of the index's daily return, then reset every evening. Their multi-year payoff is path-dependent, not...

  27 Mar 2026 10 min ETF Analysis

• Can Leveraged ETFs Be Part of a Long-Term Portfolio? Risk Mitigation Strategies

  Daily-reset leveraged ETFs are not buy-and-hold instruments. Holding-period return depends on the realized path of the underlying, not just its start and...

  26 Mar 2026 11 min Long-Term Strategy

• The Honest Math of Leveraged ETFs - Path Dependency, Volatility Decay, and the Behavioral Gap

  Over the last five years, TQQQ delivered a 27.0% CAGR while QQQM delivered 17.6% — a ratio of 1.53x, not the 3x the leverage label implies. Realized...

  26 Mar 2026 10 min Long-Term Strategy

• The Math of Leveraged ETF Decay: Myth vs. Reality in Trending Markets

  Daily-reset leverage produces a return that, over any non-trivial horizon, is not L times the index — it is L times the daily return, compounded, then taxed...

  25 Mar 2026 9 min Long-Term Strategy

• Leveraged ETF Satellites in a Long-Term Core: The Drawdown Math Most Plans Skip

  Over the last five years, TQQQ (3x QQQ) realized a 27.0% CAGR — roughly 1.5x QQQM's 17.6%, not 3x — while drawing down 81.7% peak-to-trough. QLD (2x QQQ)...

  25 Mar 2026 8 min Long-Term Strategy

• The Honest Math of Leveraged ETFs: What Long-Horizon Investors Need to Understand Before Holding 2x or 3x

  Over the trailing five years, TQQQ compounded at 27.0% while QQQ compounded at 17.6%. A 3x daily-reset product captured roughly 1.5x of the underlying — not...

  24 Mar 2026 11 min ETF Analysis

• TQQQ vs QQQM: What Live Returns Reveal About 3x Leverage Over a Full Cycle

  Over the trailing five years, TQQQ realized only ~1.53× the CAGR of QQQM (27.0% vs 17.6%), not 3×. Daily resets, financing costs, and the 2022 drawdown...

  23 Mar 2026 10 min ETF Analysis

• VOO vs QQQM vs TQQQ: What 5-Year Volatility and Drawdown Tell Us About Leverage in a Long-Term Core

  Over the trailing five years, TQQQ delivered ~27.0% annualized but with 66.6% realized volatility and an 81.7% peak-to-trough drawdown — a hole that...

  23 Mar 2026 9 min ETF Analysis

• The Honest Math of Leveraged ETFs: A 5-Year Data Read on TQQQ, SSO, and UPRO

  Over the trailing five years, TQQQ delivered roughly 1.5x the realized CAGR of QQQM — not 3x — while taking on roughly 3x the drawdown and 3x the...

  22 Mar 2026 9 min Investment Framework

• Buy and Hold in 2026: What Rebalancing Discipline Actually Adds to Long-Term ETF Returns

  Buy-and-hold is still the right base case for long-horizon ETF investors, but pure drift quietly converts a balanced portfolio into something the investor...

  10 Mar 2026 10 min Long-Term Strategy

• VOO, QQQM, and SCHD: What Five-Year Risk and Return Actually Say About a Long-Term Core

  QQQM produced the highest five-year CAGR (17.6%), but at 22.3% realized volatility and a −35.0% drawdown — a single-regime number, not a permanent ranking....

  08 Mar 2026 11 min ETF Analysis

• If the Nasdaq 100 Corrects 20%, Will Long-Term Investors Lose Money? (10+ Year Analysis)

  A 20% Nasdaq-100 drawdown is the index's textbook resting state, not its tail event — the real long-term risk lives in the 50% and 80% drawdowns sitting in...

  28 Feb 2026 9 min Macro & Markets