ProShares UltraPro QQQ (TQQQ) Stock Analysis
Latest ClaritX AI analysis ·
TQQQ is a levered fund that delivers 3x exposure only over a one-day holding period of NASDAQ-100 stocks. The underlying index includes 100 of the largest non-financial companies listed on NASDAQ based on market capitalization. Historically, technology companies have dominated TQQQs underlying index, so, its future performance might be closely tied to the performance of the tech industry. The fund uses a mathematical approach to determine the type, quantity and mix of investment positions that it believes will produce daily returns consistent with its investment objective. Like many levered products, the fund is not a buy-and-hold ETF as it's a very short-term tactical instrument.
| Metric | Value |
|---|---|
| Price | $73.82 |
| Market cap | $45.3B |
| Sector | Financial Services |
| Industry | Asset Management |
| ClaritX AI score | 25/100 |
| Beta | 3.71 |
AI verdict
The ProShares UltraPro QQQ ETF (TQQQ) is a highly volatile derivative instrument facing an overwhelmingly hostile macroeconomic and technical environment. Fundamentally, the ETF is entirely unsuitable for buy-and-hold investing due to immense mathematical liabilities. Recent analyses confirm that over a five-year period, TQQQ's intense volatility drag caused it to underperform its 2x leveraged counterpart (QLD). Furthermore, the fund is burdened by massive total return swap financing costs. With the 10-year Treasury yield spiking above 5.10% following a hot 3.7% CPI print, the fundamental valuations of its heavily concentrated tech holdings (60.32%) are severely compromised, a reality corroborated by Empowered Funds LLC liquidating 67.6% of its stake. Technically, the asset has suffered a catastrophic breakdown. Following the inflation-driven macro shock, TQQQ violently sliced through both its 20-day ($79.02) and 50-day ($74.70) Simple Moving Averages, plunging to $73.82. The Relative Strength Index (RSI) has collapsed to a deeply bearish 37.04, signaling intense distributional selling pressure. Lacking any immediate technical support until the distant 200-day SMA ($64.75), and weighed down by extreme beta (3.708) and fundamental AI capital expenditure concerns, TQQQ is a definitive SELL for anything other than microscopic, intraday tactical trading. Rating 25/100
What this score has been worth
ClaritX scores TQQQ 25 out of 100, ranking it #10 among etf in the live ClaritX ranking (snapshot 2026-10-21).
Every ClaritX analysis is scored first and judged only on what the stock did afterwards. Across the 118 analyses that scored in the 0-49 band, the average forward return was -8.3% with a 32% win rate, -12.6pp against the S&P 500. That is a measured tendency across many names, not a forecast for TQQQ — roughly 68% of stocks in this band still lost money.
The full band-by-band table, including the bands that lost, is on the AI Rank Report; the live strategy arms behind it are on the AI Track Record, losses published.