Dividend comparison
TQQQ vs QLD: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for ProShares UltraPro QQQ and ProShares - Ultra QQQ, side by side. Updated October 21, 2026.
TQQQ vs QLD: key differences
The short answer, from the latest data on this page.
- Fees. TQQQ is cheaper at 0.94% a year versus 0.96% for QLD. On $10,000 that is $2 a year less in fees.
- Income. TQQQ pays more income, yielding 0.69% over the last twelve months versus 0.14% for QLD. That is about $55 more a year on $10,000. TQQQ pays quarterly, QLD pays semi-annual.
- Performance. Over the last 5 years, QLD returned 126.7% versus 113.8% for TQQQ, with dividends reinvested. $10,000 would have grown to $22,668 in QLD and $21,375 in TQQQ.
- Risk. TQQQ has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -81.6%, against -63.7% for QLD.
- Diversification. TQQQ holds 123 positions and QLD holds 121. The ten largest positions make up 34.1% of TQQQ and 40.8% of QLD.
- Overlap. At least 49% of the two portfolios overlap by weight, across 100 shared holdings.
- Dividend growth. TQQQ grew its yearly payout 771.0% a year over the last 3 years, versus 29.2% for QLD.
- Size. TQQQ is the larger fund with $35.5 billion in assets, against $14.5 billion for QLD.
Bottom line: TQQQ fits better if you care most about lower fees, more income today and faster dividend growth. QLD fits better if you care most about stronger 5-year returns and smaller drawdowns.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | TQQQ ProShares UltraPro QQQ | QLD ProShares - Ultra QQQ |
|---|---|---|
| Dividend yield (TTM) | 0.69% | 0.14% |
| Dividend / share (TTM) | $0.48 | $0.12 |
| Payout frequency | Quarterly | Semi-annual |
| Last dividend | $0.1560 on Sep 29, 2026 | $0.0271 on Sep 29, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 771.0% over 4 yrs | 29.2% over 3 yrs |
| Price | $70.41 | $89.54 |
| Beta | 3.71 | 2.46 |
| Max drawdown (5Y) | -81.6% | -63.7% |
| Market cap | $41.88B | $10.70B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | 0.94% | 0.96% |
| Assets under management | $35.46B | $14.46B |
| Number of holdings | 123 | 121 |
| Top 10 concentration | 34.1% | 40.8% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
TQQQ
$5.73/mo
$69 /yr at 0.69% yield
QLD
$1.15/mo
$14 /yr at 0.14% yield
Dividend history
Total dividends paid per share in each calendar year. TQQQ pays quarterly; QLD pays semi-annual.
| Year | TQQQ | QLD |
|---|---|---|
| 2025 | $0.3425 | $0.1178 |
| 2024 | $0.7245 | $0.1371 |
| 2023 | $0.6395 | $0.1271 |
| 2022 | $0.0490 | $0.0546 |
| 2021 | $0.0001 | — |
Strategy: Leveraged
Funds that use swaps and futures to deliver two or three times the daily return of an index. The multiple resets every day, so over longer periods the result can differ sharply from simply multiplying the index return, especially when the market is choppy. They are built as short-term trading tools.
Daily rebalancing causes decay in sideways or volatile markets, and a large one-day drop can wipe out most of the fund's value.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $21,375 in TQQQ and $22,668 in QLD.
| Period | TQQQ | QLD |
|---|---|---|
| 1 month | -2.88% | -1.57% |
| 3 months | 4.28% | 4.12% |
| Year to date | 34.34% | 27.33% |
| 1 year | 31.48% | 26.67% |
| 3 years | 330.64% | 211.88% |
| 5 years | 113.75% | 126.68% |
- TQQQ
- QLD
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- TQQQ
- QLD
TQQQ vs QLD holdings overlap
At least 49% overlap by weight, with 100 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | TQQQ weight | QLD weight |
|---|---|---|
| IQMMPROSHARES GENIUS MNY MKT ETF | 16.83% | 9.98% |
| NVDANVIDIA CORP | 3.20% | 5.69% |
| AAPLAPPLE INC | 3.06% | 5.45% |
| MSFTMICROSOFT CORP | 2.42% | 4.31% |
| AMZNAMAZON.COM INC | 1.73% | 3.08% |
| MUMICRON TECHNOLOGY INC | 1.72% | 3.07% |
| AMDADVANCED MICRO DEVICES | 1.48% | 2.64% |
| METAMETA PLATFORMS INC-CLASS A | 1.28% | 2.28% |
| GOOGLALPHABET INC-CL A | 1.23% | 2.20% |
| TSLATESLA INC | 1.18% | 2.10% |
Top 10 holdings
Largest positions by portfolio weight.
TQQQ123 holdings total
Quick verdict
TQQQ fits better if you care most about lower fees, more income today and faster dividend growth. QLD fits better if you care most about stronger 5-year returns and smaller drawdowns. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how TQQQ vs QLD fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is TQQQ or QLD better for dividend income?
It depends on your goals. TQQQ currently yields 0.69% Trailing Twelve Months (TTM) while QLD yields 0.14%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between TQQQ and QLD?
ProShares UltraPro QQQ (TQQQ) is an ETF listed on NASDAQ. ProShares - Ultra QQQ (QLD) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, TQQQ or QLD?
TQQQ has the lower expense ratio. TQQQ charges 0.94% a year and QLD charges 0.96%, a difference of $2 a year on a $10,000 investment.
Which has performed better, TQQQ or QLD?
Over the last 5 years, QLD has the higher total return with dividends reinvested: TQQQ returned 113.8% and QLD returned 126.7%. Past performance does not predict future returns.
Which is riskier, TQQQ or QLD?
Measured by the worst peak-to-trough decline over the last five years, TQQQ has been riskier: TQQQ fell as much as 81.6% and QLD as much as 63.7%. Their betas are 3.71 and 2.46.
How much do TQQQ and QLD overlap?
At least 49% of the two portfolios overlap by weight, across 100 shared holdings. The largest shared positions are IQMM, NVDA, AAPL. Holding both still adds meaningful diversification.
How often do TQQQ and QLD pay dividends?
TQQQ pays quarterly and QLD pays semi-annual.
How much income does $10,000 in TQQQ vs QLD generate?
At current TTM yields, $10,000 in TQQQ would generate roughly $5.73 per month ($69 annually). The same amount in QLD would produce about $1.15 per month ($14 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both TQQQ and QLD?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare TQQQ vs QLD with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how TQQQ and QLD fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
Related comparisons
For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.