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QQXL vs TQQQ
Which ETF would AI Choose? ProShares Ultra QQQ Top 30 (QQXL) vs. ProShares UltraPro QQQ (TQQQ)
Key Takeaways
- QQXL targets 2x daily returns of the Nasdaq-100 Top 30 Index, offering concentrated exposure to the largest mega-cap names, while TQQQ seeks 3x daily returns of the full Nasdaq-100 Index.
- Both ETFs employ leveraged strategies with daily reset mechanisms, resulting in distinct risk profiles and compounding effects over multi-day periods.
- QQXL features a narrower, more concentrated holdings set focused on the top 30 companies by market capitalization, whereas TQQQ provides broader exposure across approximately 100 constituents.
- Expense ratios are comparable, with QQXL at a net 0.96% and TQQQ at approximately 0.94% gross, though structural costs and leverage levels influence net investor outcomes differently.
- QQXL represents a newer thematic leveraged product launched in 2025, emphasizing efficiency in mega-cap exposure, while TQQQ offers established liquidity and a longer performance track record since 2010.
- Relative positioning favors different investor objectives: QQXL for targeted top-tier concentration and TQQQ for amplified broad technology-sector beta.
Introduction
ProShares Ultra QQQ Top 30 (QQXL) and ProShares UltraPro QQQ (TQQQ) both deliver leveraged exposure to Nasdaq-100 companies, yet they differ in leverage magnitude, index breadth, and concentration. These ETFs do not compete directly as substitutes but serve as alternative vehicles for investors seeking amplified returns within the technology and growth equity space. In the current environment of elevated market volatility and sector rotation, comparing their structural features helps clarify suitability for varying risk tolerances and time horizons.
ProShares Ultra QQQ Top 30 (QQXL) Overview
ProShares Ultra QQQ Top 30 (QQXL) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Top 30 Index. The index measures the performance of the 30 largest companies by market capitalization within the Nasdaq-100 Index. The ETF maintains a concentrated portfolio reflecting this narrow selection of mega-cap leaders, primarily in technology and related sectors. It uses derivatives such as swap agreements for leverage implementation. The net expense ratio stands at 0.96%. Launched in August 2025, QQXL represents a focused leveraged approach emphasizing efficiency and concentrated exposure rather than broad diversification.
ProShares UltraPro QQQ (TQQQ) Overview
ProShares UltraPro QQQ (TQQQ) seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Nasdaq-100 Index. The underlying index includes 100 of the largest non-financial companies listed on the Nasdaq exchange. TQQQ achieves its leverage through a combination of financial instruments including swaps and futures. It holds a broader set of positions compared with narrower leveraged peers. The gross expense ratio is 0.94%. Established in February 2010, TQQQ provides a longer operating history and higher liquidity profile within the leveraged equity category.
Industry and Thematic Backdrop
The technology sector continues to drive market leadership amid ongoing innovation in artificial intelligence, semiconductors, and cloud computing. Macroeconomic factors including interest rate expectations, earnings growth from dominant companies, and capital allocation trends influence both ETFs. Regulatory developments around antitrust scrutiny and trade policies add layers of uncertainty. Sector risks include valuation compression during risk-off periods and concentration in a handful of large issuers. Capital flows into growth-oriented strategies remain sensitive to broader economic signals and volatility regimes.
Performance and Positioning Comparison
In recent market cycles, the higher leverage in TQQQ has amplified both upside participation and downside volatility relative to QQXL. QQXL's concentration in the top 30 holdings may produce different sensitivity to earnings announcements and sector rotations among mega-cap leaders. Over multi-week and multi-month periods, daily reset mechanics in both funds lead to compounding variations that diverge from simple multiples of the underlying index returns. TQQQ's broader index exposure provides more balanced participation across the Nasdaq-100 universe, while QQXL's narrower focus heightens dependence on the performance of the largest constituents. Liquidity differences reflect TQQQ's longer history and larger scale versus QQXL's more recent introduction.
AI Screener
Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Investors seeking data-driven insights into leveraged ETFs and sector exposure may find the platform useful for refining their screening process.
Tickeron AI Verdict
Based on observable structural factors including liquidity profile, operating history, and diversification breadth, Tickeron’s AI would currently assign a higher probabilistic preference to TQQQ. Its established market presence and broader index coverage provide relative advantages in consistency and tradability compared with the newer, more concentrated QQXL. Cost efficiency and risk exposure considerations further support this positioning in a probabilistic framework, though individual investor objectives should guide final allocation decisions.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is QQXL is a Buy and TQQQ is a Hold.
QQXL's RSI Indicator ascends from oversold territory
The RSI Oscillator for QQXL moved out of oversold territory on November 09, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 4 similar instances when the indicator left oversold territory. In 4 of the 4 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 13 of 14 cases where QQXL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
Following a +4.74% 3-day Advance, the price is estimated to grow further. Considering data from situations where QQXL advanced for three days, in 80 of 93 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
QQXL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on QQXL as a result. In 17 of 22 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 77%.
The Moving Average Convergence Divergence Histogram (MACD) for QQXL turned negative on October 12, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 10 similar instances when the indicator turned negative. In 9 of the 10 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
QQXL moved below its 50-day moving average on October 15, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for QQXL crossed bearishly below the 50-day moving average on October 22, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 3 of 5 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 60%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QQXL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 85%.
The Aroon Indicator for QQXL entered a downward trend on November 13, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
TQQQ's RSI Indicator climbs out of oversold territory
The RSI Oscillator for TQQQ moved out of oversold territory on November 09, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 28 similar instances when the indicator left oversold territory. In 27 of the 28 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 51 of 57 cases where TQQQ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 89%.
Following a +14.10% 3-day Advance, the price is estimated to grow further. Considering data from situations where TQQQ advanced for three days, in 330 of 364 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
TQQQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on TQQQ as a result. In 77 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 88%.
The Moving Average Convergence Divergence Histogram (MACD) for TQQQ turned negative on October 13, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 45 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 88%.
TQQQ moved below its 50-day moving average on October 14, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for TQQQ crossed bearishly below the 50-day moving average on October 22, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 15 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TQQQ declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 88%.
The Aroon Indicator for TQQQ entered a downward trend on November 13, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
| QQXL | TQQQ | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 90% | 1 day ago 90% |
| Stochastic ODDS (%) | 1 day ago 90% | 1 day ago 89% |
| Momentum ODDS (%) | 1 day ago 77% | 1 day ago 88% |
| MACD ODDS (%) | 4 days ago 90% | 3 days ago 88% |
| TrendWeek ODDS (%) | 1 day ago 86% | 1 day ago 90% |
| TrendMonth ODDS (%) | 1 day ago 89% | 1 day ago 90% |
| Advances ODDS (%) | 3 days ago 86% | 6 days ago 90% |
| Declines ODDS (%) | 13 days ago 85% | 1 day ago 88% |
| BollingerBands ODDS (%) | 1 day ago 80% | 1 day ago 89% |
| Aroon ODDS (%) | 1 day ago 79% | 1 day ago 90% |
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QQXL and
Correlation & Price change
A.I.dvisor indicates that over the last year, QQXL has been loosely correlated with AMD. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if QQXL jumps, then AMD could also see price increases.
| Ticker / NAME | Correlation To QQXL | 1D Price Change % | ||
|---|---|---|---|---|
| QQXL | 100% | -3.08% | ||
| AMD - QQXL | 64% Loosely correlated | -8.75% | ||
| LRCX - QQXL | 61% Loosely correlated | -3.36% | ||
| ADI - QQXL | 61% Loosely correlated | -2.77% | ||
| AMAT - QQXL | 59% Loosely correlated | -2.74% | ||
| MRVL - QQXL | 58% Loosely correlated | -4.68% | ||
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TQQQ and
Correlation & Price change
A.I.dvisor indicates that over the last year, TQQQ has been closely correlated with LRCX. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if TQQQ jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To TQQQ | 1D Price Change % | ||
|---|---|---|---|---|
| TQQQ | 100% | -3.67% | ||
| LRCX - TQQQ | 78% Closely correlated | -3.36% | ||
| AMD - TQQQ | 78% Closely correlated | -8.75% | ||
| AMAT - TQQQ | 75% Closely correlated | -2.74% | ||
| KLAC - TQQQ | 73% Closely correlated | -3.17% | ||
| ASML - TQQQ | 73% Closely correlated | -0.13% | ||
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| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| IMF | 53.23 | 0.20 | +0.37% |
| Invesco Managed Futures Strategy ETF (IMF) | |||
| WBIF | 35.62 | N/A | N/A |
| WBI BullBear Value 3000 ETF (WBIF) | |||
| MUC | 9.89 | -0.03 | -0.30% |
| Blackrock Muniholdings California Quality Fund | |||
| GCV | 3.81 | -0.02 | -0.52% |
| Gabelli Convertible and Income Securities Fund (The) | |||
| EHCC | 18.23 | -0.56 | -2.96% |
| Global X Ethereum Covered Call ETF | |||