ETF Comparison
TQQQ vs QLD: Which Is the Better Pick in 2026?
A head-to-head comparison of ProShares UltraPro QQQ and ProShares Ultra QQQ covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| TQQQ | QLD | |
|---|---|---|
| Full name | ProShares UltraPro QQQ | ProShares Ultra QQQ |
| Issuer | ProShares | ProShares |
| Price | $43.23 | — |
| Distribution yield | 0.69% | — |
| Expense ratio | 0.82% | — |
| AUM | $27.3B | — |
| Distribution frequency | Quarterly | Quarterly |
| Underlying index | Nasdaq-100 Index | Nasdaq-100 Index |
| Objective | Seek daily investment results, before fees, that correspond to three times the daily performance of the Nasdaq-100 Index. | Seeks daily investment results, before fees, that correspond to two times the daily performance of the Nasdaq-100 Index. |
| Asset class | Equity | Equity |
| Inception date | 02/09/2010 | 06/19/2006 |
| Beta | 3.59 | — |
| Last dividend | $0.07 | — |
| Ex-dividend date | 03/25/2026 | — |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
TQQQ (ProShares UltraPro QQQ) and QLD (ProShares Ultra QQQ) are both popular quarterly-pay seek daily investment results, before fees, that correspond to three times the daily performance of the nasdaq-100 index. ETFs, but they take different approaches.
TQQQ offers the higher yield at 0.69% vs for QLD. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
QLD is cheaper with an expense ratio of compared to 0.82%.
TQQQ is the larger fund by assets ($27.3B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, TQQQ would generate roughly $5.75/month while QLD would produce $0.00/month at current distribution rates. Both pay quarterly distributions.
Cost & efficiency
Over 10 years on $10,000, TQQQ would cost approximately $820 in fees vs $0 for QLD (simplified, not compounded). The $820.00 difference may be offset by yield or performance.
Strategy & risk
TQQQ tracks Nasdaq-100 Index with a seek daily investment results, before fees, that correspond to three times the daily performance of the nasdaq-100 index. approach, while QLD tracks Nasdaq-100 Index using a seeks daily investment results, before fees, that correspond to two times the daily performance of the nasdaq-100 index. strategy.
Fund details
TQQQ is managed by ProShares (launched 02/09/2010) with $27.3B in assets. QLD is managed by ProShares (launched 06/19/2006) with — in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is TQQQ or QLD better for dividend income?
It depends on your goals. TQQQ currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between TQQQ and QLD?
TQQQ (ProShares UltraPro QQQ) tracks Nasdaq-100 Index with a seek daily investment results, before fees, that correspond to three times the daily performance of the nasdaq-100 index. strategy, while QLD (ProShares Ultra QQQ) tracks Nasdaq-100 Index with a seeks daily investment results, before fees, that correspond to two times the daily performance of the nasdaq-100 index. approach. They are issued by ProShares and ProShares respectively.
Can I hold both TQQQ and QLD?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, TQQQ or QLD?
TQQQ has an expense ratio of 0.82% while QLD charges —. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in TQQQ vs QLD generate?
At current yields, $10,000 in TQQQ would generate roughly $5.75 per month ($69.00 annually). The same in QLD would produce about $0.00 per month ($0.00 annually).
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