TQQQ
ETFProShares UltraPro QQQ
One email when a drop — in price or in valuation — is historically rare for TQQQ. Otherwise we stay quiet.
Rare — pay attention.
ProShares UltraPro QQQ is 30.7% off its high, 125 days in — deeper than the vast majority of its 189 recorded drawdowns. This is the kind of decline the severity score exists to flag.
Strong
Current Drawdown
-30.7%
Days in Drawdown
125
Avg Max Drawdown
7.0%
Avg Length
29
Drawdown Severity Score™
5.4
TQQQ - Price & High Water Mark
TQQQ - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
ProShares UltraPro QQQ (TQQQ) Analysis: Current Drawdown Insights
ProShares UltraPro QQQ is currently in a drawdown that is unusual by its own historical standards. As of 2026-11-11, the fund is trading at $60.44, which represents a 30.7% decline from its all-time high of $87.22. This drawdown has persisted for 125 days.
TQQQ by the numbers
- The last time TQQQ fell this far was the decline that began in Oct 2025. It bottomed at 37% and took 6 months to get back to its high.
- Only 11 declines since 2010 went deeper than today's 31%.
- Over the past 10 years, TQQQ spent 30% of trading days further below its high than it is now.
- Since 2010, TQQQ has fallen 20% or more at least 20 times, and 30% or more 12 times.
The Drawdown Severity Score™ for ProShares UltraPro QQQ currently stands at 5.43. A score between 5.0 and 8.0 indicates a rare, significant drawdown: the asset seldom sees declines at this level in its tracked history.
New to drawdowns? Read what a drawdown is.
📜 Historical Drawdown Events
Current drawdown shown in blue. Below are 25 of TQQQ's larger declines from its 189 tracked pullbacks, newest first.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-07-09 | Ongoing | 125 days | -30.7% | $87.22 | $60.44 | n/a |
| 2025-10-30 | 2026-04-22 | 175 days | -37.0% | $60.11 | $37.89 | $60.21 |
| 2025-10-09 | 2025-10-24 | 16 days | -10.8% | $54.27 | $48.38 | $55.10 |
| 2025-08-14 | 2025-09-11 | 29 days | -8.8% | $47.23 | $43.06 | $47.59 |
| 2024-12-17 | 2025-08-12 | 238 days | -58.0% | $46.03 | $19.31 | $47.16 |
| 2021-11-22 | 2024-12-04 | 1109 days | -81.7% | $42.30 | $7.76 | $42.56 |
| 2021-09-08 | 2021-10-28 | 51 days | -21.7% | $36.31 | $28.42 | $36.51 |
| 2021-04-19 | 2021-06-14 | 57 days | -21.1% | $26.70 | $21.07 | $26.81 |
| 2021-02-16 | 2021-04-13 | 56 days | -30.4% | $26.29 | $18.29 | $26.39 |
| 2021-01-27 | 2021-02-04 | 9 days | -12.5% | $24.69 | $21.60 | $24.88 |
| 2020-09-03 | 2020-12-17 | 106 days | -35.4% | $20.84 | $13.47 | $21.04 |
| 2020-08-07 | 2020-08-17 | 11 days | -10.0% | $15.67 | $14.11 | $15.73 |
| 2020-07-21 | 2020-08-03 | 14 days | -12.4% | $14.49 | $12.69 | $14.78 |
| 2020-02-20 | 2020-07-10 | 141 days | -69.9% | $14.10 | $4.24 | $14.11 |
| 2018-08-30 | 2019-11-04 | 432 days | -58.1% | $8.64 | $3.62 | $8.65 |
| 2018-03-13 | 2018-06-14 | 94 days | -29.7% | $7.41 | $5.21 | $7.55 |
| 2018-01-29 | 2018-03-09 | 40 days | -28.6% | $7.23 | $5.16 | $7.30 |
| 2015-07-21 | 2016-09-22 | 430 days | -44.5% | $2.53 | $1.40 | $2.58 |
| 2014-09-19 | 2014-10-31 | 43 days | -23.4% | $1.79 | $1.37 | $1.83 |
| 2014-03-06 | 2014-06-05 | 91 days | -21.7% | $1.37 | $1.07 | $1.40 |
| 2012-09-20 | 2013-04-30 | 223 days | -31.9% | $0.65 | $0.44 | $0.65 |
| 2012-04-04 | 2012-09-06 | 156 days | -31.9% | $0.61 | $0.42 | $0.62 |
| 2011-07-25 | 2012-02-08 | 199 days | -43.9% | $0.46 | $0.26 | $0.47 |
| 2011-04-28 | 2011-07-22 | 86 days | -25.3% | $0.46 | $0.34 | $0.46 |
| 2011-02-17 | 2011-04-27 | 69 days | -23.0% | $0.46 | $0.35 | $0.46 |
| 2010-04-26 | 2010-10-25 | 183 days | -43.1% | $0.32 | $0.18 | $0.32 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
Know the Moment Severity Changes
Since 2016, 76% of 1,140 Strong Buy and Ultra Buy alerts are in profit, up 208% on average vs 142% for the S&P 500 over the same windows (typical alert +86% vs +112%).
See every alert, losers included • Simulated, past results do not predict future results
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Or explore current drawdowns:
TQQQ Price History and Drawdown Data
Latest price
$60.44
High-water mark
$87.22
Current drawdown
-30.7%
Days in drawdown
125
What History Says About TQQQ
ProShares UltraPro QQQ has dropped 31%+ from its high 11 times in its tracked history. These events lasted an average of 308 days with an average max drop of -48.7%.
The current drawdown of -30.7% has lasted 125 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Nov 2021 to Dec 2024 | -81.7% | 1109 days |
| Feb 2020 to Jul 2020 | -69.9% | 141 days |
| Aug 2018 to Nov 2019 | -58.1% | 432 days |
| Dec 2024 to Aug 2025 | -58.0% | 238 days |
| Jul 2015 to Sep 2016 | -44.5% | 430 days |
| Jul 2011 to Feb 2012 | -43.9% | 199 days |
Past Strong Buy alerts for TQQQ
Simulated from our published thresholds, one alert per drawdown episode. Prices through Nov 11, 2026. Past results do not predict future results.
| Alert date | Level | Price at alert | Return to date | S&P 500, same window | vs S&P 500 |
|---|---|---|---|---|---|
| Apr 3, 2025 | Strong Buy | $24.98 | +142% | +42% | Beat |
| Feb 22, 2022 | Strong Buy | $23.34 | +159% | +86% | Beat |
| Mar 9, 2020 | Strong Buy | $7.31 | +727% | +201% | Beat |
| Dec 17, 2018 | Strong Buy | $4.78 | +1,164% | +232% | Beat |
| Feb 8, 2016 | Strong Buy | $1.42 | +4,158% | +382% | Beat |
Put TQQQ on your shopping list
We stay quiet on normal days. One free email on the rare day ProShares UltraPro QQQ falls further than it almost ever falls — the day that may be worth your attention.
Related Articles
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TQQQ's 34% Pullback: Historical Context
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TQQQ Is Down 24% in 47 Days. What History Says Now
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TQQQ's 15% Pullback: Historical Context
Jun 23, 2026 · 5 min read
ETFs in a similar drawdown
These are the tracked ETFs whose current drawdown from their prior high is closest to TQQQ's. Percentages are each one's current drawdown. This is a comparison list, not a recommendation.
- AIPODefiance AI & Power Infrastructure ETF-30.1% current drawdown
- BITCBitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF-29.1% current drawdown
- CHATRoundhill Generative AI & Technology ETF-29.1% current drawdown
- SOXXiShares Semiconductor ETF-28.8% current drawdown
- BTCUDirexion Daily Bitcoin Bull 2X ETF-28.3% current drawdown
- WTAIWisdomTree Artificial Intelligence and Innovation Fund-27.8% current drawdown
ETFs that usually fall about as much as TQQQ
Ranked by the average size of each one's declines from a high over its tracked history. TQQQ's average is 7.0%. This is a comparison list, not a recommendation.
- BITCBitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF6.3%average decline
- HYPGolden Eagle Dynamic Hypergrowth ETF6.5%average decline
- UFOProcure Space ETF6.5%average decline
- TECLDirexion Daily Technology Bull 3X Shares7.4%average decline
- SHProShares Short S&P5007.5%average decline
- ETHBIshares Staked Ethereum Trust ETF7.7%average decline
Learn More About Drawdowns
What is a Drawdown?
Definition, formula, and real examples
Biggest Drawdowns Ranked
How this asset's decline compares with the deepest in the tracked record
S&P 500 Drawdown History
Every major index decline with depth, duration, and recovery
Understanding Severity Scores
How our scoring compares to maximum drawdown
Our Methodology
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The Drawdown Severity Score
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About this data
- Source
- Adjusted daily closing prices from Yahoo Finance, so splits and dividends don't show up as drops.
- Coverage
- Apr 26, 2010 to Nov 11, 2026, about 17 years. 189 declines from a high recorded for TQQQ.
- Updated
- After each U.S. trading day closes. This page shows the close of Nov 11, 2026.
- How it's calculated
- A drawdown runs from a closing high to the next new high. See the methodology and how the Severity Score works.
Published by DrawdownAlerts. Historical facts only, not investment advice.