# TQQQ's 3x Daily Target Became 5.93x Windfall

> TQQQ's 3x daily target grew to 5.93x over ten years, defying decay claims.
- Title: TQQQ's 3x Daily Target Became 5.93x Windfall · 24/7 Wall St.
- Summary: TQQQ's 3x daily target grew to 5.93x over ten years, defying decay claims. TQQQ's 3x daily target became 5.93x over ten years, beating decay expectations.
- Keywords: proshares, tqqq, qqq, nasdaq-100, leveraged etf, daily rebalancing, compound returns, TQQQ's, Daily, Target, Became, 93x
- Source: 24/7 Wall St. — https://247wallst.com/investing/etf/2026/10/12/the-compounding-catch-how-tqqqs-3x-daily-target-became-a-5-93x-windfall
- Author: Ryne Mauck
- Published: 2026-10-12T20:03:48+00:00
- Read time: 1 min
- Topics: proshares, tqqq, qqq, nasdaq-100, leveraged etf, daily rebalancing, compound returns
## TQQQ's 3x Daily Target
TQQQ targets 3x daily Nasdaq-100 returns but only for one day.

> The Fund does not seek to achieve three times (3x) the daily performance of the Index … for any period other than a day
## Decade-Long Performance
TQQQ returned 3197.28% over ten years, far exceeding its target.

> Over the past ten years, the proshares ultra pro qqq (nasdaq:tqqq) posted a price return of 3197.28%
## Daily Rebalancing Mechanism
TQQQ resets exposure daily to maintain 3x target, adding or cutting positions.

> Each day the fund rebalances, resetting exposure to its daily target
## Compound Returns Over Time
TQQQ's multiple of QQQ grew from 1.43x weekly to 5.93x over ten years.

> Tqqq relative to qqq over ten years: 5.93x
## Five-Year Performance
TQQQ returned 168.43% over five years, slightly behind QLD's 169.16%.

> Over five years, tqqq returned 168.43%, slightly behind qld's 169.16%
## Volatility Impact
Higher volatility reduced compounding in 2022, but longer gains boosted returns.

> Proshares puts the nasdaq-100's annualized volatility at 22.60% for the five years ended may 31, 2026
## Key takeaway

TQQQ's 3x daily target became 5.93x over ten years, beating decay expectations.