TQQQ’s daily leverage produced a far larger ending balance than QQQ from its first trading close through October 2, 2026. The same record includes an 81.65% drawdown and a recovery lasting more than three years.
Markets & business modelsResearch updated Oct 7, 2026
QQQ finished ahead of SPY through October 2, 2026, but its dot-com collapse erased almost 83% of a prior high. The comparison follows both funds through the losses and recoveries behind their ending balances.
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