QQQ ETF Gains 0.3%, Underperforms Underlying Index

Shares of Invesco QQQ Trust Series I rose 0.3% to $480.84 on a favorable trading session for the U.S. stock market. The fund's underlying index, the NASDAQ 100 Index, rose 0.4%. The ETF's shares closed 11.1% below the 52-week high of $540.81. Trading volume was higher than the average. As of March 20, the fund's net asset value totaled $479.36 per share.

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Why $ProShares UltraPro QQQ(TQQQ)$  Doesn’t Perfectly Track $Invesco QQQ(QQQ)$   TQQQ, a 3x leveraged ETF designed to amplify the daily returns of the Nasdaq-100 (tracked by QQQ), often diverges from its benchmark over time. Here’s why: Daily Resets, Not Long-Term Multipliers TQQQ rebalances its leverage every day to maintain 3x exposure. If QQQ swings up and down sharply over days or weeks, the compounding effect works against TQQQ. For example, a drop followed by a rebound in QQQ may leave TQQQ worse off than a simple 3x return over the period. Volatility Drains Returns Frequent market ups and downs create “volatility decay.” Even if QQQ ends flat over a month, TQQQ could lose va
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