UVXY - Market Corrections Obliterate Leveraged ETF Returns

January, 03 2020 04:30 AM ProShares Ultra VIX Short-Term Futures ETF 2x Shares

The 3x Leveraged Nasdaq ProShares UltraPro QQQ (TQQQ) is up over 5,000% since inception, about 10 years ago. According to historical data, the split-adjusted shares opened around $1.63 in February of 2010 and they currently trade around $86. For reference, $10,000 plopped into this ETF on the date it opened would hypothetically be worth over $500,000.

Here's a summary of each year's return from a Tweet by Charlie Bilello.

Charlie Bilello on Twitter

Before your fear of missing out kicks in, you probably want to take a look at another chart. This chart

Company Name:	ProShares Ultra VIX Short-Term Futures ETF 2x Shares
Stock Symbol:	UVXY
Market:	NYSE