ProShares Ultra QQQ (NYSE:QLD) has outperformed the market over the past 20 years by 20.35% on an annualized basis producing an average annual return of 29.67%. Currently, ProShares Ultra QQQ has a market capitalization of $13.47 billion.
Buying $100 In QLD: If an investor had bought $100 of QLD stock 20 years ago, it would be worth $18,249.87 today based on a price of $90.18 for QLD at the time of writing.
ProShares Ultra QQQ’s Performance Over Last 20 Years
Finally -- what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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