Here's How Much $1000 Invested In ProShares Ultra QQQ 10 Years Ago Would Be Worth Today

ProShares Ultra QQQ (NYSE:QLD) has outperformed the market over the past 10 years by 17.58% on an annualized basis producing an average annual return of 30.27%. Currently, ProShares Ultra QQQ has a market capitalization of $10.63 billion.

Buying $1000 In QLD: If an investor had bought $1000 of QLD stock 10 years ago, it would be worth $14,285.35 today based on a price of $69.90 for QLD at the time of writing.

ProShares Ultra QQQ's Performance Over Last 10 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.