10 Best Performing ETFs of the Last 5 Years

2. ProShares UltraPro QQQ (NASDAQ:TQQQ)

5-Year Share Price Performance as of February 18: 234.28%

ProShares recently celebrated the 15th anniversary of the ProShares UltraPro QQQ (NASDAQ:TQQQ) fund, which has become one of the world’s most leveraged ETFs since its inception back in early 2010. The fund’s performance coincides with an era of tremendous technology progress, offering investors the opportunity for 3x exposure to the tech-heavy Nasdaq-100 or lower capital investment requirements. TQQQ has been recognized as one of the best-performing ETFs in the United States since its debut, managing more than $25 billion in assets.

NVIDIA Corporation (NASDAQ:NVDA), a global leader in the creation and selling of Graphics Processing Units (GPUs), is one of the TQQQ fund’s top stock holdings. Although the company had a wild reaction to competition from DeepSeek AI, investors seem to have processed the news well and are confident NVIDIA’s development in the GPU area is not expected to be challenged anytime soon.

BofA expects NVIDIA Corporation (NASDAQ:NVDA) to slightly outperform forecasts when it publishes its fiscal fourth-quarter results on February 26. That said, the bank’s analysts cautioned that near-term hurdles may weigh on the company’s first-quarter expectations. While NVIDIA’s stock may see post-earnings volatility, the firm expects positive momentum to return as investors look ahead to its upcoming product pipeline. Furthermore, BofA maintains NVIDIA as its top sector selection, highlighting the company’s distinct position as a “computing platform” rather than merely a chipmaker.

Manole Capital Management stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2024 investor letter:

“As of this publication, Nvidia is up roughly 150% year-to-date. NVIDIA Corporation (NASDAQ:NVDA) was the largest gainer in the S&P 500 last year and has more than tripled in value over the last year. It hit an eye-opening market capitalization of $3 trillion in June, less than four months after it eclipsed the $2 trillion mark. Enthusiasm for everything AI-related, especially for the primary chip maker whose products are essential to powering AI technology, continues to fuel the market. Last quarter, and for the fifth consecutive quarter, Nvidia reported sales and profits that blew past Wall Street expectations. The stock rose +37% in the second quarter alone.”