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This question is about stock market. Can you please explain the difference between sqqq and tqqq....

This question is about stock market.

Can you please explain the difference between sqqq and tqqq. Which one pushes up and drops down when /nq - e mini 100 futures goes up and down.

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Answer #1

Firstly QQQ is the Listed US markets NASDAQ-100's ETF which are an equity-based fund consists of US Large cap companies of NASDAQ 100 Index.

TQQQ and SQQQ are the ETF's which simulates the 3X price movements of the QQQ fund of NASDAQ-100 which moves up and down with respect to the QQQ fund.

E mini NASDAQ 100 futures offers to manage exposure to 100 large cap companies of NASDAQ 100 Index, It is 20x timing the NASDAQ-100 index with a tick size of.25 index points.

When the E-mini 100 futures moves up in the market the TQQQ etf moves up simultaneously and vice versa with the SQQQ etf.

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