One of the most popular ETFs among investors is ProShares UltraPro QQQ ETF (NASDAQ: TQQQ), a fund that uses leverage to generate triple the daily returns of the Nasdaq 100 index. And it's easy to see why so many people are paying attention to it: In less than 15 years in existence, it has delivered total returns of more than 16,000%. If you had invested $10,000 in the ETF at the time of its 2010 inception, and reinvested any distributions along the way, you'd be sitting on more than $1.6 million today.

In a nutshell, the fund benefited from an exceptional 14-year stretch for big technology stocks. Aside from the relatively tame 2022 bear market and a short-lived plunge when the COVID-19 pandemic started, the essentially has gone straight up for years. It has been an excellent time to be invested in the index, with leverage.

While I don't necessarily think this (or any) ETF will replicate this level of performance over the next 14 years, there are good reasons to believe that small cap stocks are primed for years of outperformance. And there's a similar ETF that might seem interesting to watch.

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Source Fool.com