5 year return for TQQQ (3x) ETF now MORE than 3 times the return of NASDAQ

Although people on here claimed a 33%+ loss of a 3x levered fund would result in losing all your money, that never happened from the 11/21 – 12/22 33% fall of the NASDAQ. In fact, the TQQQ now has a 5 year return of 396%, while the NASDAQ only has a return of 126%. This includes the so-called “erosion” of levered funds and the so-called wiping out of a fund after a large decline.