How to back test a leveraged ETF?


QQQ has been around since 1999, but TQQQ has only been around since ~2010.

Would it be an accurate back test to take the percent daily change of QQQ, multiply it by three, and then subtract the difference caused by the differing expense ratios?

If not, what could I do to do it relatively accurately, as to compare them since 1999, or maybe even earlier?


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