BIS vs QQQ
ProShares UltraShort Nasdaq Biotechnology vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | BIS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $2M | $455.8B | |
| Dividend Yield | 5.79% | 0.41% | |
| Holdings | 6 | 108 | |
| YTD Return | -32.69% | +19.68% | |
| 1Y Return | -55.28% | +26.75% | |
| 3Y Return (annualized) | -30.40% | +26.25% | |
| 5Y Return (annualized) | -16.47% | +15.39% | |
| Volatility (annualized) | 39.5% | 30.6% | |
| Max Drawdown | -99.9% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 6, 2010 | Mar 10, 1999 |
BIS vs QQQ Performance
ProShares UltraShort Nasdaq Biotechnology (BIS) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BIS returned -55.28% while QQQ returned +26.75%. Year to date, BIS is down 32.69% versus a gain of 19.68% for QQQ.
Over three years, BIS compounded at -30.40% per year against +26.25% for QQQ; over five years the annualized figures are -16.47% and +15.39% respectively. Across the full 16-year window we track, QQQ has the edge at +13.15% annualized vs -32.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BIS has been the more volatile fund, with annualized monthly volatility of 39.5% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -99.9% for BIS and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BIS charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, BIS currently yields 5.79% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, BIS or QQQ?
BIS has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, BIS or QQQ?
Over the past year BIS returned -55.28% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (16 years), BIS annualized -32.99% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, BIS or QQQ?
BIS has been the more volatile fund at 39.5% annualized versus 30.6% for QQQ. Worst drawdown: BIS -99.9% vs QQQ -83.0%.
Should I hold both BIS and QQQ?
BIS and QQQ have a monthly-return correlation of -0.57, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BIS or QQQ?
BIS yields 5.79% while QQQ yields 0.41%, so BIS currently pays the higher dividend yield.
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