BITQ vs QQQ
Bitwise Crypto Industry Innovators ETF vs Invesco QQQ Trust, Series 1
Which is better, BITQ or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. BITQ led over 1Y and 3Y, QQQ over 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 60.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BITQ | QQQ |
|---|---|---|
| Expense Ratio | 0.85% | 0.18%Best |
| AUM | $420M | $486.1B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 30 | 107 |
| YTD Price Return | +25.33%Best | +17.26% |
| 1Y Price Return | +35.13%Best | +24.99% |
| 3Y Price Return (annualized) | +55.14%Best | +23.91% |
| 5Y Price Return (annualized) | +1.31% | +13.50%Best |
| Volatility (annualized) | 70.4% | 20.6%Best |
| Max Drawdown | -90.3% | -35.6%Best |
| $10,000 over 5 years | $10,672 | $18,836Best |
| Top 10 Weight | 60.6% | 46.5%Best |
| Fund Family | Bitwise | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | May 11, 2021 | Mar 10, 1999 |
Returns are price returns and exclude distributions, because our data feed carries no adjusted close for BITQ. Both funds are measured the same way, so the comparison holds. BITQ yields 0.00% and QQQ 0.44% on top.
Volatility and max drawdown are measured over the window both funds cover: May 12, 2021 to Sep 4, 2026 (5.3 years).
BITQ vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.3 years both funds cover. Prices exclude distributions, on both funds alike.
BITQ vs QQQ Performance
Bitwise Crypto Industry Innovators ETF (BITQ) is an ETF from Bitwise and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BITQ returned +35.13% while QQQ returned +24.99%. Year to date, BITQ is up 25.33% versus a gain of 17.26% for QQQ.
Over three years, BITQ compounded at +55.14% per year against +23.91% for QQQ; over five years the annualized figures are +1.31% and +13.50% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITQ has been the more volatile fund, with annualized monthly volatility of 70.4% compared with 20.6% 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 -90.3% for BITQ and -35.6% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BITQ charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, BITQ currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
8.8% of BITQ's money is in holdings QQQ also owns. 0.1% of QQQ's money is in holdings BITQ also owns.
BITQ and QQQ share little of their money.
1 positions in common, counted across the 31 positions we hold weights for in BITQ and 102 in QQQ, against full books of 30 and 107.
What only one of them owns
Our book lists 93 positions for QQQ that do not appear in our book for BITQ (96.7% of the fund), and 18 for BITQ that do not appear in QQQ (60.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BITQ | Weight in QQQ | Difference |
|---|---|---|---|
| MSTRMicrostrategy Inc | 8.85% | 0.14% | 8.71% |
You are not choosing between two funds in isolation.
Whichever of BITQ and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BITQ or QQQ?
BITQ has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, BITQ or QQQ?
Over the past year BITQ returned +35.13% vs +24.99% for QQQ, so BITQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BITQ or QQQ?
BITQ has been the more volatile fund at 70.4% annualized versus 20.6% for QQQ. Worst drawdown: BITQ -90.3% vs QQQ -35.6%.
Should I hold both BITQ and QQQ?
BITQ and QQQ have a monthly-return correlation of 0.74, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BITQ and QQQ?
8.8% of BITQ's money is in holdings QQQ also owns. 0.1% of QQQ's is in holdings BITQ also owns. They hold 1 positions in common, counted across the 31 positions we hold weights for in BITQ and 102 in QQQ.
Which pays a higher dividend, BITQ or QQQ?
BITQ yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than BITQ?
QQQ has a lower expense ratio. BITQ led over 1Y and 3Y, QQQ over 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 60.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.