BITS vs QQQ
Global X Blockchain & Bitcoin Strategy ETF 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 | BITS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $23M | $496.3B | |
| Dividend Yield | 25.64% | 0.44% | |
| Holdings | 5 | 108 | |
| YTD Return | -17.16% | +19.52% | |
| 1Y Return | -16.72% | +26.68% | |
| 3Y Return (annualized) | +35.61% | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 64.3% | 30.6% | |
| Max Drawdown | -83.1% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 15, 2021 | Mar 10, 1999 |
BITS vs QQQ Performance
Global X Blockchain & Bitcoin Strategy ETF (BITS) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BITS returned -16.72% while QQQ returned +26.68%. Year to date, BITS is down 17.16% versus a gain of 19.52% for QQQ.
Over three years, BITS compounded at +35.61% per year against +26.64% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.14% annualized vs -2.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITS has been the more volatile fund, with annualized monthly volatility of 64.3% 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 -83.1% for BITS 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITS charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, BITS currently yields 25.64% against 0.44% for QQQ.
Holdings Overlap
BITS and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BITS or QQQ?
BITS has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, BITS or QQQ?
Over the past year BITS returned -16.72% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), BITS annualized -2.48% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, BITS or QQQ?
BITS has been the more volatile fund at 64.3% annualized versus 30.6% for QQQ. Worst drawdown: BITS -83.1% vs QQQ -83.0%.
Should I hold both BITS and QQQ?
BITS and QQQ have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BITS and QQQ?
BITS and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, BITS or QQQ?
BITS yields 25.64% while QQQ yields 0.44%, so BITS currently pays the higher dividend yield.
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