BITU vs QQQ
ProShares Ultra Bitcoin 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 103 holdings.
Side-by-Side Comparison
| Metric | BITU | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.18% | |
| AUM | $353M | $455.8B | |
| Dividend Yield | 106.13% | 0.41% | |
| Holdings | 9 | 108 | |
| YTD Return | -60.11% | +17.46% | |
| 1Y Return | -79.99% | +26.02% | |
| 3Y Return (annualized) | - | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 90.5% | 30.6% | |
| Max Drawdown | -83.5% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 2, 2024 | Mar 10, 1999 |
BITU vs QQQ Performance
ProShares Ultra Bitcoin ETF (BITU) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BITU returned -79.99% while QQQ returned +26.02%. Year to date, BITU is down 60.11% versus a gain of 17.46% for QQQ.
Risk: Volatility and Drawdowns
BITU has been the more volatile fund, with annualized monthly volatility of 90.5% 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 -83.5% for BITU 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITU charges 0.98% per year while QQQ charges 0.18%. On a $10,000 position that is $98 vs $18 annually, a gap of $80 per year that compounds over a long holding period. On income, BITU currently yields 106.13% against 0.41% for QQQ.
Holdings Overlap
BITU 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, BITU or QQQ?
BITU has an expense ratio of 0.98% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, BITU or QQQ?
Over the past year BITU returned -79.99% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), BITU annualized -35.49% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, BITU or QQQ?
BITU has been the more volatile fund at 90.5% annualized versus 30.6% for QQQ. Worst drawdown: BITU -83.5% vs QQQ -83.0%.
Should I hold both BITU and QQQ?
BITU and QQQ have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BITU and QQQ?
BITU and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, BITU or QQQ?
BITU yields 106.13% while QQQ yields 0.41%, so BITU currently pays the higher dividend yield.
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