BPI vs QQQ
Grayscale Bitcoin Premium Income 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 | BPI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $3M | $455.8B | |
| Dividend Yield | 29.66% | 0.41% | |
| Holdings | 6 | 108 | |
| YTD Return | -25.34% | +17.85% | |
| 1Y Return | -42.60% | +26.45% | |
| 3Y Return (annualized) | - | +26.07% | |
| 5Y Return (annualized) | - | +15.16% | |
| Volatility (annualized) | 34.7% | 30.6% | |
| Max Drawdown | -49.2% | -83.0% | |
| Fund Family | Grayscale | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 2, 2025 | Mar 10, 1999 |
BPI vs QQQ Performance
Grayscale Bitcoin Premium Income ETF (BPI) is a ETF from Grayscale and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BPI returned -42.60% while QQQ returned +26.45%. Year to date, BPI is down 25.34% versus a gain of 17.85% for QQQ.
Risk: Volatility and Drawdowns
BPI has been the more volatile fund, with annualized monthly volatility of 34.7% 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 -49.2% for BPI 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BPI 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, BPI currently yields 29.66% against 0.41% for QQQ.
Holdings Overlap
BPI 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, BPI or QQQ?
BPI 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, BPI or QQQ?
Over the past year BPI returned -42.60% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), BPI annualized -18.98% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, BPI or QQQ?
BPI has been the more volatile fund at 34.7% annualized versus 30.6% for QQQ. Worst drawdown: BPI -49.2% vs QQQ -83.0%.
Should I hold both BPI and QQQ?
BPI and QQQ have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BPI and QQQ?
BPI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, BPI or QQQ?
BPI yields 29.66% while QQQ yields 0.41%, so BPI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.