BRRR vs QQQ
CoinShares Bitcoin ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | BRRR | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.18% | |
| AUM | $382M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 2 | 108 | |
| YTD Return | -29.61% | +19.68% | |
| 1Y Return | -48.62% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 52.8% | 30.6% | |
| Max Drawdown | -53.3% | -83.0% | |
| Fund Family | Valkyrie Funds | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 10, 2024 | Mar 10, 1999 |
BRRR vs QQQ Performance
CoinShares Bitcoin ETF (BRRR) is a ETF from Valkyrie Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BRRR returned -48.62% while QQQ returned +26.75%. Year to date, BRRR is down 29.61% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
BRRR has been the more volatile fund, with annualized monthly volatility of 52.8% 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 -53.3% for BRRR 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Frequently Asked Questions
Which performed better, BRRR or QQQ?
Over the past year BRRR returned -48.62% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), BRRR annualized +12.08% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, BRRR or QQQ?
BRRR has been the more volatile fund at 52.8% annualized versus 30.6% for QQQ. Worst drawdown: BRRR -53.3% vs QQQ -83.0%.
Should I hold both BRRR and QQQ?
BRRR and QQQ have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, BRRR or QQQ?
BRRR yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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