BTCC vs QQQ
Grayscale Bitcoin Covered Call 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 | BTCC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $14M | $455.8B | |
| Dividend Yield | 96.32% | 0.41% | |
| Holdings | 6 | 108 | |
| YTD Return | -20.68% | +18.31% | |
| 1Y Return | -38.26% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 29.5% | 30.6% | |
| Max Drawdown | -44.4% | -83.0% | |
| Fund Family | Grayscale | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 2, 2025 | Mar 10, 1999 |
BTCC vs QQQ Performance
Grayscale Bitcoin Covered Call ETF (BTCC) is a ETF from Grayscale and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BTCC returned -38.26% while QQQ returned +25.37%. Year to date, BTCC is down 20.68% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 29.5% for BTCC. 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 -44.4% for BTCC 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BTCC 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, BTCC currently yields 96.32% against 0.41% for QQQ.
Holdings Overlap
BTCC 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, BTCC or QQQ?
BTCC 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, BTCC or QQQ?
Over the past year BTCC returned -38.26% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), BTCC annualized -18.91% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, BTCC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 29.5% for BTCC. Worst drawdown: BTCC -44.4% vs QQQ -83.0%.
Should I hold both BTCC and QQQ?
BTCC and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BTCC and QQQ?
BTCC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, BTCC or QQQ?
BTCC yields 96.32% while QQQ yields 0.41%, so BTCC currently pays the higher dividend yield.
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