BTF vs QQQ
CoinShares Bitcoin and Ether 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 | BTF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.18% | |
| AUM | $14M | $455.8B | |
| Dividend Yield | 247.08% | 0.41% | |
| Holdings | 5 | 108 | |
| YTD Return | -35.94% | +18.31% | |
| 1Y Return | -54.60% | +25.37% | |
| 3Y Return (annualized) | +11.07% | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 59.7% | 30.6% | |
| Max Drawdown | -77.5% | -83.0% | |
| Fund Family | Valkyrie Funds | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 21, 2021 | Mar 10, 1999 |
BTF vs QQQ Performance
CoinShares Bitcoin and Ether ETF (BTF) is a ETF from Valkyrie Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BTF returned -54.60% while QQQ returned +25.37%. Year to date, BTF is down 35.94% versus a gain of 18.31% for QQQ.
Over three years, BTF compounded at +11.07% per year against +25.79% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.10% annualized vs -9.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BTF has been the more volatile fund, with annualized monthly volatility of 59.7% 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 -77.5% for BTF 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 0.48. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BTF charges 1.27% per year while QQQ charges 0.18%. On a $10,000 position that is $127 vs $18 annually, a gap of $109 per year that compounds over a long holding period. On income, BTF currently yields 247.08% against 0.41% for QQQ.
Holdings Overlap
BTF 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, BTF or QQQ?
BTF has an expense ratio of 1.27% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $109 per year of difference.
Which performed better, BTF or QQQ?
Over the past year BTF returned -54.60% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), BTF annualized -9.24% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, BTF or QQQ?
BTF has been the more volatile fund at 59.7% annualized versus 30.6% for QQQ. Worst drawdown: BTF -77.5% vs QQQ -83.0%.
Should I hold both BTF and QQQ?
BTF and QQQ have a monthly-return correlation of 0.48, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BTF and QQQ?
BTF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, BTF or QQQ?
BTF yields 247.08% while QQQ yields 0.41%, so BTF currently pays the higher dividend yield.
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