BTFX vs QQQ
CoinShares Bitcoin Leverage ETF vs Invesco QQQ Trust, Series 1
Which is better, BTFX or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BTFX | QQQ |
|---|---|---|
| Expense Ratio | 1.86% | 0.18%Best |
| AUM | $7M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 3 | 107 |
| Volatility (annualized) | 92.3% | 14.0%Best |
| Max Drawdown | -62.3% | -22.8%Best |
| $10,000 over 1.8 years | $12,949 | $14,039Best |
| Fund Family | Valkyrie Funds | Invesco (US) |
| Category | Alternative | Equity |
| Style | - | Large Cap Growth |
| Inception | Feb 21, 2024 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 276 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BTFX has data through Dec 15, 2025 and QQQ through Sep 17, 2026.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Feb 22, 2024 to Dec 15, 2025 (1.8 years).
Risk: Volatility and Drawdowns
BTFX has been the more volatile fund, with annualized monthly volatility of 92.3% compared with 14.0% 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 -62.3% for BTFX and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BTFX charges 1.86% per year while QQQ charges 0.18%. On a $10,000 position that is $186 vs $18 annually, a gap of $168 per year that compounds over a long holding period. On income, BTFX currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in BTFX and 102 in QQQ, totalling 49.2% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 309 days apart, BTFX as of Sep 30, 2025 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in BTFX and 102 in QQQ, against full books of 3 and 107.
You are not choosing between two funds in isolation.
Whichever of BTFX and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BTFX or QQQ?
BTFX has an expense ratio of 1.86% while QQQ charges 0.18%. QQQ is the cheaper option, by $168 a year on a $10,000 investment.
Which is riskier, BTFX or QQQ?
BTFX has been the more volatile fund at 92.3% annualized versus 14.0% for QQQ. Worst drawdown: BTFX -62.3% vs QQQ -22.8%.
Should I hold both BTFX and QQQ?
BTFX and QQQ have a monthly-return correlation of 0.43, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BTFX or QQQ?
BTFX yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than BTFX?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.