BTFX vs QQQ
CoinShares Bitcoin Leverage 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 108 holdings.
Side-by-Side Comparison
| Metric | BTFX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.86% | 0.18% | |
| AUM | $7M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 3 | 108 | |
| YTD Return | -40.83% | +16.23% | |
| 1Y Return | -51.50% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 92.3% | 30.6% | |
| Max Drawdown | -62.3% | -83.0% | |
| Fund Family | Valkyrie Funds | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 21, 2024 | Mar 10, 1999 |
BTFX vs QQQ Performance
CoinShares Bitcoin Leverage ETF (BTFX) is a ETF from Valkyrie Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BTFX returned -51.50% while QQQ returned +26.23%. Year to date, BTFX is down 40.83% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
BTFX has been the more volatile fund, with annualized monthly volatility of 92.3% 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 -62.3% for BTFX 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
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
BTFX and QQQ share 0 holdings out of 103 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, BTFX or QQQ?
BTFX has an expense ratio of 1.86% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $168 per year of difference.
Which performed better, BTFX or QQQ?
Over the past year BTFX returned -51.50% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), BTFX annualized +15.44% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, BTFX or QQQ?
BTFX has been the more volatile fund at 92.3% annualized versus 30.6% for QQQ. Worst drawdown: BTFX -62.3% vs QQQ -83.0%.
Should I hold both BTFX and QQQ?
BTFX and QQQ have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BTFX and QQQ?
BTFX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
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.
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