ETHW vs QQQ
Bitwise Ethereum 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 | ETHW | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.18% | |
| AUM | $207M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 1 | 108 | |
| YTD Return | -39.88% | +18.31% | |
| 1Y Return | -58.60% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 74.0% | 30.6% | |
| Max Drawdown | -67.9% | -83.0% | |
| Fund Family | Bitwise | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 22, 2024 | Mar 10, 1999 |
ETHW vs QQQ Performance
Bitwise Ethereum ETF (ETHW) is a ETF from Bitwise and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ETHW returned -58.60% while QQQ returned +25.37%. Year to date, ETHW is down 39.88% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
ETHW has been the more volatile fund, with annualized monthly volatility of 74.0% 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 -67.9% for ETHW 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Frequently Asked Questions
Which performed better, ETHW or QQQ?
Over the past year ETHW returned -58.60% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ETHW annualized -25.89% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, ETHW or QQQ?
ETHW has been the more volatile fund at 74.0% annualized versus 30.6% for QQQ. Worst drawdown: ETHW -67.9% vs QQQ -83.0%.
Should I hold both ETHW and QQQ?
ETHW and QQQ have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ETHW or QQQ?
ETHW yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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