ETHW vs QQQ
Bitwise Ethereum ETF vs Invesco QQQ Trust, Series 1
Which is better, ETHW or QQQ?
Multi Alternative against Large Cap Growth.
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 | ETHW | QQQ |
|---|---|---|
| Expense Ratio | - | 0.18% |
| AUM | $271M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 1 | 107 |
| YTD Return | -15.58% | +17.95%Best |
| 1Y Return | -42.67% | +21.77%Best |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 76.0% | 17.8%Best |
| Max Drawdown | -67.9% | -22.8%Best |
| $10,000 over 2.2 years | $7,545 | $15,301Best |
| Fund Family | Bitwise | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | Jul 22, 2024 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 23, 2024 to Sep 18, 2026 (2.2 years).
ETHW vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
ETHW vs QQQ Performance
Bitwise Ethereum ETF (ETHW) is an ETF from Bitwise and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ETHW returned -42.67% while QQQ returned +21.77%. Year to date, ETHW is down 15.58% versus a gain of 17.95% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETHW has been the more volatile fund, with annualized monthly volatility of 76.0% compared with 17.8% 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 -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 0.33. They move together some of the time, and apart the rest.
You are not choosing between two funds in isolation.
Whichever of ETHW 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 performed better, ETHW or QQQ?
Over the past year ETHW returned -42.67% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ETHW annualized -12.02% vs +21.33% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETHW or QQQ?
ETHW has been the more volatile fund at 76.0% annualized versus 17.8% for QQQ. Worst drawdown: ETHW -67.9% vs QQQ -22.8%.
Should I hold both ETHW and QQQ?
ETHW and QQQ have a monthly-return correlation of 0.33, 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, ETHW or QQQ?
ETHW yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than ETHW?
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.