ICOI vs QQQ
Bitwise COIN Option Income Strategy 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 | ICOI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.96% | 0.18% | |
| AUM | $12M | $496.3B | |
| Dividend Yield | 202.36% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | -25.55% | +16.64% | |
| 1Y Return | -51.70% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 39.0% | 30.6% | |
| Max Drawdown | -59.3% | -83.0% | |
| Fund Family | Bitwise | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 1, 2025 | Mar 10, 1999 |
ICOI vs QQQ Performance
Bitwise COIN Option Income Strategy ETF (ICOI) is a ETF from Bitwise and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ICOI returned -51.70% while QQQ returned +27.27%. Year to date, ICOI is down 25.55% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
ICOI has been the more volatile fund, with annualized monthly volatility of 39.0% 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 -59.3% for ICOI 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ICOI charges 0.96% per year while QQQ charges 0.18%. On a $10,000 position that is $96 vs $18 annually, a gap of $78 per year that compounds over a long holding period. On income, ICOI currently yields 202.36% against 0.44% for QQQ.
Frequently Asked Questions
Which is cheaper, ICOI or QQQ?
ICOI has an expense ratio of 0.96% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $78 per year of difference.
Which performed better, ICOI or QQQ?
Over the past year ICOI returned -51.70% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), ICOI annualized -22.48% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, ICOI or QQQ?
ICOI has been the more volatile fund at 39.0% annualized versus 30.6% for QQQ. Worst drawdown: ICOI -59.3% vs QQQ -83.0%.
Should I hold both ICOI and QQQ?
ICOI and QQQ have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ICOI or QQQ?
ICOI yields 202.36% while QQQ yields 0.44%, so ICOI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.