OBTC vs QQQ
Osprey Bitcoin Trust vs Invesco QQQ Trust, Series 1
Which is better, OBTC or QQQ?
Single Currency against Large Cap Growth.
QQQ has a lower expense ratio. OBTC led over 3Y, QQQ over 1Y, 5Y 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 | OBTC | QQQ |
|---|---|---|
| Expense Ratio | 0.49% | 0.18%Best |
| AUM | $72M | $483.5B |
| Dividend Yield | 0.00% | 0.44% |
| Holdings | 3 | 107 |
| YTD Return | -9.49% | +17.95%Best |
| 1Y Return | -26.08% | +21.77%Best |
| 3Y Return (annualized) | +53.94%Best | +25.63% |
| 5Y Return (annualized) | +15.03% | +15.24%Best |
| Volatility (annualized) | 64.7% | 20.2%Best |
| Max Drawdown | -94.5% | -35.1%Best |
| $10,000 over 5 years | $20,140 | $20,324Best |
| Fund Family | Osprey Funds | Invesco (US) |
| Category | Alternative | Equity |
| Style | Single Currency | Large Cap Growth |
| Inception | Dec 19, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 12, 2021 to Sep 18, 2026 (5.6 years).
OBTC 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 5.6 years both funds cover.
OBTC vs QQQ Performance
Osprey Bitcoin Trust (OBTC) is an ETF from Osprey Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year OBTC returned -26.08% while QQQ returned +21.77%. Year to date, OBTC is down 9.49% versus a gain of 17.95% for QQQ.
Over three years, OBTC compounded at +53.94% per year against +25.63% for QQQ; over five years the annualized figures are +15.03% and +15.24% respectively. Across the full 6-year window we track, QQQ has the edge at +15.27% annualized vs -10.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OBTC has been the more volatile fund, with annualized monthly volatility of 64.7% compared with 20.2% 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 -94.5% for OBTC and -35.1% 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 0.45. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OBTC charges 0.49% per year while QQQ charges 0.18%. On a $10,000 position that is $49 vs $18 annually, a gap of $31 per year that compounds over a long holding period. On income, OBTC currently yields 0.00% against 0.44% for QQQ.
You are not choosing between two funds in isolation.
Whichever of OBTC 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, OBTC or QQQ?
OBTC has an expense ratio of 0.49% while QQQ charges 0.18%. QQQ is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, OBTC or QQQ?
Over the past year OBTC returned -26.08% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), OBTC annualized -10.97% vs +15.27% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OBTC or QQQ?
OBTC has been the more volatile fund at 64.7% annualized versus 20.2% for QQQ. Worst drawdown: OBTC -94.5% vs QQQ -35.1%.
Should I hold both OBTC and QQQ?
OBTC and QQQ have a monthly-return correlation of 0.45, 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, OBTC or QQQ?
OBTC yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than OBTC?
QQQ has a lower expense ratio. OBTC led over 3Y, QQQ over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.