OWNB vs QQQ
Bitwise Bitcoin Standard Corporations ETF vs Invesco QQQ Trust, Series 1
Which is better, OWNB or QQQ?
Mid Cap Growth against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 72.3%.
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 | OWNB | QQQ |
|---|---|---|
| Expense Ratio | 0.85% | 0.18%Best |
| AUM | $13M | $437.3B |
| Dividend Yield | 1.05% | 0.43% |
| Holdings | 53 | 208 |
| YTD Return | -26.56% | +10.43%Best |
| 1Y Return | -44.83% | +8.78%Best |
| 3Y Return (annualized) | - | +22.14% |
| 5Y Return (annualized) | - | +12.29% |
| Volatility (annualized) | 52.6% | 19.7%Best |
| Max Drawdown | -59.5% | -15.7%Best |
| $10,000 over 1.7 years | $7,488 | $14,534Best |
| Top 10 Weight | 72.3% | 46.9%Best |
| Fund Family | Bitwise | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Growth |
| Inception | Mar 10, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Mar 11, 2025 to Nov 10, 2026 (1.7 years).
OWNB 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 1.7 years both funds cover.
OWNB vs QQQ Performance
Bitwise Bitcoin Standard Corporations ETF (OWNB) is an ETF from Bitwise and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year OWNB returned -44.83% while QQQ returned +8.78%. Year to date, OWNB is down 26.56% versus a gain of 10.43% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OWNB has been the more volatile fund, with annualized monthly volatility of 52.6% compared with 19.7% 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 -59.5% for OWNB and -15.7% 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OWNB charges 0.85% per year while QQQ charges 0.18%. On a $10,000 position that is $85 vs $18 annually, a gap of $67 per year that compounds over a long holding period. On income, OWNB currently yields 1.05% against 0.43% for QQQ.
Holdings Overlap
25.3% of OWNB's money is in holdings QQQ also owns. 5.9% of QQQ's money is in holdings OWNB also owns.
OWNB and QQQ share little of their money.
3 positions in common, counted across the 23 positions we hold weights for in OWNB and 101 in QQQ, against full books of 53 and 208.
What only one of them owns
Our book lists 91 positions for QQQ that do not appear in our book for OWNB (91.3% of the fund), and 17 for OWNB that do not appear in QQQ (54.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
25.3% of OWNB is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OWNB or QQQ?
OWNB has an expense ratio of 0.85% while QQQ charges 0.18%. QQQ is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, OWNB or QQQ?
Over the past year OWNB returned -44.83% vs +8.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), OWNB annualized -15.65% vs +24.60% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OWNB or QQQ?
OWNB has been the more volatile fund at 52.6% annualized versus 19.7% for QQQ. Worst drawdown: OWNB -59.5% vs QQQ -15.7%.
Should I hold both OWNB and QQQ?
OWNB and QQQ have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between OWNB and QQQ?
25.3% of OWNB's money is in holdings QQQ also owns. 5.9% of QQQ's is in holdings OWNB also owns. They hold 3 positions in common, counted across the 23 positions we hold weights for in OWNB and 101 in QQQ.
Which pays a higher dividend, OWNB or QQQ?
OWNB yields 1.05% while QQQ yields 0.43%, so OWNB currently pays the higher dividend yield.
Is QQQ better than OWNB?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.9% of the fund in its ten largest positions against 72.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.