BCHG vs. QQQ
Compare and contrast key facts about Grayscale Bitcoin Cash Trust (BCHG) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHG or QQQ.
Correlation
The correlation between BCHG and QQQ is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BCHG vs. QQQ - Performance Comparison
Key characteristics
BCHG:
-0.72
QQQ:
0.50
BCHG:
-1.34
QQQ:
0.87
BCHG:
0.86
QQQ:
1.12
BCHG:
-0.83
QQQ:
0.56
BCHG:
-1.40
QQQ:
1.89
BCHG:
56.86%
QQQ:
6.72%
BCHG:
111.15%
QQQ:
25.24%
BCHG:
-99.36%
QQQ:
-82.98%
BCHG:
-94.80%
QQQ:
-11.73%
Returns By Period
In the year-to-date period, BCHG achieves a -44.19% return, which is significantly lower than QQQ's -6.84% return.
BCHG
-44.19%
10.36%
-70.99%
-75.94%
N/A
N/A
QQQ
-6.84%
1.41%
-4.63%
10.56%
17.60%
16.82%
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Risk-Adjusted Performance
BCHG vs. QQQ — Risk-Adjusted Performance Rank
BCHG
QQQ
BCHG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Cash Trust (BCHG) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BCHG vs. QQQ - Dividend Comparison
BCHG has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.63%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCHG Grayscale Bitcoin Cash Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
BCHG vs. QQQ - Drawdown Comparison
The maximum BCHG drawdown since its inception was -99.36%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for BCHG and QQQ. For additional features, visit the drawdowns tool.
Volatility
BCHG vs. QQQ - Volatility Comparison
Grayscale Bitcoin Cash Trust (BCHG) has a higher volatility of 33.91% compared to Invesco QQQ (QQQ) at 16.64%. This indicates that BCHG's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.