BITO vs. QLD
Compare and contrast key facts about ProShares Bitcoin Strategy ETF (BITO) and ProShares Ultra QQQ (QLD).
BITO and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITO or QLD.
Correlation
The correlation between BITO and QLD is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITO vs. QLD - Performance Comparison
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Key characteristics
BITO:
32.35%
QLD:
49.83%
BITO:
0.00%
QLD:
-83.13%
BITO:
0.00%
QLD:
-22.53%
Returns By Period
BITO
N/A
N/A
N/A
N/A
N/A
N/A
QLD
-13.98%
14.33%
-15.77%
8.78%
25.80%
25.95%
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BITO vs. QLD - Expense Ratio Comparison
Both BITO and QLD have an expense ratio of 0.95%.
Risk-Adjusted Performance
BITO vs. QLD — Risk-Adjusted Performance Rank
BITO
QLD
BITO vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and ProShares Ultra QQQ (QLD). 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.
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Dividends
BITO vs. QLD - Dividend Comparison
BITO has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.26%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.26% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
Drawdowns
BITO vs. QLD - Drawdown Comparison
The maximum BITO drawdown since its inception was 0.00%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for BITO and QLD. For additional features, visit the drawdowns tool.
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Volatility
BITO vs. QLD - Volatility Comparison
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