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BITQ vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BITQ and TQQQ is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

BITQ vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
-1.65%
78.72%
BITQ
TQQQ

Key characteristics

Sharpe Ratio

BITQ:

1.03

TQQQ:

1.37

Sortino Ratio

BITQ:

1.82

TQQQ:

1.84

Omega Ratio

BITQ:

1.20

TQQQ:

1.25

Calmar Ratio

BITQ:

0.98

TQQQ:

1.55

Martin Ratio

BITQ:

4.15

TQQQ:

5.79

Ulcer Index

BITQ:

17.62%

TQQQ:

12.58%

Daily Std Dev

BITQ:

70.86%

TQQQ:

53.25%

Max Drawdown

BITQ:

-90.32%

TQQQ:

-81.66%

Current Drawdown

BITQ:

-42.32%

TQQQ:

-11.00%

Returns By Period

The year-to-date returns for both investments are quite close, with BITQ having a 62.73% return and TQQQ slightly higher at 65.52%.


BITQ

YTD

62.73%

1M

-9.15%

6M

37.46%

1Y

62.73%

5Y*

N/A

10Y*

N/A

TQQQ

YTD

65.52%

1M

6.50%

6M

12.39%

1Y

66.67%

5Y*

32.06%

10Y*

35.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BITQ vs. TQQQ - Expense Ratio Comparison

BITQ has a 0.85% expense ratio, which is lower than TQQQ's 0.95% expense ratio.


TQQQ
ProShares UltraPro QQQ
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for BITQ: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%

Risk-Adjusted Performance

BITQ vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and ProShares UltraPro QQQ (TQQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for BITQ, currently valued at 1.03, compared to the broader market0.002.004.001.031.37
The chart of Sortino ratio for BITQ, currently valued at 1.82, compared to the broader market-2.000.002.004.006.008.0010.001.821.84
The chart of Omega ratio for BITQ, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.001.201.25
The chart of Calmar ratio for BITQ, currently valued at 0.98, compared to the broader market0.005.0010.0015.000.981.55
The chart of Martin ratio for BITQ, currently valued at 4.15, compared to the broader market0.0020.0040.0060.0080.00100.004.155.79
BITQ
TQQQ

The current BITQ Sharpe Ratio is 1.03, which is comparable to the TQQQ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of BITQ and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.03
1.37
BITQ
TQQQ

Dividends

BITQ vs. TQQQ - Dividend Comparison

BITQ's dividend yield for the trailing twelve months is around 0.93%, more than TQQQ's 0.88% yield.


TTM2023202220212020201920182017201620152014
BITQ
Bitwise Crypto Industry Innovators ETF
0.93%1.51%0.00%3.12%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
0.88%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

BITQ vs. TQQQ - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BITQ and TQQQ. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-42.32%
-11.00%
BITQ
TQQQ

Volatility

BITQ vs. TQQQ - Volatility Comparison

Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 23.11% compared to ProShares UltraPro QQQ (TQQQ) at 16.08%. This indicates that BITQ's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
23.11%
16.08%
BITQ
TQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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