BITS vs. BITQ

Last updated Jun 4, 2026

BITS (Global X Blockchain & Bitcoin Strategy ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - BITS is a Cryptocurrency fund tracking the NONE, while BITQ is a Technology Equities fund tracking the Bitwise Crypto Innovators 30 Total Return. Both are passively managed. Over the past 3 years, BITS returned 49.59%/yr vs 58.56%/yr for BITQ. Their correlation of 0.93 suggests significant overlap in exposure. BITS charges 0.65%/yr vs 0.85%/yr for BITQ.

Performance

BITS vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITS achieves a 4.17% return, which is significantly lower than BITQ's 39.79% return.

BITS

• 1D: -2.94%
• 1M: -1.76%
• YTD: 4.17%
• 6M: -6.53%
• 1Y: 19.33%
• 3Y*: 49.59%
• 5Y*: —
• 10Y*: —

BITQ

• 1D: -2.21%
• 1M: 11.04%
• YTD: 39.79%
• 6M: 21.39%
• 1Y: 60.30%
• 3Y*: 58.56%
• 5Y*: 5.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITS vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	4.17%	14.90%	61.84%	212.23%	-75.46%	-29.31%
BITQ Bitwise Crypto Industry Innovators ETF	39.79%	18.00%	46.97%	246.83%	-83.86%	-31.88%

Correlation

The correlation between BITS and BITQ is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.93

The correlation between BITS and BITQ has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

BITS vs. BITQ - Sectors Allocation Comparison

Sectors	BITS	BITQ
Financial Services	72.9%	67.1%
Technology	27.1%	28.1%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	4.8%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BITS vs. BITQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITS

BITS Risk / Return Rank: 15
BITS Sharpe Ratio Rank: 14
BITS Sortino Ratio Rank: 17
BITS Omega Ratio Rank: 16
BITS Calmar Ratio Rank: 14
BITS Martin Ratio Rank: 12

BITQ

BITQ Risk / Return Rank: 28
BITQ Sharpe Ratio Rank: 29
BITQ Sortino Ratio Rank: 31
BITQ Omega Ratio Rank: 29
BITQ Calmar Ratio Rank: 27
BITQ Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITS vs. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.

	BITS	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	0.37	1.08	-0.71
Sortino ratio: Return per unit of downside risk	0.86	1.68	-0.82
Omega ratio: Gain probability vs. loss probability	1.10	1.20	-0.10
Calmar ratio: Return relative to maximum drawdown	0.40	1.35	-0.95
Martin ratio: Return relative to average drawdown	0.75	2.84	-2.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITS vs. BITQ - Sharpe Ratio Comparison

The current BITS Sharpe Ratio is 0.37, which is lower than the BITQ Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of BITS and BITQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BITS	BITQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	1.08	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.07	-0.05

Drawdowns

BITS vs. BITQ - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for BITS and BITQ.

Drawdown Indicators

	BITS	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-83.11%	-90.32%	+7.21%
Max Drawdown (1Y) Largest decline over 1 year	-48.38%	-44.99%	-3.39%
Max Drawdown (3Y) Largest decline over 3 years	-48.38%	-51.22%	+2.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-90.32%	—
Current Drawdown Current decline from peak	-31.42%	-14.06%	-17.36%
Average Drawdown Average peak-to-trough decline	-42.76%	-52.80%	+10.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.68%	21.32%	+4.36%

Volatility

BITS vs. BITQ - Volatility Comparison

The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 12.83%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 14.73%. This indicates that BITS experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITS	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.83%	14.73%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	40.38%	42.74%	-2.36%
Volatility (1Y) Calculated over the trailing 1-year period	52.55%	56.05%	-3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.91%	67.17%	-6.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.91%	67.23%	-6.32%

BITS vs. BITQ - Expense Ratio Comparison

BITS has a 0.65% expense ratio, which is lower than BITQ's 0.85% expense ratio.

Dividends

BITS vs. BITQ - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 21.88%, while BITQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
BITS Global X Blockchain & Bitcoin Strategy ETF	21.88%	22.80%	29.49%	13.69%	0.48%	1.90%

Frequently Asked Questions

Can I hold both BITS and BITQ in my portfolio?

With a correlation of 0.94, BITS and BITQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BITS or BITQ?

BITQ has higher volatility (14.73%) compared to BITS (12.83%). In terms of maximum drawdown, BITS dropped -83.11% vs BITQ's -90.32%.

Which ETF is better, BITS or BITQ?

On 3-year performance, BITQ leads with 58.56% vs 49.59% for BITS. On fees, BITS is cheaper at 0.65% per year. On volatility, BITS has been the lower-risk option at 12.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITS or BITQ?

Over the 3-year period, BITQ has performed better with a 58.56% return vs 49.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITS or BITQ?

BITS is cheaper with a 0.65% expense ratio, compared with 0.85% for BITQ.

Which ETF pays a higher dividend yield, BITS or BITQ?

BITS has the higher dividend yield at 21.88%, compared with 0.00% for BITQ.

What is the main difference between BITS and BITQ?

BITS is categorized as Cryptocurrency, while BITQ is Technology Equities. BITS tracks NONE, while BITQ tracks Bitwise Crypto Innovators 30 Total Return. They also come from different issuers: Global X and Exchange Traded Concepts. Their fees differ too: 0.65% for BITS and 0.85% for BITQ.

Which has better risk-adjusted returns?

BITQ currently has the higher Sharpe Ratio (1.08 vs 0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.