BITU vs. SQQQ
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and ProShares UltraPro Short QQQ (SQQQ).
BITU and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both BITU and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BITU vs. SQQQ - Performance Comparison
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BITU vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | -48.47% | -37.07% | 37.90% |
SQQQ ProShares UltraPro Short QQQ | 13.75% | -53.05% | -37.71% |
Returns By Period
In the year-to-date period, BITU achieves a -48.47% return, which is significantly lower than SQQQ's 13.75% return.
BITU
- 1D
- -3.41%
- 1M
- -6.26%
- YTD
- -48.47%
- 6M
- -75.25%
- 1Y
- -58.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SQQQ
- 1D
- -0.21%
- 1M
- 6.93%
- YTD
- 13.75%
- 6M
- 7.42%
- 1Y
- -55.21%
- 3Y*
- -49.54%
- 5Y*
- -42.72%
- 10Y*
- -52.78%
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BITU vs. SQQQ - Expense Ratio Comparison
Both BITU and SQQQ have an expense ratio of 0.95%.
Return for Risk
BITU vs. SQQQ — Risk / Return Rank
BITU
SQQQ
BITU vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and ProShares UltraPro Short QQQ (SQQQ). 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.
| BITU | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.65 | -0.82 | +0.17 |
Sortino ratioReturn per unit of downside risk | -0.72 | -1.10 | +0.38 |
Omega ratioGain probability vs. loss probability | 0.92 | 0.85 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.75 | +0.02 |
Martin ratioReturn relative to average drawdown | -1.39 | -0.86 | -0.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITU | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | -0.82 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | -0.85 | +0.51 |
Correlation
The correlation between BITU and SQQQ is -0.43. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BITU vs. SQQQ - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 80.83%, more than SQQQ's 6.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 80.83% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 6.00% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
BITU vs. SQQQ - Drawdown Comparison
The maximum BITU drawdown since its inception was -77.76%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BITU and SQQQ.
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Drawdown Indicators
| BITU | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.76% | -100.00% | +22.24% |
Max Drawdown (1Y)Largest decline over 1 year | -77.76% | -75.23% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.96% | — |
Current DrawdownCurrent decline from peak | -76.95% | -100.00% | +23.05% |
Average DrawdownAverage peak-to-trough decline | -31.45% | -92.32% | +60.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.79% | 65.54% | -24.75% |
Volatility
BITU vs. SQQQ - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 21.92% compared to ProShares UltraPro Short QQQ (SQQQ) at 19.33%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITU | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.92% | 19.33% | +2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 73.90% | 38.20% | +35.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.15% | 67.34% | +22.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.50% | 66.63% | +32.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.50% | 65.96% | +33.54% |