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BITU vs. SQQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BITU vs. SQQQ

Last updated Jun 4, 2026

BITU (Proshares Ultra Bitcoin ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross, while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past year, BITU returned -73.07% vs -65.16% for SQQQ. At a correlation of -0.43, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

BITU vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultra Bitcoin ETF (BITU) and ProShares UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BITU achieves a -52.92% return, which is significantly lower than SQQQ's -45.27% return.

BITU

1D
-5.58%
1M
-34.84%
YTD
-52.92%
6M
-59.11%
1Y
-73.07%
3Y*
—
5Y*
—
10Y*
—

SQQQ

1D
0.76%
1M
-26.37%
YTD
-45.27%
6M
-42.79%
1Y
-65.16%
3Y*
-56.19%
5Y*
-49.17%
10Y*
-56.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BITU vs. SQQQ - Yearly Performance Comparison

2026 (YTD)20252024
BITU
Proshares Ultra Bitcoin ETF		-52.92%-37.07%37.90%
SQQQ
ProShares UltraPro Short QQQ		-45.27%-53.05%-37.71%

Correlation

The correlation between BITU and SQQQ is -0.49, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.49

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2024

-0.43

BITU vs. SQQQ - Sectors Allocation Comparison

Sectors
BITU
SQQQ

Financial Services

4.2%
97.1%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

BITU
4.2%
SQQQ
97.1%

Basic Materials

BITU

-

SQQQ

-

Communication Services

BITU

-

SQQQ

-

Consumer Cyclical

BITU

-

SQQQ

-

Consumer Defensive

BITU

-

SQQQ

-

Energy

BITU

-

SQQQ

-

Healthcare

BITU

-

SQQQ

-

Industrials

BITU

-

SQQQ

-

Real Estate

BITU

-

SQQQ

-

Technology

BITU

-

SQQQ

-

Utilities

BITU

-

SQQQ

-

Compare stocks, funds, or ETFs

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Proshares Ultra Bitcoin ETF

ProShares UltraPro Short QQQ

Often compared with BITU:
BITU vs. BITXBITU vs. BITOBITU vs. IBITBITU vs. BTC-USDBITU vs. MSTRBITU vs. CONLBITU vs. BITB
Often compared with SQQQ:
SQQQ vs. TQQQSQQQ vs. QQQSQQQ vs. PSQSQQQ vs. SOXSSQQQ vs. UVXYSQQQ vs. SPXUSQQQ vs. QID

Return for Risk

BITU vs. SQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BITU
BITU Risk / Return Rank: 22
Overall Rank
BITU Sharpe Ratio Rank: 22
Sharpe Ratio Rank
BITU Sortino Ratio Rank: 22
Sortino Ratio Rank
BITU Omega Ratio Rank: 22
Omega Ratio Rank
BITU Calmar Ratio Rank: 11
Calmar Ratio Rank
BITU Martin Ratio Rank: 11
Martin Ratio Rank
SQQQ
SQQQ Risk / Return Rank: 00
Overall Rank
SQQQ Sharpe Ratio Rank: 00
Sharpe Ratio Rank
SQQQ Sortino Ratio Rank: 00
Sortino Ratio Rank
SQQQ Omega Ratio Rank: 00
Omega Ratio Rank
SQQQ Calmar Ratio Rank: 00
Calmar Ratio Rank
SQQQ Martin Ratio Rank: 00
Martin Ratio Rank
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.

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.

BITUSQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.84
-1.37

+0.53

Sortino ratioReturn per unit of downside risk
-1.44
-2.63

+1.19

Omega ratioGain probability vs. loss probability

0.84

0.72

+0.12

Calmar ratioReturn relative to maximum drawdown

-0.93

-0.99

+0.06

Martin ratioReturn relative to average drawdown

-1.47

-1.82

+0.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITU vs. SQQQ - Sharpe Ratio Comparison

The current BITU Sharpe Ratio is -0.84, which is higher than the SQQQ Sharpe Ratio of -1.37. The chart below compares the historical Sharpe Ratios of BITU and SQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

BITUSQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.84

-1.37

+0.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

-0.74

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.35

-0.88

+0.53

Drawdowns

BITU vs. SQQQ - Drawdown Comparison

The maximum BITU drawdown since its inception was -78.94%, 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

BITUSQQQDifference

Max Drawdown

Largest peak-to-trough decline

-78.94%

-100.00%

+21.06%

Max Drawdown (1Y)

Largest decline over 1 year

-78.94%

-65.95%

-12.99%

Max Drawdown (3Y)

Largest decline over 3 years

—

-92.38%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-97.23%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-99.98%

—

Current Drawdown

Current decline from peak

-78.94%

-100.00%

+21.06%

Average Drawdown

Average peak-to-trough decline

-34.49%

-92.40%

+57.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

49.84%

35.73%

+14.11%

Volatility

BITU vs. SQQQ - Volatility Comparison

Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 18.99% compared to ProShares UltraPro Short QQQ (SQQQ) at 13.75%. 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.

Loading charts...

Volatility by Period

BITUSQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

18.99%

13.75%

+5.24%

Volatility (6M)

Calculated over the trailing 6-month period

69.41%

36.45%

+32.96%

Volatility (1Y)

Calculated over the trailing 1-year period

87.00%

47.79%

+39.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

97.45%

66.64%

+30.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

97.45%

66.11%

+31.34%

BITU vs. SQQQ - Expense Ratio Comparison

Both BITU and SQQQ have an expense ratio of 0.95%.

Dividends

BITU vs. SQQQ - Dividend Comparison

BITU's dividend yield for the trailing twelve months is around 83.36%, more than SQQQ's 12.48% yield.

PositionTTM202520242023202220212020201920182017
BITU
Proshares Ultra Bitcoin ETF		83.36%50.23%0.12%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SQQQ
ProShares UltraPro Short QQQ		12.48%9.36%10.23%8.01%0.28%0.00%2.15%2.92%1.47%0.14%

Frequently Asked Questions

BITU and SQQQ have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BITU has higher volatility (18.99%) compared to SQQQ (13.75%). In terms of maximum drawdown, BITU dropped -78.94% vs SQQQ's -100.00%.

On 1-year performance, SQQQ leads with -65.16% vs -73.07% for BITU. Both ETFs have the same 0.95% expense ratio. On volatility, SQQQ has been the lower-risk option at 13.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, SQQQ has performed better with a -65.16% return vs -73.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BITU and SQQQ have the same expense ratio: 0.95% per year.

BITU has the higher dividend yield at 83.36%, compared with 12.48% for SQQQ.

BITU is categorized as Cryptocurrency, while SQQQ is Leveraged Equities. BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross, while SQQQ tracks NASDAQ-100 Index (-300%).

BITU currently has the higher Sharpe Ratio (-0.84 vs -1.37), 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.

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