BITU vs. TQQQ
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and ProShares UltraPro QQQ (TQQQ).
BITU and TQQQ 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. TQQQ 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 TQQQ 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. TQQQ - Performance Comparison
Loading graphics...
BITU vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | -46.65% | -37.07% | 37.90% |
TQQQ ProShares UltraPro QQQ | -17.87% | 34.35% | 32.64% |
Returns By Period
In the year-to-date period, BITU achieves a -46.65% return, which is significantly lower than TQQQ's -17.87% return.
BITU
- 1D
- 0.89%
- 1M
- -5.67%
- YTD
- -46.65%
- 6M
- -72.88%
- 1Y
- -55.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BITU vs. TQQQ - Expense Ratio Comparison
Both BITU and TQQQ have an expense ratio of 0.95%.
Return for Risk
BITU vs. TQQQ — Risk / Return Rank
BITU
TQQQ
BITU vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) 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.
| BITU | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.61 | 0.72 | -1.34 |
Sortino ratioReturn per unit of downside risk | -0.59 | 1.41 | -2.00 |
Omega ratioGain probability vs. loss probability | 0.93 | 1.20 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.41 | -2.08 |
Martin ratioReturn relative to average drawdown | -1.29 | 4.28 | -5.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BITU | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | 0.72 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | 0.65 | -0.97 |
Correlation
The correlation between BITU and TQQQ is 0.43, 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.
Dividends
BITU vs. TQQQ - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 78.08%, more than TQQQ's 0.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 78.08% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
BITU vs. TQQQ - Drawdown Comparison
The maximum BITU drawdown since its inception was -77.76%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BITU and TQQQ.
Loading graphics...
Drawdown Indicators
| BITU | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.76% | -81.66% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -77.76% | -36.97% | -40.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -81.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -76.14% | -28.08% | -48.06% |
Average DrawdownAverage peak-to-trough decline | -31.36% | -18.66% | -12.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.50% | 12.13% | +28.37% |
Volatility
BITU vs. TQQQ - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 26.02% compared to ProShares UltraPro QQQ (TQQQ) at 19.74%. This indicates that BITU'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.
Loading graphics...
Volatility by Period
| BITU | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.02% | 19.74% | +6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 74.12% | 38.50% | +35.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.32% | 67.35% | +22.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 99.57% | 66.53% | +33.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.57% | 65.83% | +33.74% |