BTC-USD vs. QQQ
BTC-USD (Bitcoin) is a cryptocurrency, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, BTC-USD returned 59.37%/yr vs 21.27%/yr for QQQ. At a 0.13 correlation, their price movements are largely independent.
Performance
BTC-USD vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -29.97% return, which is significantly lower than QQQ's 14.92% return. Over the past 10 years, BTC-USD has outperformed QQQ with an annualized return of 59.37%, while QQQ has yielded a comparatively lower 21.27% annualized return.
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
QQQ
- 1D
- -4.80%
- 1M
- 1.34%
- YTD
- 14.92%
- 6M
- 13.01%
- 1Y
- 35.00%
- 3Y*
- 26.46%
- 5Y*
- 16.70%
- 10Y*
- 21.27%
BTC-USD vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
QQQ Invesco QQQ ETF | 14.92% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between BTC-USD and QQQ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | 0.13 |
Over the past year, BTC-USD and QQQ have become more correlated (0.38) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
BTC-USD vs. QQQ — Risk / Return Rank
BTC-USD
QQQ
BTC-USD vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and Invesco QQQ ETF (QQQ). 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.
| BTC-USD | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.37 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.94 | -3.72 |
| Martin ratioReturn relative to average drawdown | -1.39 | 11.22 | -12.62 |
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
| BTC-USD | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 2.11 | -3.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.75 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.95 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.40 | +0.72 |
Drawdowns
BTC-USD vs. QQQ - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BTC-USD and QQQ.
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Drawdown Indicators
| BTC-USD | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -82.97% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -50.87% | -11.96% | -38.91% |
Max Drawdown (3Y)Largest decline over 3 years | -50.87% | -22.77% | -28.10% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -35.12% | -41.55% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -35.12% | -48.68% |
Current DrawdownCurrent decline from peak | -50.87% | -5.51% | -45.36% |
Average DrawdownAverage peak-to-trough decline | -42.29% | -32.78% | -9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.02% | 3.13% | +30.89% |
Volatility
BTC-USD vs. QQQ - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 10.54% compared to Invesco QQQ ETF (QQQ) at 6.68%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTC-USD | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 6.68% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 34.26% | 13.12% | +21.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.65% | 16.69% | +18.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.98% | 22.47% | +22.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.70% | 22.34% | +34.36% |
Frequently Asked Questions
BTC-USD and QQQ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (10.54%) compared to QQQ (6.68%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (2.11 vs -0.93), 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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