BTC-USD vs. TQQQ
BTC-USD (Bitcoin) is a cryptocurrency, while TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Over the past 10 years, BTC-USD returned 60.03%/yr vs 42.84%/yr for TQQQ. At a 0.13 correlation, their price movements are largely independent.
Performance
BTC-USD vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.31% return, which is significantly lower than TQQQ's 38.79% return. Over the past 10 years, BTC-USD has outperformed TQQQ with an annualized return of 60.03%, while TQQQ has yielded a comparatively lower 42.84% annualized return.
BTC-USD
- 1D
- 4.53%
- 1M
- -20.68%
- YTD
- -27.31%
- 6M
- -29.64%
- 1Y
- -39.78%
- 3Y*
- 33.88%
- 5Y*
- 13.75%
- 10Y*
- 60.03%
TQQQ
- 1D
- -14.28%
- 1M
- -4.23%
- YTD
- 38.79%
- 6M
- 30.51%
- 1Y
- 98.25%
- 3Y*
- 60.11%
- 5Y*
- 24.09%
- 10Y*
- 42.84%
BTC-USD vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.31% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
TQQQ ProShares UltraPro QQQ | 38.79% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between BTC-USD and TQQQ 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 | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.13 |
Over the past year, BTC-USD and TQQQ 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. TQQQ — Risk / Return Rank
BTC-USD
TQQQ
BTC-USD vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) 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.
| BTC-USD | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.33 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.83 | -3.60 |
| Martin ratioReturn relative to average drawdown | -1.39 | 9.20 | -10.59 |
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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 2.10 | -3.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.36 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.65 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.71 | +0.42 |
Drawdowns
BTC-USD vs. TQQQ - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for BTC-USD and TQQQ.
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Drawdown Indicators
| BTC-USD | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -81.66% | -3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -36.97% | -14.24% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -58.04% | +6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -81.66% | +4.99% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -81.66% | -2.14% |
Current DrawdownCurrent decline from peak | -49.00% | -16.25% | -32.75% |
Average DrawdownAverage peak-to-trough decline | -42.31% | -18.52% | -23.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.31% | 11.33% | +22.98% |
Volatility
BTC-USD vs. TQQQ - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 11.87%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.42%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than TQQQ 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 | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.87% | 20.42% | -8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 34.58% | 39.33% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.72% | 49.81% | -14.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.96% | 66.79% | -21.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 66.11% | -9.40% |
Frequently Asked Questions
BTC-USD and TQQQ 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.
TQQQ has higher volatility (20.42%) compared to BTC-USD (11.87%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs TQQQ's -81.66%.
TQQQ currently has the higher Sharpe Ratio (2.10 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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