BTOP vs. QQQI
Compare and contrast key facts about Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and NEOS Nasdaq 100 High Income ETF (QQQI).
BTOP and QQQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTOP is an actively managed fund by Bitwise. It was launched on Sep 29, 2023. QQQI is an actively managed fund by Neos. It was launched on Jan 30, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTOP or QQQI.
Correlation
The correlation between BTOP and QQQI is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTOP vs. QQQI - Performance Comparison
Key characteristics
BTOP:
-0.47
QQQI:
0.57
BTOP:
-0.26
QQQI:
0.95
BTOP:
0.95
QQQI:
1.14
BTOP:
-0.48
QQQI:
0.61
BTOP:
-0.83
QQQI:
2.28
BTOP:
37.28%
QQQI:
5.37%
BTOP:
64.92%
QQQI:
21.20%
BTOP:
-64.20%
QQQI:
-20.00%
BTOP:
-52.36%
QQQI:
-7.22%
Returns By Period
In the year-to-date period, BTOP achieves a -10.13% return, which is significantly lower than QQQI's -2.49% return.
BTOP
-10.13%
30.81%
-34.99%
-30.18%
N/A
N/A
QQQI
-2.49%
4.64%
-1.35%
12.10%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BTOP vs. QQQI - Expense Ratio Comparison
BTOP has a 0.90% expense ratio, which is higher than QQQI's 0.68% expense ratio.
Risk-Adjusted Performance
BTOP vs. QQQI — Risk-Adjusted Performance Rank
BTOP
QQQI
BTOP vs. QQQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and NEOS Nasdaq 100 High Income ETF (QQQI). 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.
Dividends
BTOP vs. QQQI - Dividend Comparison
BTOP's dividend yield for the trailing twelve months is around 66.14%, more than QQQI's 14.99% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 66.14% | 59.44% | 5.82% |
QQQI NEOS Nasdaq 100 High Income ETF | 14.99% | 12.85% | 0.00% |
Drawdowns
BTOP vs. QQQI - Drawdown Comparison
The maximum BTOP drawdown since its inception was -64.20%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for BTOP and QQQI. For additional features, visit the drawdowns tool.
Volatility
BTOP vs. QQQI - Volatility Comparison
Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) has a higher volatility of 14.13% compared to NEOS Nasdaq 100 High Income ETF (QQQI) at 7.31%. This indicates that BTOP's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.