Correlation
The correlation between GBTC and TQQQ is 0.24, 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.
GBTC vs. TQQQ
Compare and contrast key facts about Grayscale Bitcoin Trust (BTC) (GBTC) and ProShares UltraPro QQQ (TQQQ).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBTC or TQQQ.
Performance
GBTC vs. TQQQ - Performance Comparison
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Key characteristics
GBTC:
1.08
TQQQ:
0.14
GBTC:
1.61
TQQQ:
0.71
GBTC:
1.19
TQQQ:
1.10
GBTC:
1.82
TQQQ:
0.16
GBTC:
4.03
TQQQ:
0.40
GBTC:
12.83%
TQQQ:
22.55%
GBTC:
52.86%
TQQQ:
75.92%
GBTC:
-89.91%
TQQQ:
-81.66%
GBTC:
-5.08%
TQQQ:
-24.09%
Returns By Period
In the year-to-date period, GBTC achieves a 12.48% return, which is significantly higher than TQQQ's -10.81% return. Over the past 10 years, GBTC has outperformed TQQQ with an annualized return of 75.56%, while TQQQ has yielded a comparatively lower 31.23% annualized return.
GBTC
12.48%
10.64%
8.38%
56.37%
70.13%
53.69%
75.56%
TQQQ
-10.81%
28.25%
-9.10%
10.25%
30.01%
28.73%
31.23%
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Risk-Adjusted Performance
GBTC vs. TQQQ — Risk-Adjusted Performance Rank
GBTC
TQQQ
GBTC vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Trust (BTC) (GBTC) 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.
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Dividends
GBTC vs. TQQQ - Dividend Comparison
GBTC has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.40%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.40% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
GBTC vs. TQQQ - Drawdown Comparison
The maximum GBTC drawdown since its inception was -89.91%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for GBTC and TQQQ.
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Volatility
GBTC vs. TQQQ - Volatility Comparison
The current volatility for Grayscale Bitcoin Trust (BTC) (GBTC) is 9.46%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.36%. This indicates that GBTC 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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