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.
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.
Performance
GBTC vs. TQQQ - Performance Comparison
Key characteristics
GBTC:
1.81
TQQQ:
1.16
GBTC:
2.40
TQQQ:
1.66
GBTC:
1.29
TQQQ:
1.22
GBTC:
2.72
TQQQ:
1.47
GBTC:
6.74
TQQQ:
4.88
GBTC:
15.54%
TQQQ:
12.90%
GBTC:
57.87%
TQQQ:
54.21%
GBTC:
-89.91%
TQQQ:
-81.66%
GBTC:
-6.78%
TQQQ:
-13.01%
Returns By Period
In the year-to-date period, GBTC achieves a 6.69% return, which is significantly higher than TQQQ's 2.21% return.
GBTC
6.69%
-6.01%
37.75%
106.08%
51.22%
N/A
TQQQ
2.21%
-13.01%
9.79%
63.02%
27.53%
36.51%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 1.24%.
| 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% | 0.23% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.24% | 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. For additional features, visit the drawdowns tool.
Volatility
GBTC vs. TQQQ - Volatility Comparison
The current volatility for Grayscale Bitcoin Trust (BTC) (GBTC) is 15.79%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.37%. 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.