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:
0.12
TQQQ:
-0.09
GBTC:
0.58
TQQQ:
0.27
GBTC:
1.07
TQQQ:
1.03
GBTC:
0.20
TQQQ:
-0.13
GBTC:
0.44
TQQQ:
-0.34
GBTC:
15.59%
TQQQ:
16.03%
GBTC:
55.58%
TQQQ:
58.55%
GBTC:
-89.91%
TQQQ:
-81.66%
GBTC:
-21.87%
TQQQ:
-38.15%
Returns By Period
In the year-to-date period, GBTC achieves a -10.59% return, which is significantly higher than TQQQ's -27.32% return.
GBTC
-10.59%
-0.65%
26.52%
4.76%
56.47%
N/A
TQQQ
-27.32%
-23.24%
-19.78%
-5.61%
38.18%
30.44%
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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.
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 1.72%.
| 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 | 1.72% | 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 16.56%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 24.32%. 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.