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 0.23, 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:
2.58
TQQQ:
1.72
GBTC:
2.98
TQQQ:
2.15
GBTC:
1.36
TQQQ:
1.29
GBTC:
3.80
TQQQ:
1.90
GBTC:
9.61
TQQQ:
7.17
GBTC:
15.45%
TQQQ:
12.51%
GBTC:
57.49%
TQQQ:
52.25%
GBTC:
-89.91%
TQQQ:
-81.66%
GBTC:
0.00%
TQQQ:
-1.34%
Returns By Period
In the year-to-date period, GBTC achieves a 144.69% return, which is significantly higher than TQQQ's 83.48% return.
GBTC
144.69%
16.34%
48.15%
145.25%
58.84%
N/A
TQQQ
83.48%
23.93%
20.53%
85.86%
35.36%
36.79%
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Risk-Adjusted Performance
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 1.03%.
| TTM | 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% | 0.23% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.03% | 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
Grayscale Bitcoin Trust (BTC) (GBTC) has a higher volatility of 14.04% compared to ProShares UltraPro QQQ (TQQQ) at 10.01%. This indicates that GBTC's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.