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.
Key characteristics
| GBTC | TQQQ | |
|---|---|---|
| YTD Return | 110.31% | 48.06% |
| 1Y Return | 151.20% | 74.81% |
| 3Y Return (Ann) | 15.70% | -3.14% |
| 5Y Return (Ann) | 48.07% | 32.55% |
| Sharpe Ratio | 2.47 | 1.45 |
| Sortino Ratio | 2.90 | 1.92 |
| Omega Ratio | 1.35 | 1.26 |
| Calmar Ratio | 2.96 | 1.47 |
| Martin Ratio | 9.36 | 6.04 |
| Ulcer Index | 15.45% | 12.43% |
| Daily Std Dev | 58.61% | 51.88% |
| Max Drawdown | -89.91% | -81.66% |
| Current Drawdown | 0.00% | -13.36% |
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
In the year-to-date period, GBTC achieves a 110.31% return, which is significantly higher than TQQQ's 48.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 1.28%.
| 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 | 1.28% | 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 18.35% compared to ProShares UltraPro QQQ (TQQQ) at 16.89%. 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.