GFOF vs. TQQQ

Last updated Jun 4, 2026

GFOF (Grayscale Future of Finance ETF) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. GFOF charges 0.70%/yr vs 0.95%/yr for TQQQ.

Performance

GFOF vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Future of Finance ETF (GFOF) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TQQQ

• 1D: -0.76%
• 1M: 33.35%
• YTD: 64.46%
• 6M: 55.93%
• 1Y: 137.89%
• 3Y*: 69.49%
• 5Y*: 28.37%
• 10Y*: 45.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GFOF vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	60.08%	145.49%	-68.58%
TQQQ ProShares UltraPro QQQ	64.46%	34.35%	58.27%	198.04%	-73.04%

Correlation

The correlation between GFOF and TQQQ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022	0.52

The correlation between GFOF and TQQQ shifts across timeframes, from 0.29 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.

GFOF vs. TQQQ - Sectors Allocation Comparison

Sectors	GFOF	TQQQ
Financial Services	57.4%	0.2%
Technology	22.8%	53.8%
Healthcare	8.5%	4.2%
Industrials	3.4%	2.8%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

GFOF vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 65
TQQQ Omega Ratio Rank: 65
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFOF vs. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Future of Finance ETF (GFOF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GFOF	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.92	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.74	—

Drawdowns

Drawdown Indicators

	GFOF	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-81.66%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-36.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-58.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-81.66%	—
Current Drawdown Current decline from peak	—	-0.76%	—
Average Drawdown Average peak-to-trough decline	—	-18.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.28%	—

Volatility

Volatility by Period

	GFOF	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	36.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	47.60%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	66.53%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	65.96%	—

GFOF vs. TQQQ - Expense Ratio Comparison

GFOF has a 0.70% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

GFOF vs. TQQQ - Dividend Comparison

GFOF has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.36%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both GFOF and TQQQ in my portfolio?

GFOF and TQQQ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GFOF or TQQQ?

On fees, GFOF is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GFOF or TQQQ?

GFOF is cheaper with a 0.70% expense ratio, compared with 0.95% for TQQQ.

Which ETF pays a higher dividend yield, GFOF or TQQQ?

TQQQ has the higher dividend yield at 0.36%, compared with 0.00% for GFOF.

What is the main difference between GFOF and TQQQ?

GFOF is categorized as Blockchain, while TQQQ is Leveraged Equities. GFOF tracks Bloomberg Grayscale Future of Finance Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Grayscale and ProShares. Their fees differ too: 0.70% for GFOF and 0.95% for TQQQ.