HODL vs. TQQQ
Compare and contrast key facts about VanEck Bitcoin Trust (HODL) and ProShares UltraPro QQQ (TQQQ).
HODL and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HODL is a passively managed fund by VanEck that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 4, 2024. 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. Both HODL and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HODL or TQQQ.
Key characteristics
| HODL | TQQQ | |
|---|---|---|
| Daily Std Dev | 56.36% | 52.07% |
| Max Drawdown | -27.51% | -81.66% |
| Current Drawdown | 0.00% | -3.47% |
Correlation
The correlation between HODL and TQQQ is 0.30, 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
HODL vs. TQQQ - Performance Comparison
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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HODL vs. TQQQ - Expense Ratio Comparison
HODL has a 0.25% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
HODL vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Trust (HODL) 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.
Not enough dataDividends
HODL vs. TQQQ - Dividend Comparison
HODL has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
HODL vs. TQQQ - Drawdown Comparison
The maximum HODL drawdown since its inception was -27.51%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for HODL and TQQQ. For additional features, visit the drawdowns tool.
Volatility
HODL vs. TQQQ - Volatility Comparison
The current volatility for VanEck Bitcoin Trust (HODL) is 14.69%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.47%. This indicates that HODL 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.