IBIT vs. QQQ
Compare and contrast key facts about iShares Bitcoin Trust (IBIT) and Invesco QQQ (QQQ).
IBIT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IBIT and QQQ 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: IBIT or QQQ.
Correlation
The correlation between IBIT and QQQ is 0.36, 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
IBIT vs. QQQ - Performance Comparison
Key characteristics
IBIT:
0.88
QQQ:
0.45
IBIT:
1.52
QQQ:
0.80
IBIT:
1.18
QQQ:
1.11
IBIT:
1.70
QQQ:
0.50
IBIT:
3.74
QQQ:
1.71
IBIT:
12.84%
QQQ:
6.68%
IBIT:
54.58%
QQQ:
25.28%
IBIT:
-28.22%
QQQ:
-82.98%
IBIT:
-11.28%
QQQ:
-12.31%
Returns By Period
In the year-to-date period, IBIT achieves a 1.56% return, which is significantly higher than QQQ's -7.46% return.
IBIT
1.56%
13.29%
35.82%
48.35%
N/A
N/A
QQQ
-7.46%
0.74%
-4.34%
10.28%
17.43%
16.75%
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IBIT vs. QQQ - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than QQQ's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IBIT vs. QQQ — Risk-Adjusted Performance Rank
IBIT
QQQ
IBIT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust (IBIT) and Invesco QQQ (QQQ). 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
IBIT vs. QQQ - Dividend Comparison
IBIT has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.63%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.63% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
IBIT vs. QQQ - Drawdown Comparison
The maximum IBIT drawdown since its inception was -28.22%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IBIT and QQQ. For additional features, visit the drawdowns tool.
Volatility
IBIT vs. QQQ - Volatility Comparison
iShares Bitcoin Trust (IBIT) and Invesco QQQ (QQQ) have volatilities of 16.66% and 16.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.