QCOM vs. BITO
QCOM (QUALCOMM Incorporated) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, QCOM returned 24.31%/yr vs 27.40%/yr for BITO. At a 0.31 correlation, their price movements are largely independent.
Performance
QCOM vs. BITO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QCOM achieves a 30.40% return, which is significantly higher than BITO's -25.13% return.
QCOM
- 1D
- 4.29%
- 1M
- 9.99%
- YTD
- 30.40%
- 6M
- 24.43%
- 1Y
- 45.72%
- 3Y*
- 24.31%
- 5Y*
- 12.76%
- 10Y*
- 18.41%
BITO
- 1D
- 4.62%
- 1M
- -16.16%
- YTD
- -25.13%
- 6M
- -23.76%
- 1Y
- -39.30%
- 3Y*
- 27.40%
- 5Y*
- —
- 10Y*
- —
QCOM vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QCOM QUALCOMM Incorporated | 30.40% | 13.84% | 8.31% | 35.07% | -38.58% | 41.07% |
BITO ProShares Bitcoin Strategy ETF | -25.13% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between QCOM and BITO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.31 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QCOM vs. BITO — Risk / Return Rank
QCOM
BITO
QCOM vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QUALCOMM Incorporated (QCOM) and ProShares Bitcoin Strategy ETF (BITO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QCOM | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.86 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | -0.74 | +2.13 |
| Martin ratioReturn relative to average drawdown | 3.08 | -1.29 | +4.37 |
Loading charts...
Drawdowns
QCOM vs. BITO - Drawdown Comparison
The maximum QCOM drawdown since its inception was -86.75%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for QCOM and BITO.
Loading charts...
Drawdown Indicators
| QCOM | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.75% | -77.86% | -8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -33.13% | -53.10% | +19.97% |
Max Drawdown (3Y)Largest decline over 3 years | -44.23% | -53.10% | +8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -44.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | — | — |
Current DrawdownCurrent decline from peak | -11.71% | -48.36% | +36.65% |
Average DrawdownAverage peak-to-trough decline | -32.87% | -36.80% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.90% | 30.47% | -15.57% |
Volatility
QCOM vs. BITO - Volatility Comparison
QUALCOMM Incorporated (QCOM) has a higher volatility of 26.79% compared to ProShares Bitcoin Strategy ETF (BITO) at 12.59%. This indicates that QCOM's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QCOM | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.79% | 12.59% | +14.20% |
Volatility (6M)Calculated over the trailing 6-month period | 42.38% | 34.54% | +7.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.72% | 44.17% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.22% | 55.08% | -13.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.31% | 55.08% | -15.77% |
Dividends
QCOM vs. BITO - Dividend Comparison
QCOM's dividend yield for the trailing twelve months is around 1.63%, less than BITO's 66.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 66.51% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCOM QUALCOMM Incorporated | 1.63% | 2.06% | 2.18% | 2.18% | 2.67% | 1.47% | 1.69% | 2.81% | 4.27% | 3.50% | 3.17% | 3.72% |
Frequently Asked Questions
QCOM and BITO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCOM has higher volatility (26.79%) compared to BITO (12.59%). In terms of maximum drawdown, QCOM dropped -86.75% vs BITO's -77.86%.
QCOM currently has the higher Sharpe Ratio (0.94 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for QCOM and BITO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer