QLD vs. BITO
Compare and contrast key facts about ProShares Ultra QQQ (QLD) and ProShares Bitcoin Strategy ETF (BITO).
QLD and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
QLD vs. BITO - Performance Comparison
Loading graphics...
QLD vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | -11.23% | 30.36% | 42.82% | 117.72% | -60.52% | 11.32% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, QLD achieves a -11.23% return, which is significantly higher than BITO's -22.79% return.
QLD
- 1D
- 2.44%
- 1M
- -8.26%
- YTD
- -11.23%
- 6M
- -9.73%
- 1Y
- 38.72%
- 3Y*
- 36.50%
- 5Y*
- 15.83%
- 10Y*
- 29.71%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QLD vs. BITO - Expense Ratio Comparison
Both QLD and BITO have an expense ratio of 0.95%.
Return for Risk
QLD vs. BITO — Risk / Return Rank
QLD
BITO
QLD vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ (QLD) 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.
| QLD | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | -0.52 | +1.38 |
Sortino ratioReturn per unit of downside risk | 1.46 | -0.50 | +1.96 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.94 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | -0.42 | +2.05 |
Martin ratioReturn relative to average drawdown | 5.27 | -0.89 | +6.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| QLD | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | -0.52 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.08 | +0.61 |
Correlation
The correlation between QLD and BITO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QLD vs. BITO - Dividend Comparison
QLD's dividend yield for the trailing twelve months is around 0.19%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLD vs. BITO - Drawdown Comparison
The maximum QLD drawdown since its inception was -83.13%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for QLD and BITO.
Loading graphics...
Drawdown Indicators
| QLD | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.13% | -77.86% | -5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -25.13% | -50.05% | +24.92% |
Max Drawdown (5Y)Largest decline over 5 years | -63.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.68% | — | — |
Current DrawdownCurrent decline from peak | -18.15% | -46.75% | +28.60% |
Average DrawdownAverage peak-to-trough decline | -18.30% | -36.57% | +18.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 23.73% | -15.98% |
Volatility
QLD vs. BITO - Volatility Comparison
ProShares Ultra QQQ (QLD) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 13.16% and 12.84%, 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.
Loading graphics...
Volatility by Period
| QLD | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 12.84% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 25.67% | 36.71% | -11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.97% | 45.32% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.76% | 55.77% | -11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.47% | 55.77% | -11.30% |