QQDN vs. BITO
QQDN (ProShares UltraShort QQQ Mega) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - QQDN is a Inverse Equities fund tracking the Nasdaq-100 Mega Index, while BITO is a Cryptocurrency fund actively managed by ProShares. QQDN is passively managed, while BITO is actively managed. At a correlation of -0.46, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
QQDN vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, QQDN achieves a -17.46% return, which is significantly higher than BITO's -28.44% return.
QQDN
- 1D
- -0.14%
- 1M
- -6.55%
- YTD
- -17.46%
- 6M
- -13.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.81%
- 1M
- -22.52%
- YTD
- -28.44%
- 6M
- -32.46%
- 1Y
- -41.98%
- 3Y*
- 26.82%
- 5Y*
- —
- 10Y*
- —
QQDN vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQDN ProShares UltraShort QQQ Mega | -17.46% | -34.14% |
BITO ProShares Bitcoin Strategy ETF | -28.44% | -20.22% |
Correlation
The correlation between QQDN and BITO is -0.46, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | -0.46 |
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Return for Risk
QQDN vs. BITO — Risk / Return Rank
QQDN
BITO
QQDN vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QQDN | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | -0.10 | -1.11 |
Drawdowns
QQDN vs. BITO - Drawdown Comparison
The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for QQDN and BITO.
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Drawdown Indicators
| QQDN | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.19% | -77.86% | +27.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.64% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.64% | — |
Current DrawdownCurrent decline from peak | -47.00% | -50.64% | +3.64% |
Average DrawdownAverage peak-to-trough decline | -30.23% | -36.75% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.27% | — |
Volatility
QQDN vs. BITO - Volatility Comparison
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Volatility by Period
| QQDN | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.51% | 43.61% | -5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.51% | 55.10% | -16.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.51% | 55.10% | -16.59% |
QQDN vs. BITO - Expense Ratio Comparison
Both QQDN and BITO have an expense ratio of 0.95%.
Dividends
QQDN vs. BITO - Dividend Comparison
QQDN's dividend yield for the trailing twelve months is around 4.93%, less than BITO's 69.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 69.59% | 78.29% | 61.59% | 15.14% |
QQDN ProShares UltraShort QQQ Mega | 4.93% | 3.42% | 0.00% | 0.00% |
Frequently Asked Questions
QQDN and BITO have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQDN and BITO have the same expense ratio: 0.95% per year.
BITO has the higher dividend yield at 69.59%, compared with 4.93% for QQDN.
QQDN is categorized as Inverse Equities, while BITO is Cryptocurrency.
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