QQDN vs. BITU
QQDN (ProShares UltraShort QQQ Mega) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - QQDN is a Inverse Equities fund tracking the Nasdaq-100 Mega Index, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, QQDN returned -33.23% vs -78.13% for BITU. Their -0.44 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
QQDN vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, QQDN achieves a -13.18% return, which is significantly higher than BITU's -58.54% return.
QQDN
- 1D
- -5.15%
- 1M
- -7.09%
- 6M
- -15.46%
- YTD
- -13.18%
- 1Y
- -33.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -39.24%
BITU
- 1D
- -5.81%
- 1M
- 2.83%
- 6M
- -53.44%
- YTD
- -58.54%
- 1Y
- -78.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -34.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.79M | $39.32M | $47.38M | |
| $29.10K | $31.97K | $57.01K |
QQDN vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQDN ProShares UltraShort QQQ Mega | -13.18% | -34.51% |
BITU Proshares Ultra Bitcoin ETF | -58.54% | -45.02% |
Correlation
The correlation between QQDN and BITU is -0.45, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | -0.44 |
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Return for Risk
QQDN vs. BITU — Risk / Return Rank
QQDN
BITU
QQDN vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) and Proshares Ultra Bitcoin ETF (BITU). 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.
| QQDN | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.80 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.96 | +0.28 |
| Martin ratioReturn relative to average drawdown | -1.18 | -1.34 | +0.16 |
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Drawdowns
QQDN vs. BITU - Drawdown Comparison
The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum BITU drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for QQDN and BITU.
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Drawdown Indicators
| QQDN | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.19% | -83.45% | +33.26% |
Max Drawdown (1Y)Largest decline over 1 year | -43.68% | -83.45% | +39.77% |
Current DrawdownCurrent decline from peak | -44.25% | -81.46% | +37.21% |
Average DrawdownAverage peak-to-trough decline | -31.57% | -37.61% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.92% | 59.30% | -34.38% |
Volatility
QQDN vs. BITU - Volatility Comparison
The current volatility for ProShares UltraShort QQQ Mega (QQDN) is 14.41%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 17.90%. This indicates that QQDN experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQDN | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.41% | 17.90% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 32.99% | 67.92% | -34.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.40% | 88.38% | -45.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.84% | 96.07% | -55.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.84% | 96.07% | -55.23% |
QQDN vs. BITU - Expense Ratio Comparison
Both QQDN and BITU have an expense ratio of 0.95%.
Dividends
QQDN vs. BITU - Dividend Comparison
QQDN's dividend yield for the trailing twelve months is around 5.67%, less than BITU's 93.04% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 82.40% | 50.23% | 0.12% |
QQDN ProShares UltraShort QQQ Mega | 5.67% | 3.42% | 0.00% |
Frequently Asked Questions
QQDN and BITU have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (17.90%) compared to QQDN (14.41%). In terms of maximum drawdown, QQDN dropped -50.19% vs BITU's -83.45%.
On 1-year performance, QQDN leads with -33.23% vs -78.13% for BITU. Both ETFs have the same 0.95% expense ratio. On volatility, QQDN has been the lower-risk option at 14.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQDN has performed better with a -33.23% return vs -78.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQDN and BITU have the same expense ratio: 0.95% per year.
BITU has the higher dividend yield at 82.40%, compared with 5.67% for QQDN.
QQDN is categorized as Inverse Equities, while BITU is Cryptocurrency. QQDN tracks Nasdaq-100 Mega Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross.
QQDN currently has the higher Sharpe Ratio (-0.70 vs -0.90), 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.
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