QQDN vs. BITU

Last updated Jun 5, 2026

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. At a correlation of -0.46, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

QQDN vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ Mega (QQDN) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQDN achieves a -17.46% return, which is significantly higher than BITU's -55.56% return.

QQDN

• 1D: -0.14%
• 1M: -6.55%
• YTD: -17.46%
• 6M: -13.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITU

• 1D: -5.61%
• 1M: -40.78%
• YTD: -55.56%
• 6M: -61.06%
• 1Y: -73.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQDN vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025
QQDN ProShares UltraShort QQQ Mega	-17.46%	-34.14%
BITU Proshares Ultra Bitcoin ETF	-55.56%	-42.86%

Correlation

The correlation between QQDN and BITU 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

Return for Risk

QQDN vs. BITU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 3
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QQDN	BITU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	-0.37	-0.85

Drawdowns

QQDN vs. BITU - Drawdown Comparison

The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum BITU drawdown of -80.13%. Use the drawdown chart below to compare losses from any high point for QQDN and BITU.

Drawdown Indicators

	QQDN	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-50.19%	-80.13%	+29.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-80.13%	—
Current Drawdown Current decline from peak	-47.00%	-80.13%	+33.13%
Average Drawdown Average peak-to-trough decline	-30.23%	-34.58%	+4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	50.09%	—

Volatility

Volatility by Period

	QQDN	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	68.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.51%	87.07%	-48.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.51%	97.43%	-58.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.51%	97.43%	-58.92%

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 4.93%, less than BITU's 88.31% yield.

Position	TTM	2025	2024
BITU Proshares Ultra Bitcoin ETF	88.31%	50.23%	0.12%
QQDN ProShares UltraShort QQQ Mega	4.93%	3.42%	0.00%

Frequently Asked Questions

Can I hold both QQDN and BITU in my portfolio?

QQDN and BITU 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.

Which ETF is better, QQDN or BITU?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQDN or BITU?

QQDN and BITU have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, QQDN or BITU?

BITU has the higher dividend yield at 88.31%, compared with 4.93% for QQDN.

What is the main difference between QQDN and BITU?

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.