QQQ vs. BTC-USD
QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, QQQ returned 21.27%/yr vs 59.37%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
QQQ vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 14.92% return, which is significantly higher than BTC-USD's -29.97% return. Over the past 10 years, QQQ has underperformed BTC-USD with an annualized return of 21.27%, while BTC-USD has yielded a comparatively higher 59.37% annualized return.
QQQ
- 1D
- -4.80%
- 1M
- 1.34%
- YTD
- 14.92%
- 6M
- 13.01%
- 1Y
- 35.00%
- 3Y*
- 26.46%
- 5Y*
- 16.70%
- 10Y*
- 21.27%
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
QQQ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 14.92% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between QQQ and BTC-USD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | 0.13 |
Over the past year, QQQ and BTC-USD have become more correlated (0.38) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
QQQ vs. BTC-USD — Risk / Return Rank
QQQ
BTC-USD
QQQ vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Bitcoin (BTC-USD). 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.
| QQQ | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.02 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.87 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.78 | +3.72 |
| Martin ratioReturn relative to average drawdown | 11.22 | -1.39 | +12.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQ | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | -0.93 | +3.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.21 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.87 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.13 | -0.72 |
Drawdowns
QQQ vs. BTC-USD - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for QQQ and BTC-USD.
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Drawdown Indicators
| QQQ | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -85.30% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -50.87% | +38.91% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -50.87% | +28.10% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -76.67% | +41.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -83.80% | +48.68% |
Current DrawdownCurrent decline from peak | -5.51% | -50.87% | +45.36% |
Average DrawdownAverage peak-to-trough decline | -32.78% | -42.29% | +9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 34.02% | -30.89% |
Volatility
QQQ vs. BTC-USD - Volatility Comparison
The current volatility for Invesco QQQ ETF (QQQ) is 6.68%, while Bitcoin (BTC-USD) has a volatility of 10.54%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 10.54% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 13.12% | 34.26% | -21.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 35.65% | -18.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.47% | 44.98% | -22.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.34% | 56.70% | -34.36% |
Frequently Asked Questions
QQQ and BTC-USD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (10.54%) compared to QQQ (6.68%). In terms of maximum drawdown, QQQ dropped -82.97% vs BTC-USD's -85.30%.
QQQ currently has the higher Sharpe Ratio (2.11 vs -0.93), 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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