QQQ vs. ETHA
QQQ (Invesco QQQ ETF) and ETHA (iShares Ethereum Trust ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while ETHA is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant. Both are passively managed. Over the past year, QQQ returned 37.55% vs -34.33% for ETHA. A 0.55 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.25%/yr for ETHA.
Performance
QQQ vs. ETHA - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 17.57% return, which is significantly higher than ETHA's -43.96% return.
QQQ
- 1D
- 0.59%
- 1M
- 0.22%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 37.55%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
ETHA
- 1D
- -1.02%
- 1M
- -27.59%
- YTD
- -43.96%
- 6M
- -45.98%
- 1Y
- -34.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 6.31% |
ETHA iShares Ethereum Trust ETF | -43.96% | -11.31% | -4.89% |
Correlation
The correlation between QQQ and ETHA is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.55 |
The correlation between QQQ and ETHA has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
QQQ vs. ETHA — Risk / Return Rank
QQQ
ETHA
QQQ vs. ETHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and iShares Ethereum Trust ETF (ETHA). 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.
| QQQ | ETHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.94 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | -0.57 | +3.58 |
| Martin ratioReturn relative to average drawdown | 11.22 | -0.98 | +12.20 |
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Drawdowns
QQQ vs. ETHA - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than ETHA's maximum drawdown of -67.56%. Use the drawdown chart below to compare losses from any high point for QQQ and ETHA.
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Drawdown Indicators
| QQQ | ETHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -67.56% | -15.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -67.56% | +55.60% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | — | — |
Current DrawdownCurrent decline from peak | -3.33% | -65.65% | +62.32% |
Average DrawdownAverage peak-to-trough decline | -32.75% | -33.25% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 39.22% | -36.02% |
Volatility
QQQ vs. ETHA - Volatility Comparison
The current volatility for Invesco QQQ ETF (QQQ) is 7.56%, while iShares Ethereum Trust ETF (ETHA) has a volatility of 17.30%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than ETHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | ETHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 17.30% | -9.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 46.58% | -32.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 69.29% | -52.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.55% | 72.65% | -50.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 72.65% | -50.27% |
QQQ vs. ETHA - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than ETHA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QQQ vs. ETHA - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, while ETHA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETHA iShares Ethereum Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.39% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
QQQ and ETHA have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (17.30%) compared to QQQ (7.56%). In terms of maximum drawdown, QQQ dropped -82.97% vs ETHA's -67.56%.
On 1-year performance, QQQ leads with 37.55% vs -34.33% for ETHA. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQ has performed better with a 37.55% return vs -34.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.25% for ETHA.
QQQ has the higher dividend yield at 0.39%, compared with 0.00% for ETHA.
QQQ is categorized as Nasdaq-100, while ETHA is Cryptocurrency. QQQ tracks NASDAQ-100 Index, while ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for QQQ and 0.25% for ETHA.
QQQ currently has the higher Sharpe Ratio (2.09 vs -0.56), 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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