QQQ vs. IBIT
QQQ (Invesco QQQ ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, QQQ returned 35.78% vs -39.44% for IBIT. At a 0.41 correlation, their price movements are largely independent. QQQ charges 0.18%/yr vs 0.25%/yr for IBIT.
Performance
QQQ vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, QQQ achieves a 16.71% return, which is significantly higher than IBIT's -27.71% return.
QQQ
- 1D
- 1.56%
- 1M
- 0.68%
- YTD
- 16.71%
- 6M
- 15.00%
- 1Y
- 35.78%
- 3Y*
- 27.15%
- 5Y*
- 16.98%
- 10Y*
- 21.59%
IBIT
- 1D
- 5.13%
- 1M
- -21.03%
- YTD
- -27.71%
- 6M
- -30.34%
- 1Y
- -39.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQ Invesco QQQ ETF | 16.71% | 20.77% | 25.63% |
IBIT iShares Bitcoin Trust ETF | -27.71% | -6.41% | 99.21% |
Correlation
The correlation between QQQ and IBIT is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.41 |
The correlation between QQQ and IBIT has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.
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Return for Risk
QQQ vs. IBIT — Risk / Return Rank
QQQ
IBIT
QQQ vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +4.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.86 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.76 | +3.76 |
| Martin ratioReturn relative to average drawdown | 11.43 | -1.36 | +12.80 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | -0.90 | +3.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.26 | +0.14 |
Drawdowns
QQQ vs. IBIT - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for QQQ and IBIT.
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Drawdown Indicators
| QQQ | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -52.11% | -30.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -52.11% | +40.15% |
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 | -4.03% | -49.66% | +45.63% |
Average DrawdownAverage peak-to-trough decline | -32.77% | -16.19% | -16.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 28.97% | -25.83% |
Volatility
QQQ vs. IBIT - Volatility Comparison
The current volatility for Invesco QQQ ETF (QQQ) is 6.84%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 11.85%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQ | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 11.85% | -5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 34.60% | -21.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 44.28% | -27.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.49% | 50.32% | -27.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 50.32% | -27.96% |
QQQ vs. IBIT - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than IBIT'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. IBIT - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.39%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin 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 IBIT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (11.85%) compared to QQQ (6.84%). In terms of maximum drawdown, QQQ dropped -82.97% vs IBIT's -52.11%.
On 1-year performance, QQQ leads with 35.78% vs -39.44% for IBIT. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 6.84%. 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 35.78% return vs -39.44%. 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 IBIT.
QQQ has the higher dividend yield at 0.39%, compared with 0.00% for IBIT.
QQQ is categorized as Nasdaq-100, while IBIT is Cryptocurrency. QQQ tracks NASDAQ-100 Index, while IBIT tracks CME CF Bitcoin 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 IBIT.
QQQ currently has the higher Sharpe Ratio (2.15 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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