QQQ vs. WGMI

Last updated Jul 21, 2026

QQQ (Invesco QQQ ETF) and WGMI (CoinShares Bitcoin Miners ETF) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while WGMI is a Cryptocurrency fund actively managed by CoinShares. QQQ is passively managed, while WGMI is actively managed. Over the past 3 years, QQQ returned 23.54%/yr vs 48.22%/yr for WGMI. A 0.60 correlation means they provide meaningful diversification when combined. QQQ charges 0.18%/yr vs 0.75%/yr for WGMI.

Performance

QQQ vs. WGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and CoinShares Bitcoin Miners ETF (WGMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQ achieves a 13.58% return, which is significantly lower than WGMI's 37.71% return.

QQQ

• 1D: 0.10%
• 1M: -5.91%
• 6M: 12.30%
• YTD: 13.58%
• 1Y: 24.61%
• 3Y*: 23.54%
• 5Y*: 14.68%
• 10Y*: 20.72%
• ALL TIME*: 10.70%

WGMI

• 1D: 10.78%
• 1M: -26.91%
• 6M: 3.21%
• YTD: 37.71%
• 1Y: 97.01%
• 3Y*: 48.22%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.18%

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

QQQ vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QQQ Invesco QQQ ETF	13.58%	20.77%	25.58%	54.86%	-24.47%
WGMI CoinShares Bitcoin Miners ETF	37.71%	72.47%	23.54%	304.08%	-82.94%

Correlation

The correlation between QQQ and WGMI 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 (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022	0.60

The correlation between QQQ and WGMI has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.

QQQ vs. WGMI - Sectors Allocation Comparison

Sectors	QQQ	WGMI
Technology	60.9%	47.8%
Communication Services	13.1%	2.0%
Consumer Cyclical	10.7%	-
Consumer Defensive	6.3%	-
Healthcare	3.6%	-
Industrials	2.7%	0.7%
Utilities	1.1%	4.1%
Basic Materials	1.0%	-
Energy	0.5%	-
Financial Services	0.2%	45.4%
Real Estate	0.1%	-

Return for Risk

QQQ vs. WGMI — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 51
QQQ Sharpe Ratio Rank: 51
QQQ Sortino Ratio Rank: 47
QQQ Omega Ratio Rank: 48
QQQ Calmar Ratio Rank: 54
QQQ Martin Ratio Rank: 57

WGMI

WGMI Risk / Return Rank: 45
WGMI Sharpe Ratio Rank: 47
WGMI Sortino Ratio Rank: 50
WGMI Omega Ratio Rank: 44
WGMI Calmar Ratio Rank: 50
WGMI Martin Ratio Rank: 34

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.

QQQ vs. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and CoinShares Bitcoin Miners ETF (WGMI). 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	WGMI	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.24	+0.08
Sortino ratio: Return per unit of downside risk	1.83	1.90	-0.07
Omega ratio: Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	2.07	1.91	+0.15
Martin ratio: Return relative to average drawdown	7.22	3.77	+3.46

QQQ vs. WGMI - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 1.32, which is comparable to the WGMI Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of QQQ and WGMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQ vs. WGMI - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, roughly equal to the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for QQQ and WGMI.

Drawdown Indicators

	QQQ	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-82.97%	-85.76%	+2.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-50.94%	+38.98%
Max Drawdown (3Y) Largest decline over 3 years	-22.77%	-62.79%	+40.02%
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	—	—
Current Drawdown Current decline from peak	-6.61%	-26.91%	+20.30%
Average Drawdown Average peak-to-trough decline	-32.65%	-42.09%	+9.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	25.85%	-22.43%

Volatility

QQQ vs. WGMI - Volatility Comparison

The current volatility for Invesco QQQ ETF (QQQ) is 7.41%, while CoinShares Bitcoin Miners ETF (WGMI) has a volatility of 24.38%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQ	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	24.38%	-16.97%
Volatility (6M) Calculated over the trailing 6-month period	15.55%	57.47%	-41.92%
Volatility (1Y) Calculated over the trailing 1-year period	18.78%	78.75%	-59.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	81.64%	-58.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.45%	81.64%	-59.19%

QQQ vs. WGMI - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

QQQ vs. WGMI - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.44%, while WGMI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
WGMI CoinShares Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQ and WGMI in my portfolio?

QQQ and WGMI 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.

Which is riskier, QQQ or WGMI?

WGMI has higher volatility (24.38%) compared to QQQ (7.41%). In terms of maximum drawdown, QQQ dropped -82.97% vs WGMI's -85.76%.

Which ETF is better, QQQ or WGMI?

On 3-year performance, WGMI leads with 48.22% vs 23.54% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 7.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQ or WGMI?

Over the 3-year period, WGMI has performed better with a 48.22% return vs 23.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQ or WGMI?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.75% for WGMI.

Which ETF pays a higher dividend yield, QQQ or WGMI?

QQQ has the higher dividend yield at 0.44%, compared with 0.00% for WGMI.

What is the main difference between QQQ and WGMI?

QQQ is categorized as Nasdaq-100, while WGMI is Cryptocurrency. They also come from different issuers: Invesco and CoinShares. Their fees differ too: 0.18% for QQQ and 0.75% for WGMI.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.32 vs 1.24), 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.