QQQA vs. BITI

Last updated Jul 14, 2026

QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, QQQA returned 27.46%/yr vs -30.65%/yr for BITI. At a correlation of -0.36, they often move in opposite directions. QQQA charges 0.58%/yr vs 1.03%/yr for BITI.

Performance

QQQA vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQA achieves a 49.46% return, which is significantly higher than BITI's 28.75% return.

QQQA

• 1D: -4.43%
• 1M: -8.65%
• 6M: 42.14%
• YTD: 49.46%
• 1Y: 67.89%
• 3Y*: 27.46%
• 5Y*: 12.18%
• 10Y*: —

BITI

• 1D: 2.65%
• 1M: 1.46%
• 6M: 34.68%
• YTD: 28.75%
• 1Y: 68.34%
• 3Y*: -30.65%
• 5Y*: —
• 10Y*: —

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

QQQA vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	49.46%	9.87%	16.17%	24.98%	3.21%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between QQQA and BITI is -0.42, 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 (1Y) Calculated over the trailing 1-year period	-0.42
Correlation (3Y) Calculated over the trailing 3-year period	-0.35
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.36

Return for Risk

QQQA vs. BITI — Risk / Return Rank

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

QQQA

QQQA Risk / Return Rank: 81
QQQA Sharpe Ratio Rank: 82
QQQA Sortino Ratio Rank: 69
QQQA Omega Ratio Rank: 75
QQQA Calmar Ratio Rank: 91
QQQA Martin Ratio Rank: 87

BITI

BITI Risk / Return Rank: 57
BITI Sharpe Ratio Rank: 58
BITI Sortino Ratio Rank: 55
BITI Omega Ratio Rank: 50
BITI Calmar Ratio Rank: 68
BITI Martin Ratio Rank: 51

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.

QQQA vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and ProShares Short Bitcoin ETF (BITI). 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.

	QQQA	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.56	+0.52
Sortino ratio: Return per unit of downside risk	2.52	2.13	+0.39
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	4.68	2.72	+1.96
Martin ratio: Return relative to average drawdown	14.60	6.78	+7.82

QQQA vs. BITI - Sharpe Ratio Comparison

The current QQQA Sharpe Ratio is 2.08, which is higher than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of QQQA and BITI, 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

QQQA vs. BITI - Drawdown Comparison

The maximum QQQA drawdown since its inception was -38.44%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for QQQA and BITI.

Drawdown Indicators

	QQQA	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-92.16%	+53.72%
Max Drawdown (1Y) Largest decline over 1 year	-14.58%	-25.28%	+10.70%
Max Drawdown (3Y) Largest decline over 3 years	-30.84%	-84.63%	+53.79%
Max Drawdown (5Y) Largest decline over 5 years	-38.44%	—	—
Current Drawdown Current decline from peak	-14.58%	-85.94%	+71.36%
Average Drawdown Average peak-to-trough decline	-15.48%	-68.34%	+52.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	10.11%	-5.44%

Volatility

QQQA vs. BITI - Volatility Comparison

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a higher volatility of 18.17% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that QQQA's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQA	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.17%	11.38%	+6.79%
Volatility (6M) Calculated over the trailing 6-month period	29.61%	34.25%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	32.87%	44.14%	-11.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.31%	52.28%	-24.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.02%	52.28%	-25.26%

QQQA vs. BITI - Expense Ratio Comparison

QQQA has a 0.58% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

QQQA vs. BITI - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.02%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022	2021
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%	0.00%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.02%	0.10%	0.09%	0.34%	0.28%	0.10%

Frequently Asked Questions

Can I hold both QQQA and BITI in my portfolio?

QQQA and BITI have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQA or BITI?

QQQA has higher volatility (18.17%) compared to BITI (11.38%). In terms of maximum drawdown, QQQA dropped -38.44% vs BITI's -92.16%.

Which ETF is better, QQQA or BITI?

On 3-year performance, QQQA leads with 27.46% vs -30.65% for BITI. On fees, QQQA is cheaper at 0.58% per year. On volatility, BITI has been the lower-risk option at 11.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQA or BITI?

Over the 3-year period, QQQA has performed better with a 27.46% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQA or BITI?

QQQA is cheaper with a 0.58% expense ratio, compared with 1.03% for BITI.

Which ETF pays a higher dividend yield, QQQA or BITI?

BITI has the higher dividend yield at 15.10%, compared with 0.02% for QQQA.

What is the main difference between QQQA and BITI?

QQQA is categorized as Nasdaq-100, while BITI is Cryptocurrency. QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, while BITI tracks Bloomberg Bitcoin Index. Their fees differ too: 0.58% for QQQA and 1.03% for BITI.

Which has better risk-adjusted returns?

QQQA currently has the higher Sharpe Ratio (2.08 vs 1.56), 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.