QQQA vs. BITU

Last updated Jun 5, 2026

QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) and BITU (Proshares Ultra 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 BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, QQQA returned 86.88% vs -73.89% for BITU. At a 0.41 correlation, their price movements are largely independent. QQQA charges 0.58%/yr vs 0.95%/yr for BITU.

Performance

QQQA vs. BITU - 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 Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQA achieves a 64.12% return, which is significantly higher than BITU's -55.56% return.

QQQA

• 1D: -0.76%
• 1M: 19.04%
• YTD: 64.12%
• 6M: 67.24%
• 1Y: 86.88%
• 3Y*: 34.14%
• 5Y*: 14.57%
• 10Y*: —

BITU

• 1D: -5.61%
• 1M: -40.78%
• YTD: -55.56%
• 6M: -61.06%
• 1Y: -73.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQA vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	64.12%	9.87%	5.81%
BITU Proshares Ultra Bitcoin ETF	-55.56%	-37.07%	37.90%

Correlation

The correlation between QQQA and BITU is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.41

Return for Risk

QQQA vs. BITU — Risk / Return Rank

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

QQQA

QQQA Risk / Return Rank: 90
QQQA Sharpe Ratio Rank: 93
QQQA Sortino Ratio Rank: 87
QQQA Omega Ratio Rank: 87
QQQA Calmar Ratio Rank: 92
QQQA Martin Ratio Rank: 92

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 3
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

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. BITU - 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 Ultra Bitcoin ETF (BITU). 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.

	QQQA	BITU	Difference
Sharpe ratio: Return per unit of total volatility	3.35	-0.85	+4.20
Sortino ratio: Return per unit of downside risk	3.94	-1.48	+5.42
Omega ratio: Gain probability vs. loss probability	1.53	0.84	+0.70
Calmar ratio: Return relative to maximum drawdown	6.01	-0.92	+6.93
Martin ratio: Return relative to average drawdown	22.45	-1.48	+23.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQA vs. BITU - Sharpe Ratio Comparison

The current QQQA Sharpe Ratio is 3.35, which is higher than the BITU Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of QQQA and BITU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQA	BITU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.35	-0.85	+4.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	-0.37	+0.95

Drawdowns

QQQA vs. BITU - Drawdown Comparison

The maximum QQQA drawdown since its inception was -38.44%, smaller than the maximum BITU drawdown of -80.13%. Use the drawdown chart below to compare losses from any high point for QQQA and BITU.

Drawdown Indicators

	QQQA	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-80.13%	+41.69%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	-80.13%	+65.59%
Max Drawdown (3Y) Largest decline over 3 years	-30.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.44%	—	—
Current Drawdown Current decline from peak	-0.76%	-80.13%	+79.37%
Average Drawdown Average peak-to-trough decline	-15.66%	-34.58%	+18.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	50.09%	-46.21%

Volatility

QQQA vs. BITU - Volatility Comparison

The current volatility for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) is 10.13%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 18.31%. This indicates that QQQA experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQA	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.13%	18.31%	-8.18%
Volatility (6M) Calculated over the trailing 6-month period	22.18%	68.43%	-46.25%
Volatility (1Y) Calculated over the trailing 1-year period	26.07%	87.07%	-61.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.82%	97.43%	-71.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.76%	97.43%	-71.67%

QQQA vs. BITU - Expense Ratio Comparison

QQQA has a 0.58% expense ratio, which is lower than BITU's 0.95% expense ratio.

Dividends

QQQA vs. BITU - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.06%, less than BITU's 88.31% yield.

Position	TTM	2025	2024	2023	2022	2021
BITU Proshares Ultra Bitcoin ETF	88.31%	50.23%	0.12%	0.00%	0.00%	0.00%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.06%	0.10%	0.09%	0.34%	0.28%	0.10%

Frequently Asked Questions

Can I hold both QQQA and BITU in my portfolio?

QQQA and BITU 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 BITU?

BITU has higher volatility (18.31%) compared to QQQA (10.13%). In terms of maximum drawdown, QQQA dropped -38.44% vs BITU's -80.13%.

Which ETF is better, QQQA or BITU?

On 1-year performance, QQQA leads with 86.88% vs -73.89% for BITU. On fees, QQQA is cheaper at 0.58% per year. On volatility, QQQA has been the lower-risk option at 10.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQA or BITU?

Over the 1-year period, QQQA has performed better with a 86.88% return vs -73.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQA or BITU?

QQQA is cheaper with a 0.58% expense ratio, compared with 0.95% for BITU.

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

BITU has the higher dividend yield at 88.31%, compared with 0.06% for QQQA.

What is the main difference between QQQA and BITU?

QQQA is categorized as Nasdaq-100, while BITU is Cryptocurrency. QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 0.58% for QQQA and 0.95% for BITU.

Which has better risk-adjusted returns?

QQQA currently has the higher Sharpe Ratio (3.35 vs -0.85), 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.