QQQP vs. BITI

Last updated Jul 14, 2026

QQQP (Tradr 2X Long Triple Q Quarterly ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - QQQP is a Leveraged Equities fund actively managed by Tradr, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. QQQP is actively managed, while BITI is passively managed. Over the past year, QQQP returned 47.44% vs 68.34% for BITI. At a correlation of -0.45, they often move in opposite directions. QQQP charges 1.30%/yr vs 1.03%/yr for BITI.

Performance

QQQP vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Triple Q Quarterly ETF (QQQP) 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, QQQP achieves a 24.11% return, which is significantly lower than BITI's 28.75% return.

QQQP

• 1D: -3.72%
• 1M: -3.56%
• 6M: 19.17%
• YTD: 24.11%
• 1Y: 47.44%
• 3Y*: —
• 5Y*: —
• 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)

QQQP vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQP Tradr 2X Long Triple Q Quarterly ETF	24.11%	30.21%	9.30%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-35.19%

Correlation

The correlation between QQQP and BITI is -0.47, 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	-0.47
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	-0.45

Return for Risk

QQQP vs. BITI — Risk / Return Rank

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

QQQP

QQQP Risk / Return Rank: 46
QQQP Sharpe Ratio Rank: 48
QQQP Sortino Ratio Rank: 45
QQQP Omega Ratio Rank: 44
QQQP Calmar Ratio Rank: 47
QQQP Martin Ratio Rank: 48

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.

QQQP vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Triple Q Quarterly ETF (QQQP) 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.

	QQQP	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.56	-0.22
Sortino ratio: Return per unit of downside risk	1.84	2.13	-0.28
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	1.88	2.72	-0.84
Martin ratio: Return relative to average drawdown	6.57	6.78	-0.21

QQQP vs. BITI - Sharpe Ratio Comparison

The current QQQP Sharpe Ratio is 1.34, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of QQQP 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

QQQP vs. BITI - Drawdown Comparison

The maximum QQQP drawdown since its inception was -42.50%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for QQQP and BITI.

Drawdown Indicators

	QQQP	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-92.16%	+49.66%
Max Drawdown (1Y) Largest decline over 1 year	-25.35%	-25.28%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-8.96%	-85.94%	+76.98%
Average Drawdown Average peak-to-trough decline	-7.25%	-68.34%	+61.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.24%	10.11%	-2.87%

Volatility

QQQP vs. BITI - Volatility Comparison

Tradr 2X Long Triple Q Quarterly ETF (QQQP) has a higher volatility of 14.77% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that QQQP'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

	QQQP	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.77%	11.38%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	28.96%	34.25%	-5.29%
Volatility (1Y) Calculated over the trailing 1-year period	35.67%	44.14%	-8.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.38%	52.28%	-7.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.38%	52.28%	-7.90%

QQQP vs. BITI - Expense Ratio Comparison

QQQP has a 1.30% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

QQQP vs. BITI - Dividend Comparison

QQQP has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.10%.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
QQQP Tradr 2X Long Triple Q Quarterly ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQP and BITI in my portfolio?

QQQP and BITI have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQP or BITI?

QQQP has higher volatility (14.77%) compared to BITI (11.38%). In terms of maximum drawdown, QQQP dropped -42.50% vs BITI's -92.16%.

Which ETF is better, QQQP or BITI?

On 1-year performance, BITI leads with 68.34% vs 47.44% for QQQP. On fees, BITI is cheaper at 1.03% 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, QQQP or BITI?

Over the 1-year period, BITI has performed better with a 68.34% return vs 47.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQP or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 1.30% for QQQP.

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

BITI has the higher dividend yield at 15.10%, compared with 0.00% for QQQP.

What is the main difference between QQQP and BITI?

QQQP is categorized as Leveraged Equities, while BITI is Cryptocurrency. They also come from different issuers: Tradr and ProShares. Their fees differ too: 1.30% for QQQP and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs 1.34), 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.