QQQS vs. BITI

Last updated Jul 14, 2026

QQQS (Invesco NASDAQ Future Gen 200 ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - QQQS is a Small Cap Blend Equities fund tracking the Nasdaq Innovators Completion Cap Total Return Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, QQQS returned 16.48%/yr vs -30.65%/yr for BITI. At a correlation of -0.39, they often move in opposite directions. QQQS charges 0.20%/yr vs 1.03%/yr for BITI.

Performance

QQQS vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Future Gen 200 ETF (QQQS) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with QQQS having a 28.18% return and BITI slightly higher at 28.75%.

QQQS

• 1D: -0.99%
• 1M: 4.05%
• 6M: 21.10%
• YTD: 28.18%
• 1Y: 61.07%
• 3Y*: 16.48%
• 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)

QQQS vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QQQS Invesco NASDAQ Future Gen 200 ETF	28.18%	23.03%	10.20%	-1.94%	11.47%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	2.54%

Correlation

The correlation between QQQS and BITI is -0.50, 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	-0.50
Correlation (3Y) Calculated over the trailing 3-year period	-0.40
Correlation (All Time) Calculated using the full available price history since Oct 13, 2022	-0.39

The correlation between QQQS and BITI shifts across timeframes, from -0.50 (1 year) to -0.39 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QQQS vs. BITI — Risk / Return Rank

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

QQQS

QQQS Risk / Return Rank: 85
QQQS Sharpe Ratio Rank: 88
QQQS Sortino Ratio Rank: 83
QQQS Omega Ratio Rank: 75
QQQS Calmar Ratio Rank: 91
QQQS Martin Ratio Rank: 86

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.

QQQS vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Future Gen 200 ETF (QQQS) 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.

	QQQS	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.56	+0.70
Sortino ratio: Return per unit of downside risk	2.95	2.13	+0.82
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	4.50	2.72	+1.79
Martin ratio: Return relative to average drawdown	14.21	6.78	+7.43

QQQS vs. BITI - Sharpe Ratio Comparison

The current QQQS Sharpe Ratio is 2.26, which is higher than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of QQQS 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

QQQS vs. BITI - Drawdown Comparison

The maximum QQQS drawdown since its inception was -38.06%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for QQQS and BITI.

Drawdown Indicators

	QQQS	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-38.06%	-92.16%	+54.10%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-25.28%	+11.65%
Max Drawdown (3Y) Largest decline over 3 years	-34.32%	-84.63%	+50.31%
Current Drawdown Current decline from peak	-2.04%	-85.94%	+83.90%
Average Drawdown Average peak-to-trough decline	-12.99%	-68.34%	+55.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	10.11%	-5.80%

Volatility

QQQS vs. BITI - Volatility Comparison

The current volatility for Invesco NASDAQ Future Gen 200 ETF (QQQS) is 6.29%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that QQQS experiences smaller price fluctuations and is considered to be less risky than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQS	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	11.38%	-5.09%
Volatility (6M) Calculated over the trailing 6-month period	20.02%	34.25%	-14.23%
Volatility (1Y) Calculated over the trailing 1-year period	27.25%	44.14%	-16.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.47%	52.28%	-23.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.47%	52.28%	-23.81%

QQQS vs. BITI - Expense Ratio Comparison

QQQS has a 0.20% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

QQQS vs. BITI - Dividend Comparison

QQQS's dividend yield for the trailing twelve months is around 2.57%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
QQQS Invesco NASDAQ Future Gen 200 ETF	2.57%	3.48%	0.80%	0.68%	0.04%

Frequently Asked Questions

Can I hold both QQQS and BITI in my portfolio?

QQQS and BITI 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.

Which is riskier, QQQS or BITI?

BITI has higher volatility (11.38%) compared to QQQS (6.29%). In terms of maximum drawdown, QQQS dropped -38.06% vs BITI's -92.16%.

Which ETF is better, QQQS or BITI?

On 3-year performance, QQQS leads with 16.48% vs -30.65% for BITI. On fees, QQQS is cheaper at 0.20% per year. On volatility, QQQS has been the lower-risk option at 6.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQS or BITI?

Over the 3-year period, QQQS has performed better with a 16.48% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQS or BITI?

QQQS is cheaper with a 0.20% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 2.57% for QQQS.

What is the main difference between QQQS and BITI?

QQQS is categorized as Small Cap Blend Equities, while BITI is Cryptocurrency. QQQS tracks Nasdaq Innovators Completion Cap Total Return Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.20% for QQQS and 1.03% for BITI.

Which has better risk-adjusted returns?

QQQS currently has the higher Sharpe Ratio (2.26 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.