QQQY.TO vs. LBIT.TO

Last updated Jun 4, 2026

QQQY.TO (Evolve NASDAQ Technology Enhanced Yield Index Fund) and LBIT.TO (Evolve Levered Bitcoin ETF) are both exchange-traded funds - QQQY.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index, while LBIT.TO is a Leveraged Cryptocurrency fund actively managed by Evolve. QQQY.TO is passively managed, while LBIT.TO is actively managed. Over the past year, QQQY.TO returned 52.29% vs -46.69% for LBIT.TO. At a 0.38 correlation, their price movements are largely independent. QQQY.TO charges 0.74%/yr vs 0.75%/yr for LBIT.TO.

Performance

QQQY.TO vs. LBIT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and Evolve Levered Bitcoin ETF (LBIT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQY.TO achieves a 20.66% return, which is significantly higher than LBIT.TO's -30.02% return.

QQQY.TO

• 1D: -0.14%
• 1M: 12.57%
• YTD: 20.66%
• 6M: 19.40%
• 1Y: 52.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LBIT.TO

• 1D: -0.45%
• 1M: -19.20%
• YTD: -30.02%
• 6M: -35.83%
• 1Y: -46.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQY.TO vs. LBIT.TO - Yearly Performance Comparison

	2026 (YTD)	2025
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	20.66%	36.66%
LBIT.TO Evolve Levered Bitcoin ETF	-30.02%	-1.29%

Correlation

The correlation between QQQY.TO and LBIT.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Mar 19, 2025	0.38

Return for Risk

QQQY.TO vs. LBIT.TO — Risk / Return Rank

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

QQQY.TO

QQQY.TO Risk / Return Rank: 77
QQQY.TO Sharpe Ratio Rank: 84
QQQY.TO Sortino Ratio Rank: 77
QQQY.TO Omega Ratio Rank: 79
QQQY.TO Calmar Ratio Rank: 70
QQQY.TO Martin Ratio Rank: 72

LBIT.TO

LBIT.TO Risk / Return Rank: 2
LBIT.TO Sharpe Ratio Rank: 2
LBIT.TO Sortino Ratio Rank: 2
LBIT.TO Omega Ratio Rank: 2
LBIT.TO Calmar Ratio Rank: 2
LBIT.TO Martin Ratio Rank: 2

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.

QQQY.TO vs. LBIT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and Evolve Levered Bitcoin ETF (LBIT.TO). 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.

	QQQY.TO	LBIT.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.81	-0.89	+3.70
Sortino ratio: Return per unit of downside risk	3.53	-1.30	+4.83
Omega ratio: Gain probability vs. loss probability	1.48	0.85	+0.63
Calmar ratio: Return relative to maximum drawdown	3.52	-0.80	+4.32
Martin ratio: Return relative to average drawdown	13.82	-1.34	+15.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQY.TO vs. LBIT.TO - Sharpe Ratio Comparison

The current QQQY.TO Sharpe Ratio is 2.81, which is higher than the LBIT.TO Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of QQQY.TO and LBIT.TO, 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

	QQQY.TO	LBIT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	-0.89	+3.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	-0.51	+0.58

Drawdowns

QQQY.TO vs. LBIT.TO - Drawdown Comparison

The maximum QQQY.TO drawdown since its inception was -26.27%, smaller than the maximum LBIT.TO drawdown of -58.70%. Use the drawdown chart below to compare losses from any high point for QQQY.TO and LBIT.TO.

Drawdown Indicators

	QQQY.TO	LBIT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.27%	-58.70%	+32.43%
Max Drawdown (1Y) Largest decline over 1 year	-14.91%	-58.70%	+43.79%
Current Drawdown Current decline from peak	-0.14%	-56.66%	+56.52%
Average Drawdown Average peak-to-trough decline	-4.03%	-24.25%	+20.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	34.90%	-31.11%

Volatility

QQQY.TO vs. LBIT.TO - Volatility Comparison

The current volatility for Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) is 4.62%, while Evolve Levered Bitcoin ETF (LBIT.TO) has a volatility of 11.88%. This indicates that QQQY.TO experiences smaller price fluctuations and is considered to be less risky than LBIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQY.TO	LBIT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	11.88%	-7.26%
Volatility (6M) Calculated over the trailing 6-month period	14.65%	42.12%	-27.47%
Volatility (1Y) Calculated over the trailing 1-year period	18.74%	52.56%	-33.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15,024.21%	51.49%	+14,972.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15,024.21%	51.49%	+14,972.72%

QQQY.TO vs. LBIT.TO - Expense Ratio Comparison

QQQY.TO has a 0.74% expense ratio, which is lower than LBIT.TO's 0.75% expense ratio.

Dividends

QQQY.TO vs. LBIT.TO - Dividend Comparison

QQQY.TO's dividend yield for the trailing twelve months is around 12.29%, while LBIT.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
LBIT.TO Evolve Levered Bitcoin ETF	0.00%	0.00%	0.00%	0.00%
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	12.29%	13.97%	14.09%	2.73%

Frequently Asked Questions

Can I hold both QQQY.TO and LBIT.TO in my portfolio?

QQQY.TO and LBIT.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQY.TO or LBIT.TO?

On fees, QQQY.TO is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQY.TO or LBIT.TO?

QQQY.TO is cheaper with a 0.74% expense ratio, compared with 0.75% for LBIT.TO.

What is the main difference between QQQY.TO and LBIT.TO?

QQQY.TO is categorized as Nasdaq-100, while LBIT.TO is Leveraged Cryptocurrency. Their fees differ too: 0.74% for QQQY.TO and 0.75% for LBIT.TO.