QQUP vs. BITO
Compare and contrast key facts about ProShares Ultra Top QQQ (QQUP) and ProShares Bitcoin Strategy ETF (BITO).
QQUP and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQUP is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Mega Index (200%). It was launched on Jun 10, 2025. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
QQUP vs. BITO - Performance Comparison
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QQUP vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQUP ProShares Ultra Top QQQ | -21.45% | 44.45% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -20.22% |
Returns By Period
In the year-to-date period, QQUP achieves a -21.45% return, which is significantly higher than BITO's -22.79% return.
QQUP
- 1D
- 2.59%
- 1M
- -8.10%
- YTD
- -21.45%
- 6M
- -20.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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QQUP vs. BITO - Expense Ratio Comparison
Both QQUP and BITO have an expense ratio of 0.95%.
Return for Risk
QQUP vs. BITO — Risk / Return Rank
QQUP
BITO
QQUP vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) and ProShares Bitcoin Strategy ETF (BITO). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QQUP | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.08 | +0.52 |
Correlation
The correlation between QQUP and BITO is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QQUP vs. BITO - Dividend Comparison
QQUP's dividend yield for the trailing twelve months is around 0.61%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQUP ProShares Ultra Top QQQ | 0.61% | 0.29% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% |
Drawdowns
QQUP vs. BITO - Drawdown Comparison
The maximum QQUP drawdown since its inception was -37.67%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for QQUP and BITO.
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Drawdown Indicators
| QQUP | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -77.86% | +40.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.05% | — |
Current DrawdownCurrent decline from peak | -30.55% | -46.75% | +16.20% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -36.57% | +27.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.73% | — |
Volatility
QQUP vs. BITO - Volatility Comparison
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Volatility by Period
| QQUP | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.72% | 45.32% | -6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.72% | 55.77% | -17.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.72% | 55.77% | -17.05% |