QQXL vs. BITO
QQXL (ProShares Ultra QQQ Top 30) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - QQXL is a Leveraged Equities fund actively managed by ProShares, while BITO is a Cryptocurrency fund actively managed by ProShares. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
QQXL vs. BITO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQXL achieves a 41.81% return, which is significantly higher than BITO's -28.44% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.81%
- 1M
- -22.52%
- YTD
- -28.44%
- 6M
- -32.46%
- 1Y
- -41.98%
- 3Y*
- 26.82%
- 5Y*
- —
- 10Y*
- —
QQXL vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
BITO ProShares Bitcoin Strategy ETF | -28.44% | -26.46% |
Correlation
The correlation between QQXL and BITO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 18, 2025 | 0.50 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQXL vs. BITO — Risk / Return Rank
QQXL
BITO
QQXL vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) 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.
Loading charts...
Sharpe Ratios by Period
| QQXL | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | -0.10 | +2.05 |
Drawdowns
QQXL vs. BITO - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for QQXL and BITO.
Loading charts...
Drawdown Indicators
| QQXL | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -77.86% | +50.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.64% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.64% | — |
Current DrawdownCurrent decline from peak | -1.84% | -50.64% | +48.80% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -36.75% | +30.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.27% | — |
Volatility
QQXL vs. BITO - Volatility Comparison
Loading charts...
Volatility by Period
| QQXL | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 43.61% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 55.10% | -18.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 55.10% | -18.17% |
QQXL vs. BITO - Expense Ratio Comparison
Both QQXL and BITO have an expense ratio of 0.95%.
Dividends
QQXL vs. BITO - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.45%, less than BITO's 69.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 69.59% | 78.29% | 61.59% | 15.14% |
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% | 0.00% | 0.00% |
Frequently Asked Questions
QQXL and BITO 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.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQXL and BITO have the same expense ratio: 0.95% per year.
BITO has the higher dividend yield at 69.59%, compared with 0.45% for QQXL.
QQXL is categorized as Leveraged Equities, while BITO is Cryptocurrency.
Find the right allocation for QQXL and BITO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer