QQXL vs. BITU
QQXL (ProShares Ultra QQQ Top 30) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - QQXL is a Leveraged Equities fund actively managed by ProShares, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. QQXL is actively managed, while BITU is passively managed. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
QQXL vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 41.81% return, which is significantly higher than BITU's -55.56% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITU
- 1D
- -5.61%
- 1M
- -40.78%
- YTD
- -55.56%
- 6M
- -61.06%
- 1Y
- -73.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQXL vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
BITU Proshares Ultra Bitcoin ETF | -55.56% | -50.29% |
Correlation
The correlation between QQXL and BITU 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 |
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Return for Risk
QQXL vs. BITU — Risk / Return Rank
QQXL
BITU
QQXL vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) and Proshares Ultra Bitcoin ETF (BITU). 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
| QQXL | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | -0.37 | +2.32 |
Drawdowns
QQXL vs. BITU - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, smaller than the maximum BITU drawdown of -80.13%. Use the drawdown chart below to compare losses from any high point for QQXL and BITU.
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Drawdown Indicators
| QQXL | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -80.13% | +52.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -80.13% | — |
Current DrawdownCurrent decline from peak | -1.84% | -80.13% | +78.29% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -34.58% | +27.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 50.09% | — |
Volatility
QQXL vs. BITU - Volatility Comparison
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Volatility by Period
| QQXL | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 68.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 87.07% | -50.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 97.43% | -60.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 97.43% | -60.50% |
QQXL vs. BITU - Expense Ratio Comparison
Both QQXL and BITU have an expense ratio of 0.95%.
Dividends
QQXL vs. BITU - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.45%, less than BITU's 88.31% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 88.31% | 50.23% | 0.12% |
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% | 0.00% |
Frequently Asked Questions
QQXL and BITU 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 BITU have the same expense ratio: 0.95% per year.
BITU has the higher dividend yield at 88.31%, compared with 0.45% for QQXL.
QQXL is categorized as Leveraged Equities, while BITU is Cryptocurrency.
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