TQQQ vs. BTC-USD
TQQQ (ProShares UltraPro QQQ) is Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, TQQQ returned 42.84%/yr vs 60.03%/yr for BTC-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
TQQQ vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TQQQ achieves a 38.79% return, which is significantly higher than BTC-USD's -27.31% return. Over the past 10 years, TQQQ has underperformed BTC-USD with an annualized return of 42.84%, while BTC-USD has yielded a comparatively higher 60.03% annualized return.
TQQQ
- 1D
- -14.28%
- 1M
- -4.23%
- YTD
- 38.79%
- 6M
- 30.51%
- 1Y
- 98.25%
- 3Y*
- 60.11%
- 5Y*
- 24.09%
- 10Y*
- 42.84%
BTC-USD
- 1D
- 4.53%
- 1M
- -20.68%
- YTD
- -27.31%
- 6M
- -29.64%
- 1Y
- -39.78%
- 3Y*
- 33.88%
- 5Y*
- 13.75%
- 10Y*
- 60.03%
TQQQ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 38.79% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
BTC-USD Bitcoin | -27.31% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between TQQQ and BTC-USD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2012 | 0.13 |
Over the past year, TQQQ and BTC-USD have become more correlated (0.38) than their long-term average of 0.13, meaning their price movements have been converging.
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
TQQQ vs. BTC-USD — Risk / Return Rank
TQQQ
BTC-USD
TQQQ vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and Bitcoin (BTC-USD). 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.
| TQQQ | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +3.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.87 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | -0.78 | +3.60 |
| Martin ratioReturn relative to average drawdown | 9.20 | -1.39 | +10.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TQQQ | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | -0.93 | +3.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.25 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.88 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.13 | -0.42 |
Drawdowns
TQQQ vs. BTC-USD - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for TQQQ and BTC-USD.
Loading charts...
Drawdown Indicators
| TQQQ | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -85.30% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -51.21% | +14.24% |
Max Drawdown (3Y)Largest decline over 3 years | -58.04% | -51.21% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | -76.67% | -4.99% |
Max Drawdown (10Y)Largest decline over 10 years | -81.66% | -83.80% | +2.14% |
Current DrawdownCurrent decline from peak | -16.25% | -49.00% | +32.75% |
Average DrawdownAverage peak-to-trough decline | -18.52% | -42.31% | +23.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.33% | 34.31% | -22.98% |
Volatility
TQQQ vs. BTC-USD - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 20.42% compared to Bitcoin (BTC-USD) at 11.87%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TQQQ | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.42% | 11.87% | +8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 39.33% | 34.58% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.81% | 35.72% | +14.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.79% | 44.96% | +21.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.11% | 56.71% | +9.40% |
Frequently Asked Questions
TQQQ and BTC-USD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (20.42%) compared to BTC-USD (11.87%). In terms of maximum drawdown, TQQQ dropped -81.66% vs BTC-USD's -85.30%.
TQQQ currently has the higher Sharpe Ratio (2.10 vs -0.93), 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.
Find the right allocation for TQQQ and BTC-USD
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