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 44.63%/yr vs 56.82%/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 47.51% return, which is significantly higher than BTC-USD's -31.78% return. Over the past 10 years, TQQQ has underperformed BTC-USD with an annualized return of 44.63%, while BTC-USD has yielded a comparatively higher 56.82% annualized return.
TQQQ
- 1D
- -4.37%
- 1M
- -9.76%
- YTD
- 47.51%
- 6M
- 47.51%
- 1Y
- 92.76%
- 3Y*
- 57.53%
- 5Y*
- 20.74%
- 10Y*
- 44.63%
BTC-USD
- 1D
- 2.00%
- 1M
- -16.29%
- YTD
- -31.78%
- 6M
- -31.78%
- 1Y
- -43.53%
- 3Y*
- 24.93%
- 5Y*
- 12.04%
- 10Y*
- 56.82%
TQQQ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 47.51% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
BTC-USD Bitcoin | -31.78% | -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 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2012 | 0.13 |
Over the past year, TQQQ and BTC-USD have become more correlated (0.36) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TQQQ | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.74 | ||
| Sortino ratioReturn per unit of downside risk | +3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.85 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | -0.82 | +3.34 |
| Martin ratioReturn relative to average drawdown | 7.91 | -1.39 | +9.29 |
Loading charts...
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% | -53.08% | +16.11% |
Max Drawdown (3Y)Largest decline over 3 years | -58.04% | -53.08% | -4.96% |
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 | -10.99% | -52.14% | +41.15% |
Average DrawdownAverage peak-to-trough decline | -18.49% | -42.47% | +23.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.77% | 32.43% | -20.66% |
Volatility
TQQQ vs. BTC-USD - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 28.72% compared to Bitcoin (BTC-USD) at 12.69%. 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 | 28.72% | 12.69% | +16.03% |
Volatility (6M)Calculated over the trailing 6-month period | 44.49% | 34.87% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.20% | 35.71% | +18.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.57% | 44.01% | +23.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.31% | 56.37% | +9.94% |
Frequently Asked Questions
TQQQ and BTC-USD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (28.72%) compared to BTC-USD (12.69%). In terms of maximum drawdown, TQQQ dropped -81.66% vs BTC-USD's -85.30%.
TQQQ currently has the higher Sharpe Ratio (1.72 vs -1.01), 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