TQQQ vs. IBIT
TQQQ (ProShares UltraPro QQQ) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%), while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, TQQQ returned 106.26% vs -40.63% for IBIT. At a 0.41 correlation, their price movements are largely independent. TQQQ charges 0.95%/yr vs 0.25%/yr for IBIT.
Performance
TQQQ vs. IBIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TQQQ achieves a 47.28% return, which is significantly higher than IBIT's -27.41% return.
TQQQ
- 1D
- 1.99%
- 1M
- 0.36%
- YTD
- 47.28%
- 6M
- 47.23%
- 1Y
- 106.26%
- 3Y*
- 59.79%
- 5Y*
- 24.34%
- 10Y*
- 44.55%
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 47.28% | 34.35% | 60.36% |
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
Correlation
The correlation between TQQQ and IBIT is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.41 |
The correlation between TQQQ and IBIT shifts across timeframes, from 0.41 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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. IBIT — Risk / Return Rank
TQQQ
IBIT
TQQQ vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.01 | ||
| Sortino ratioReturn per unit of downside risk | +3.72 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.85 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | -0.78 | +3.67 |
| Martin ratioReturn relative to average drawdown | 9.26 | -1.37 | +10.63 |
Loading charts...
Drawdowns
TQQQ vs. IBIT - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, which is greater than IBIT's maximum drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for TQQQ and IBIT.
Loading charts...
Drawdown Indicators
| TQQQ | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -52.11% | -29.55% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -52.11% | +15.14% |
Max Drawdown (3Y)Largest decline over 3 years | -58.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.66% | — | — |
Current DrawdownCurrent decline from peak | -11.12% | -49.45% | +38.33% |
Average DrawdownAverage peak-to-trough decline | -18.51% | -16.53% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 29.64% | -18.12% |
Volatility
TQQQ vs. IBIT - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 22.79% compared to iShares Bitcoin Trust ETF (IBIT) at 12.07%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TQQQ | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.79% | 12.07% | +10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 41.26% | 34.45% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.24% | 44.10% | +7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.02% | 50.26% | +16.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.22% | 50.26% | +15.96% |
TQQQ vs. IBIT - Expense Ratio Comparison
TQQQ has a 0.95% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
TQQQ vs. IBIT - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 0.41%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.41% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
TQQQ and IBIT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (22.79%) compared to IBIT (12.07%). In terms of maximum drawdown, TQQQ dropped -81.66% vs IBIT's -52.11%.
On 1-year performance, TQQQ leads with 106.26% vs -40.63% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TQQQ has performed better with a 106.26% return vs -40.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.95% for TQQQ.
TQQQ has the higher dividend yield at 0.41%, compared with 0.00% for IBIT.
TQQQ is categorized as Leveraged Equities, while IBIT is Cryptocurrency. TQQQ tracks NASDAQ-100 Index (300%), while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for TQQQ and 0.25% for IBIT.
TQQQ currently has the higher Sharpe Ratio (2.09 vs -0.92), 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 IBIT
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