WBTC.PA vs. QQQ
WBTC.PA (WisdomTree Physical Bitcoin) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - WBTC.PA is a fund fund actively managed by WisdomTree, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. WBTC.PA is actively managed, while QQQ is passively managed. Over the past 5 years, WBTC.PA returned 12.06%/yr vs 15.44%/yr for QQQ. At a 0.08 correlation, their price movements are largely independent. WBTC.PA charges 0.25%/yr vs 0.18%/yr for QQQ.
Performance
WBTC.PA vs. QQQ - Performance Comparison
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Different Trading Currencies
WBTC.PA is traded in EUR, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WBTC.PA achieves a 76.74% return, which is significantly higher than QQQ's 16.87% return.
WBTC.PA
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- -28.37%
- YTD
- 76.74%
- 1Y
- -95.58%
- 3Y*
- 20.91%
- 5Y*
- 12.06%
- 10Y*
- —
- ALL TIME*
- 11.63%
QQQ
- 1D
- 0.31%
- 1M
- -5.52%
- 6M
- 14.12%
- YTD
- 16.87%
- 1Y
- 26.88%
- 3Y*
- 22.48%
- 5Y*
- 15.44%
- 10Y*
- 20.25%
- ALL TIME*
- 16.96%
WBTC.PA vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WBTC.PA WisdomTree Physical Bitcoin | 76.74% | -97.50% | 3,900.00% | 0.00% | 0.00% | -0.47% |
QQQ Invesco QQQ ETF | 16.87% | 6.44% | 33.87% | 50.21% | -28.40% | 28.23% |
Correlation
The correlation between WBTC.PA and QQQ is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2021 | 0.08 |
The correlation between WBTC.PA and QQQ shifts across timeframes, from 0.08 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WBTC.PA vs. QQQ — Risk / Return Rank
WBTC.PA
QQQ
WBTC.PA vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Bitcoin (WBTC.PA) and Invesco QQQ ETF (QQQ). 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.
| WBTC.PA | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.26 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.45 | -3.43 |
| Martin ratioReturn relative to average drawdown | -1.11 | 7.34 | -8.45 |
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Drawdowns
WBTC.PA vs. QQQ - Drawdown Comparison
The maximum WBTC.PA drawdown since its inception was -97.50%, which is greater than QQQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for WBTC.PA and QQQ.
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Drawdown Indicators
| WBTC.PA | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.50% | -46.01% | -51.49% |
Max Drawdown (1Y)Largest decline over 1 year | -97.50% | -11.01% | -86.49% |
Max Drawdown (3Y)Largest decline over 3 years | -97.50% | -27.21% | -70.29% |
Max Drawdown (5Y)Largest decline over 5 years | -97.50% | -30.99% | -66.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.99% | — |
Current DrawdownCurrent decline from peak | -95.58% | -5.59% | -89.99% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -7.81% | -10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 86.05% | 3.67% | +82.38% |
Volatility
WBTC.PA vs. QQQ - Volatility Comparison
WisdomTree Physical Bitcoin (WBTC.PA) has a higher volatility of 10.18% compared to Invesco QQQ ETF (QQQ) at 7.09%. This indicates that WBTC.PA's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WBTC.PA | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.18% | 7.09% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 29.81% | 14.47% | +15.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 180.31% | 18.50% | +161.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1,733.65% | 22.39% | +1,711.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,709.74% | 22.77% | +1,686.97% |
WBTC.PA vs. QQQ - Expense Ratio Comparison
WBTC.PA has a 0.25% expense ratio, which is higher than QQQ's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WBTC.PA vs. QQQ - Dividend Comparison
WBTC.PA has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
WBTC.PA WisdomTree Physical Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WBTC.PA and QQQ have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.25% for WBTC.PA.
They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.25% for WBTC.PA and 0.18% for QQQ.
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