BITB vs SQQQ

Comparison between Bitwise Bitcoin ETF (BITB, ETF) and ProShares UltraPro Short QQQ -3x Shares (SQQQ, ETF).

BITB vs SQQQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BITB(ETF)	SQQQ(ETF)
Net Assets	$2.90B	$2.90B
Expense Ratio	0.20%	N/A
Max Drawdown	49.38%	100.00%
Sharpe Ratio	-0.36	-2.20
5Y Beta	1.27	0.00
5Y Dividends CAGR	N/A	-29.59%

Net Assets

BITB

$2.90B

SQQQ

$2.90B

Expense Ratio

BITB

0.20%

SQQQ

N/A

Max Drawdown

Winner

BITB

49.38%

SQQQ

100.00%

Sharpe Ratio

Winner

BITB

-0.36

SQQQ

-2.20

5Y Beta

BITB

1.27

Winner

SQQQ

0.00

5Y Dividends CAGR

BITB

N/A

SQQQ

-29.59%

BITB vs SQQQ - Historical Returns

Returns include dividend reinvestment.

Period	BITB	SQQQ
1 month	+11.78%	-37.56%
3 months	+21.31%	-38.20%
6 months	-20.35%	-35.90%
1 year	-19.70%	-64.63%
5 years(CAGR)	N/A	-49.00%
10 years(CAGR)	N/A	-55.94%
Max(CAGR)	+26.92%	-53.19%

Winner

BITB

+11.78%

SQQQ

-37.56%

Winner

BITB

+21.31%

SQQQ

-38.20%

Winner

BITB

-20.35%

SQQQ

-35.90%

Winner

BITB

-19.70%

SQQQ

-64.63%

5Y(CAGR)

BITB

N/A

SQQQ

-49.00%

10Y(CAGR)

BITB

N/A

SQQQ

-55.94%

Max(CAGR)

Winner

BITB

+26.92%

SQQQ

-53.19%

BITB vs SQQQ - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	BITB	SQQQ
2026	-8.79%	-38.28%
2025	-10.26%	-53.38%
2024	+99.10%	-52.16%
2023	N/A	-74.21%
2022	N/A	+88.72%
2021	N/A	-62.50%
2020	N/A	-85.71%
2019	N/A	-65.39%
2018	N/A	-16.47%
2017	N/A	-57.63%
2016	N/A	-34.26%
2015	N/A	-37.90%
2014	N/A	-49.18%
2013	N/A	-60.89%
2012	N/A	-45.47%
2011	N/A	-33.84%
2010	N/A	-59.50%

BITB vs SQQQ Drawdown Comparison

The maximum drawdown for BITB was -49.38%, occurring on Feb 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for SQQQ was -100.00%, occurring on May 11, 2026. This drawdown has not yet recovered.

The current BITB drawdown is -34.80%. The current SQQQ drawdown is -100.00%.

Rank	BITB	SQQQ
#1	-49.38% Oct 6, 2025 - Feb 5, 2026	-100.00% Feb 11, 2010 - May 11, 2026
#2	-28.19% Dec 17, 2024 - May 20, 2025	N/A
#3	-27.44% Mar 13, 2024 - Nov 6, 2024	N/A
#4	-16.25% Jan 11, 2024 - Feb 9, 2024	N/A
#5	-11.96% Aug 13, 2025 - Oct 6, 2025	N/A
#6	-8.50% Mar 4, 2024 - Mar 7, 2024	N/A
#7	-8.45% Nov 22, 2024 - Dec 6, 2024	N/A
#8	-8.38% May 22, 2025 - Jul 9, 2025	N/A
#9	-5.73% Jul 14, 2025 - Aug 13, 2025	N/A
#10	-5.30% Dec 6, 2024 - Dec 13, 2024	N/A
#11	-2.48% Nov 13, 2024 - Nov 15, 2024	N/A
#12	-1.94% Feb 20, 2024 - Feb 22, 2024	N/A
#13	-1.83% Feb 22, 2024 - Feb 26, 2024	N/A
#14	-1.50% Feb 12, 2024 - Feb 14, 2024	N/A
#15	-0.94% Mar 11, 2024 - Mar 13, 2024	N/A

Correlation

Correlation between BITB and SQQQ is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.63

-101