etf
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in etf, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly
The earliest data available for this chart is Jun 27, 2023, corresponding to the inception date of BITX
Returns By Period
Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
---|---|---|---|---|---|---|
^GSPC S&P 500 | 18.42% | 2.28% | 9.95% | 25.31% | 14.08% | 10.95% |
etf | 15.89% | -0.10% | 6.77% | 33.61% | N/A | N/A |
Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | 36.33% | 8.29% | 9.49% | 64.74% | 36.19% | 34.26% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -12.70% | 2.00% | 2.04% | -5.45% | -29.21% | -9.61% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 23.01% | -20.61% | -38.30% | 186.86% | N/A | N/A |
UDOW ProShares UltraPro Dow30 | 24.43% | 8.27% | 13.41% | 51.92% | 13.96% | 20.21% |
BOIL ProShares Ultra Bloomberg Natural Gas | -69.51% | -1.70% | -48.18% | -85.78% | -68.03% | -61.96% |
UCO ProShares Ultra Bloomberg Crude Oil | 8.47% | -7.51% | -6.51% | -15.39% | -23.24% | -34.53% |
NUGT Direxion Daily Gold Miners Bull 2X Shares | 37.31% | 6.24% | 82.69% | 53.09% | -24.73% | -29.61% |
AGQ ProShares Ultra Silver | 29.81% | 0.92% | 40.29% | 19.12% | 0.26% | -4.97% |
URTY ProShares UltraPro Russell2000 | 12.92% | 1.97% | 9.50% | 23.19% | -3.32% | 1.74% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 35.40% | 5.01% | 13.90% | 90.25% | 22.37% | N/A |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -48.27% | -24.18% | -35.51% | -69.23% | -73.28% | -65.87% |
DRN Direxion Daily Real Estate Bull 3x Shares | 17.81% | 10.86% | 26.77% | 45.13% | -12.62% | -0.65% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 23.99% | 10.83% | -19.45% | 62.71% | 30.98% | 36.14% |
Monthly Returns
The table below presents the monthly returns of etf, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -6.25% | 11.21% | 10.23% | -11.57% | 11.29% | -1.75% | 8.24% | 15.89% | |||||
2023 | 1.68% | 5.91% | -9.19% | -12.23% | -1.20% | 14.44% | 16.23% | 12.79% |
Expense Ratio
etf has a high expense ratio of 1.09%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of etf is 16, indicating that it is in the bottom 16% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 1.28 | 1.79 | 1.23 | 1.76 | 5.74 |
TMF Direxion Daily 20-Year Treasury Bull 3X | -0.17 | 0.09 | 1.01 | -0.17 | -0.38 |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 1.38 | 2.17 | 1.26 | 2.56 | 5.95 |
UDOW ProShares UltraPro Dow30 | 1.61 | 2.14 | 1.28 | 1.93 | 6.64 |
BOIL ProShares Ultra Bloomberg Natural Gas | -0.90 | -2.18 | 0.78 | -0.97 | -1.30 |
UCO ProShares Ultra Bloomberg Crude Oil | -0.18 | 0.06 | 1.01 | -0.25 | -0.48 |
NUGT Direxion Daily Gold Miners Bull 2X Shares | 0.78 | 1.41 | 1.17 | 1.16 | 3.19 |
AGQ ProShares Ultra Silver | 0.25 | 0.77 | 1.09 | 0.43 | 0.87 |
URTY ProShares UltraPro Russell2000 | 0.42 | 1.02 | 1.12 | 0.55 | 1.53 |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 1.21 | 1.92 | 1.24 | 1.90 | 4.43 |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -0.65 | -1.10 | 0.87 | -0.89 | -1.19 |
DRN Direxion Daily Real Estate Bull 3x Shares | 0.74 | 1.35 | 1.16 | 0.90 | 2.32 |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.71 | 1.48 | 1.19 | 1.09 | 2.92 |
Dividends
Dividend yield
etf granted a 1.73% dividend yield in the last twelve months.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
etf | 1.73% | 0.83% | 0.60% | 0.36% | 0.34% | 0.43% | 0.61% | 0.21% | 0.43% | 0.02% | 0.04% | 0.07% |
Portfolio components: | ||||||||||||
TQQQ ProShares UltraPro QQQ | 1.25% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% | 0.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 3.16% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 12.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDOW ProShares UltraPro Dow30 | 0.81% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% | 0.35% |
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UCO ProShares Ultra Bloomberg Crude Oil | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUGT Direxion Daily Gold Miners Bull 2X Shares | 1.60% | 1.67% | 0.70% | 0.00% | 0.00% | 0.63% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGQ ProShares Ultra Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URTY ProShares UltraPro Russell2000 | 0.50% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.28% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.19% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% |
UVXY ProShares Ultra VIX Short-Term Futures 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% |
DRN Direxion Daily Real Estate Bull 3x Shares | 2.05% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.72% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the etf. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the etf was 24.29%, occurring on Oct 3, 2023. Recovery took 51 trading sessions.
The current etf drawdown is 7.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-24.29% | Jul 20, 2023 | 53 | Oct 3, 2023 | 51 | Dec 14, 2023 | 104 |
-14.46% | Apr 10, 2024 | 16 | May 1, 2024 | 10 | May 15, 2024 | 26 |
-14.26% | Jul 17, 2024 | 16 | Aug 7, 2024 | — | — | — |
-10.87% | Dec 28, 2023 | 26 | Feb 5, 2024 | 17 | Feb 29, 2024 | 43 |
-10.08% | May 21, 2024 | 28 | Jul 1, 2024 | 10 | Jul 16, 2024 | 38 |
Volatility
Volatility Chart
The current etf volatility is 9.86%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
BOIL | UCO | BITX | TMF | AGQ | NUGT | UVXY | SOXL | DRN | TQQQ | NAIL | UDOW | URTY | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOIL | 1.00 | 0.07 | -0.00 | -0.02 | -0.00 | 0.04 | -0.11 | 0.05 | 0.06 | 0.01 | -0.04 | 0.05 | 0.04 |
UCO | 0.07 | 1.00 | -0.03 | -0.13 | 0.18 | 0.15 | -0.03 | 0.07 | -0.10 | 0.04 | -0.02 | 0.05 | 0.12 |
BITX | -0.00 | -0.03 | 1.00 | 0.04 | 0.10 | 0.12 | -0.16 | 0.20 | 0.20 | 0.22 | 0.22 | 0.23 | 0.32 |
TMF | -0.02 | -0.13 | 0.04 | 1.00 | 0.17 | 0.30 | -0.14 | 0.12 | 0.43 | 0.19 | 0.38 | 0.22 | 0.27 |
AGQ | -0.00 | 0.18 | 0.10 | 0.17 | 1.00 | 0.76 | -0.09 | 0.19 | 0.23 | 0.21 | 0.19 | 0.24 | 0.31 |
NUGT | 0.04 | 0.15 | 0.12 | 0.30 | 0.76 | 1.00 | -0.19 | 0.29 | 0.40 | 0.31 | 0.37 | 0.38 | 0.48 |
UVXY | -0.11 | -0.03 | -0.16 | -0.14 | -0.09 | -0.19 | 1.00 | -0.53 | -0.37 | -0.63 | -0.46 | -0.59 | -0.53 |
SOXL | 0.05 | 0.07 | 0.20 | 0.12 | 0.19 | 0.29 | -0.53 | 1.00 | 0.31 | 0.86 | 0.53 | 0.46 | 0.59 |
DRN | 0.06 | -0.10 | 0.20 | 0.43 | 0.23 | 0.40 | -0.37 | 0.31 | 1.00 | 0.36 | 0.59 | 0.63 | 0.65 |
TQQQ | 0.01 | 0.04 | 0.22 | 0.19 | 0.21 | 0.31 | -0.63 | 0.86 | 0.36 | 1.00 | 0.54 | 0.61 | 0.59 |
NAIL | -0.04 | -0.02 | 0.22 | 0.38 | 0.19 | 0.37 | -0.46 | 0.53 | 0.59 | 0.54 | 1.00 | 0.65 | 0.77 |
UDOW | 0.05 | 0.05 | 0.23 | 0.22 | 0.24 | 0.38 | -0.59 | 0.46 | 0.63 | 0.61 | 0.65 | 1.00 | 0.73 |
URTY | 0.04 | 0.12 | 0.32 | 0.27 | 0.31 | 0.48 | -0.53 | 0.59 | 0.65 | 0.59 | 0.77 | 0.73 | 1.00 |