ProShares Bitcoin Strategy ETF (BITO)
BITO is an actively managed ETF by ProShares. BITO launched on Oct 19, 2021 and has a 0.95% expense ratio.
ETF Info
| ISIN | US74347G4405 |
|---|---|
| CUSIP | 74347G440 |
| Issuer | ProShares |
| Inception Date | Oct 19, 2021 |
| Category | Technology Equities, Actively Managed, Blockchain |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.proshares.com |
Expense Ratio
BITO has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: BITO vs. BTC-USD, BITO vs. GBTC, BITO vs. IBIT, BITO vs. MSTR, BITO vs. BITX, BITO vs. XBTF, BITO vs. QQQ, BITO vs. COIN, BITO vs. SPY, BITO vs. BKCH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Bitcoin Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares Bitcoin Strategy ETF had a return of 104.81% year-to-date (YTD) and 134.95% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 104.81% | 23.08% |
| 1 month | 34.71% | 0.48% |
| 6 months | 32.88% | 10.70% |
| 1 year | 134.95% | 30.22% |
| 5 years (annualized) | N/A | 13.50% |
| 10 years (annualized) | N/A | 11.11% |
Monthly Returns
The table below presents the monthly returns of BITO, 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 | 0.15% | 44.96% | 13.32% | -17.63% | 14.00% | -11.77% | 8.01% | -10.56% | 8.45% | 9.84% | 104.81% | ||
| 2023 | 40.27% | -0.21% | 22.10% | 2.08% | -8.67% | 12.51% | -5.12% | -10.96% | 2.79% | 28.06% | 8.14% | 10.10% | 137.32% |
| 2022 | -16.40% | 9.19% | 8.26% | -16.53% | -17.66% | -40.86% | 27.73% | -16.65% | -2.99% | 4.84% | -14.88% | -2.52% | -63.91% |
| 2021 | -3.70% | -9.41% | -21.02% | -31.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BITO is 63, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares Bitcoin Strategy ETF provided a 49.45% dividend yield over the last twelve months, with an annual payout of $12.19 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $12.19 | $3.10 |
Dividend yield | 49.45% | 15.14% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Bitcoin Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.36 | $0.73 | $1.15 | $1.68 | $1.77 | $1.50 | $1.45 | $1.21 | $1.09 | $0.99 | $11.92 | |
| 2023 | $0.15 | $0.10 | $0.47 | $0.42 | $0.43 | $0.66 | $0.39 | $0.01 | $0.07 | $0.14 | $0.27 | $3.10 |
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 ProShares Bitcoin Strategy 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 ProShares Bitcoin Strategy ETF was 77.86%, occurring on Nov 21, 2022. Recovery took 495 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -77.86% | Nov 10, 2021 | 260 | Nov 21, 2022 | 495 | Nov 11, 2024 | 755 |
| -12.06% | Oct 21, 2021 | 5 | Oct 27, 2021 | 9 | Nov 9, 2021 | 14 |
| -2.52% | Nov 14, 2024 | 1 | Nov 14, 2024 | 1 | Nov 15, 2024 | 2 |
Volatility
Volatility Chart
The current ProShares Bitcoin Strategy ETF volatility is 18.53%, 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.