Proshares Ultra Bitcoin ETF (BITU)
BITU is a passive ETF by ProShares tracking the investment results of the Bloomberg Bitcoin Index - Benchmark TR Gross. BITU launched on Apr 1, 2024 and has a 0.95% expense ratio.
ETF Info
| Issuer | ProShares |
|---|---|
| Inception Date | Apr 1, 2024 |
| Category | Blockchain |
| Leveraged | 1x |
| Index Tracked | Bloomberg Bitcoin Index - Benchmark TR Gross |
| Asset Class | Cryptocurrency |
Expense Ratio
BITU 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
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Popular comparisons: BITU vs. BITX, BITU vs. BITO, BITU vs. BTFX, BITU vs. BTC-USD, BITU vs. CONL, BITU vs. IBIT, BITU vs. MSTR, BITU vs. BITB, BITU vs. CRPT, BITU vs. ERX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Proshares Ultra Bitcoin 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 22.49% |
| 1 month | 32.94% | 3.72% |
| 6 months | -2.69% | 16.33% |
| 1 year | N/A | 33.60% |
| 5 years (annualized) | N/A | 14.41% |
| 10 years (annualized) | N/A | 11.99% |
Monthly Returns
The table below presents the monthly returns of BITU, 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 | -22.28% | 25.33% | -23.56% | 13.39% | -24.86% | 13.90% | -18.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Proshares Ultra Bitcoin ETF granted a 0.20% dividend yield in the last twelve months. The annual payout for that period amounted to $0.06 per share.
| Period | TTM |
|---|---|
| Dividend | $0.06 |
Dividend yield | 0.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Proshares Ultra Bitcoin 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 | $0.02 | $0.02 | $0.02 | $0.01 | $0.00 | $0.00 | $0.06 |
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 Ultra Bitcoin 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 Ultra Bitcoin ETF was 55.23%, occurring on Sep 6, 2024. The portfolio has not yet recovered.
The current Proshares Ultra Bitcoin ETF drawdown is 30.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.23% | Apr 9, 2024 | 105 | Sep 6, 2024 | — | — | — |
| -3.43% | Apr 5, 2024 | 1 | Apr 5, 2024 | 1 | Apr 8, 2024 | 2 |
| -0.63% | Apr 3, 2024 | 1 | Apr 3, 2024 | 1 | Apr 4, 2024 | 2 |
Volatility
Volatility Chart
The current Proshares Ultra Bitcoin ETF volatility is 23.70%, 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.