1816.HK vs. BITO

Last updated Jul 21, 2026

1816.HK (CGN Power) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, 1816.HK returned 19.17%/yr vs 21.69%/yr for BITO. At a 0.04 correlation, their price movements are largely independent.

Performance

1816.HK vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in CGN Power (1816.HK) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

1816.HK is traded in HKD, while BITO is traded in USD. To make them comparable, the BITO values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 1816.HK achieves a 1.35% return, which is significantly higher than BITO's -26.40% return.

1816.HK

• 1D: 5.49%
• 1M: 0.35%
• 6M: -5.13%
• YTD: 1.35%
• 1Y: 4.19%
• 3Y*: 19.17%
• 5Y*: 16.01%
• 10Y*: 6.71%
• ALL TIME*: 2.16%

BITO

• 1D: 1.51%
• 1M: 3.22%
• 6M: -32.63%
• YTD: -26.40%
• 1Y: -46.70%
• 3Y*: 21.69%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

1816.HK vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
1816.HK CGN Power	1.35%	7.04%	44.53%	15.25%	-17.57%	8.72%
BITO ProShares Bitcoin Strategy ETF	-26.40%	-11.02%	103.39%	137.30%	-63.85%	-29.11%

Correlation

The correlation between 1816.HK and BITO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021	0.04

Return for Risk

1816.HK vs. BITO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

1816.HK

1816.HK Risk / Return Rank: 49
1816.HK Sharpe Ratio Rank: 52
1816.HK Sortino Ratio Rank: 46
1816.HK Omega Ratio Rank: 44
1816.HK Calmar Ratio Rank: 50
1816.HK Martin Ratio Rank: 52

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 1
BITO Sortino Ratio Rank: 1
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

1816.HK vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CGN Power (1816.HK) and ProShares Bitcoin Strategy ETF (BITO). 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.

	1816.HK	BITO	Difference
Sharpe ratio: Return per unit of total volatility	0.16	-1.06	+1.22
Sortino ratio: Return per unit of downside risk	0.46	-1.62	+2.08
Omega ratio: Gain probability vs. loss probability	1.05	0.82	+0.23
Calmar ratio: Return relative to maximum drawdown	0.16	-0.87	+1.03
Martin ratio: Return relative to average drawdown	0.42	-1.37	+1.80

1816.HK vs. BITO - Sharpe Ratio Comparison

The current 1816.HK Sharpe Ratio is 0.16, which is higher than the BITO Sharpe Ratio of -1.06. The chart below compares the historical Sharpe Ratios of 1816.HK and BITO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

1816.HK vs. BITO - Drawdown Comparison

The maximum 1816.HK drawdown since its inception was -68.29%, smaller than the maximum BITO drawdown of -77.83%. Use the drawdown chart below to compare losses from any high point for 1816.HK and BITO.

Drawdown Indicators

	1816.HK	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-68.29%	-77.83%	+9.54%
Max Drawdown (1Y) Largest decline over 1 year	-26.94%	-54.12%	+27.18%
Max Drawdown (3Y) Largest decline over 3 years	-35.46%	-54.12%	+18.66%
Max Drawdown (5Y) Largest decline over 5 years	-35.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.46%	—	—
Current Drawdown Current decline from peak	-20.60%	-49.23%	+28.63%
Average Drawdown Average peak-to-trough decline	-46.62%	-36.95%	-9.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.05%	34.02%	-23.97%

Volatility

1816.HK vs. BITO - Volatility Comparison

The current volatility for CGN Power (1816.HK) is 7.99%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 10.31%. This indicates that 1816.HK experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1816.HK	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	10.31%	-2.32%
Volatility (6M) Calculated over the trailing 6-month period	20.16%	34.27%	-14.11%
Volatility (1Y) Calculated over the trailing 1-year period	26.51%	44.20%	-17.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.36%	54.79%	-24.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.53%	54.79%	-28.26%

Dividends

1816.HK vs. BITO - Dividend Comparison

1816.HK's dividend yield for the trailing twelve months is around 3.42%, less than BITO's 59.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1816.HK CGN Power	3.42%	3.52%	3.62%	4.74%	5.31%	4.08%	4.97%	4.05%	4.48%	2.73%	2.34%	0.11%
BITO ProShares Bitcoin Strategy ETF	59.56%	78.29%	61.59%	15.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both 1816.HK and BITO in my portfolio?

1816.HK and BITO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.