ACHV vs. BITO
ACHV (Achieve Life Sciences, Inc.) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, ACHV returned 4.47%/yr vs 21.20%/yr for BITO. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
ACHV vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, ACHV achieves a 29.18% return, which is significantly higher than BITO's -29.42% return.
ACHV
- 1D
- 1.90%
- 1M
- 0.31%
- 6M
- 53.59%
- YTD
- 29.18%
- 1Y
- 151.76%
- 3Y*
- 4.47%
- 5Y*
- -2.56%
- 10Y*
- -43.62%
- ALL TIME*
- -22.42%
BITO
- 1D
- -2.85%
- 1M
- 2.16%
- 6M
- -26.02%
- YTD
- -29.42%
- 1Y
- -46.40%
- 3Y*
- 21.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -5.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.18M | $8.57M | $10.31M | |
| $1.89B | $2.63B | $2.08B |
ACHV vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ACHV Achieve Life Sciences, Inc. | 29.18% | 41.19% | -14.56% | 68.16% | -68.51% | -1.39% |
BITO ProShares Bitcoin Strategy ETF | -29.42% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between ACHV and BITO is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.18 |
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Return for Risk
ACHV vs. BITO — Risk / Return Rank
ACHV
BITO
ACHV vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Achieve Life Sciences, Inc. (ACHV) 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.
| ACHV | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.71 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.81 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | -0.89 | +3.58 |
| Martin ratioReturn relative to average drawdown | 7.72 | -1.36 | +9.08 |
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Drawdowns
ACHV vs. BITO - Drawdown Comparison
The maximum ACHV drawdown since its inception was -100.00%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for ACHV and BITO.
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Drawdown Indicators
| ACHV | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -77.86% | -22.14% |
Max Drawdown (1Y)Largest decline over 1 year | -54.55% | -54.47% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -66.30% | -54.47% | -11.83% |
Max Drawdown (5Y)Largest decline over 5 years | -80.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.90% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -51.32% | -48.67% |
Average DrawdownAverage peak-to-trough decline | -83.91% | -37.18% | -46.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.98% | 35.48% | -16.50% |
Volatility
ACHV vs. BITO - Volatility Comparison
Achieve Life Sciences, Inc. (ACHV) has a higher volatility of 13.40% compared to ProShares Bitcoin Strategy ETF (BITO) at 8.96%. This indicates that ACHV's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACHV | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.40% | 8.96% | +4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 66.83% | 33.45% | +33.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.73% | 44.19% | +46.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.37% | 54.60% | +19.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.40% | 54.60% | +36.80% |
Dividends
ACHV vs. BITO - Dividend Comparison
ACHV has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 61.66%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ACHV Achieve Life Sciences, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 47.47% | 78.29% | 61.59% | 15.14% |
Frequently Asked Questions
ACHV and BITO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACHV has higher volatility (13.40%) compared to BITO (8.96%). In terms of maximum drawdown, ACHV dropped -100.00% vs BITO's -77.86%.
ACHV currently has the higher Sharpe Ratio (1.62 vs -1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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