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 -4.79%/yr vs 19.33%/yr for BITO. At a 0.19 correlation, their price movements are largely independent.
Performance
ACHV vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, ACHV achieves a 2.62% return, which is significantly higher than BITO's -27.53% return.
ACHV
- 1D
- 5.15%
- 1M
- 8.74%
- YTD
- 2.62%
- 6M
- 14.35%
- 1Y
- 52.24%
- 3Y*
- -4.79%
- 5Y*
- -9.48%
- 10Y*
- -45.09%
BITO
- 1D
- 2.34%
- 1M
- -15.24%
- YTD
- -27.53%
- 6M
- -28.30%
- 1Y
- -40.14%
- 3Y*
- 19.33%
- 5Y*
- —
- 10Y*
- —
ACHV vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ACHV Achieve Life Sciences, Inc. | 2.62% | 41.19% | -14.56% | 68.16% | -68.51% | -1.39% |
BITO ProShares Bitcoin Strategy ETF | -27.53% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between ACHV and BITO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.19 |
The correlation between ACHV and BITO shifts across timeframes, from 0.16 (3 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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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 | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.86 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.76 | +1.72 |
| Martin ratioReturn relative to average drawdown | 2.15 | -1.29 | +3.44 |
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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% | -53.10% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -66.58% | -53.10% | -13.48% |
Max Drawdown (5Y)Largest decline over 5 years | -80.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.91% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -50.02% | -49.97% |
Average DrawdownAverage peak-to-trough decline | -83.85% | -36.85% | -47.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.34% | 31.11% | -6.77% |
Volatility
ACHV vs. BITO - Volatility Comparison
Achieve Life Sciences, Inc. (ACHV) has a higher volatility of 21.60% compared to ProShares Bitcoin Strategy ETF (BITO) at 12.60%. 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 | 21.60% | 12.60% | +9.00% |
Volatility (6M)Calculated over the trailing 6-month period | 68.04% | 34.26% | +33.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.86% | 44.05% | +56.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.40% | 55.02% | +19.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.51% | 55.02% | +36.49% |
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 68.72%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ACHV Achieve Life Sciences, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 68.72% | 78.29% | 61.59% | 15.14% |
Frequently Asked Questions
ACHV and BITO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACHV has higher volatility (21.60%) compared to BITO (12.60%). In terms of maximum drawdown, ACHV dropped -100.00% vs BITO's -77.86%.
ACHV currently has the higher Sharpe Ratio (0.52 vs -0.92), 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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