AUMI vs. BITO

Last updated Jun 4, 2026

AUMI (Themes Gold Miners ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index, while BITO is a Cryptocurrency fund actively managed by ProShares. AUMI is passively managed, while BITO is actively managed. Over the past year, AUMI returned 48.97% vs -41.01% for BITO. At a 0.19 correlation, their price movements are largely independent. AUMI charges 0.35%/yr vs 0.95%/yr for BITO.

Performance

AUMI vs. BITO - Performance Comparison

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

Returns By Period

In the year-to-date period, AUMI achieves a -5.96% return, which is significantly higher than BITO's -26.37% return.

AUMI

• 1D: -2.93%
• 1M: -3.79%
• YTD: -5.96%
• 6M: -0.21%
• 1Y: 48.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITO

• 1D: -2.94%
• 1M: -18.61%
• YTD: -26.37%
• 6M: -30.81%
• 1Y: -41.01%
• 3Y*: 25.27%
• 5Y*: —
• 10Y*: —

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

AUMI vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AUMI Themes Gold Miners ETF	-5.96%	164.18%	30.61%	4.25%
BITO ProShares Bitcoin Strategy ETF	-26.37%	-11.19%	104.45%	-2.94%

Correlation

The correlation between AUMI and BITO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.19

AUMI vs. BITO - Sectors Allocation Comparison

Sectors	AUMI	BITO
Basic Materials	99.5%	-
Communication Services	0.2%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	68.5%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

AUMI vs. BITO — Risk / Return Rank

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

AUMI

AUMI Risk / Return Rank: 28
AUMI Sharpe Ratio Rank: 28
AUMI Sortino Ratio Rank: 27
AUMI Omega Ratio Rank: 29
AUMI Calmar Ratio Rank: 31
AUMI Martin Ratio Rank: 28

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 2
BITO Sortino Ratio Rank: 2
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.

AUMI vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Gold Miners ETF (AUMI) 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.

	AUMI	BITO	Difference
Sharpe ratio Return per unit of total volatility	1.03	-0.95	+1.97
Sortino ratio Return per unit of downside risk	1.48	-1.35	+2.83
Omega ratio Gain probability vs. loss probability	1.20	0.85	+0.35
Calmar ratio Return relative to maximum drawdown	1.54	-0.82	+2.37
Martin ratio Return relative to average drawdown	3.94	-1.41	+5.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUMI vs. BITO - Sharpe Ratio Comparison

The current AUMI Sharpe Ratio is 1.03, which is higher than the BITO Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of AUMI 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.

Sharpe Ratios by Period

	AUMI	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	-0.95	+1.97
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	-0.09	+1.64

Drawdowns

AUMI vs. BITO - Drawdown Comparison

The maximum AUMI drawdown since its inception was -31.88%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for AUMI and BITO.

Drawdown Indicators

	AUMI	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-77.86%	+45.98%
Max Drawdown (1Y) Largest decline over 1 year	-31.88%	-50.05%	+18.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-50.05%	—
Current Drawdown Current decline from peak	-29.25%	-49.22%	+19.97%
Average Drawdown Average peak-to-trough decline	-7.06%	-36.73%	+29.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.46%	29.09%	-16.63%

Volatility

AUMI vs. BITO - Volatility Comparison

Themes Gold Miners ETF (AUMI) has a higher volatility of 14.46% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.43%. This indicates that AUMI'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.

Volatility by Period

	AUMI	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	9.43%	+5.03%
Volatility (6M) Calculated over the trailing 6-month period	38.54%	34.26%	+4.28%
Volatility (1Y) Calculated over the trailing 1-year period	47.95%	43.57%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.57%	55.11%	-13.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.57%	55.11%	-13.54%

AUMI vs. BITO - Expense Ratio Comparison

AUMI has a 0.35% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

AUMI vs. BITO - Dividend Comparison

AUMI's dividend yield for the trailing twelve months is around 0.92%, less than BITO's 67.63% yield.

Position	TTM	2025	2024	2023
AUMI Themes Gold Miners ETF	0.92%	0.86%	1.84%	0.00%
BITO ProShares Bitcoin Strategy ETF	67.63%	78.29%	61.59%	15.14%

Frequently Asked Questions

Can I hold both AUMI and BITO in my portfolio?

AUMI and BITO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUMI or BITO?

AUMI has higher volatility (14.46%) compared to BITO (9.43%). In terms of maximum drawdown, AUMI dropped -31.88% vs BITO's -77.86%.

Which ETF is better, AUMI or BITO?

On 1-year performance, AUMI leads with 48.97% vs -41.01% for BITO. On fees, AUMI is cheaper at 0.35% per year. On volatility, BITO has been the lower-risk option at 9.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUMI or BITO?

Over the 1-year period, AUMI has performed better with a 48.97% return vs -41.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUMI or BITO?

AUMI is cheaper with a 0.35% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, AUMI or BITO?

BITO has the higher dividend yield at 67.63%, compared with 0.92% for AUMI.

What is the main difference between AUMI and BITO?

AUMI is categorized as Gold, while BITO is Cryptocurrency. They also come from different issuers: Themes and ProShares. Their fees differ too: 0.35% for AUMI and 0.95% for BITO.

Which has better risk-adjusted returns?

AUMI currently has the higher Sharpe Ratio (1.03 vs -0.94), 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.