AVAL vs. BITO

Last updated Jun 4, 2026

AVAL (Grupo Aval Acciones y Valores S.A.) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, AVAL returned 38.12%/yr vs 25.27%/yr for BITO. At a 0.15 correlation, their price movements are largely independent.

Performance

AVAL vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grupo Aval Acciones y Valores S.A. (AVAL) 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, AVAL achieves a 24.77% return, which is significantly higher than BITO's -26.37% return.

AVAL

• 1D: 0.81%
• 1M: 15.37%
• YTD: 24.77%
• 6M: 20.94%
• 1Y: 76.91%
• 3Y*: 38.12%
• 5Y*: 1.91%
• 10Y*: 1.01%

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)

AVAL vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AVAL Grupo Aval Acciones y Valores S.A.	24.77%	107.81%	-11.10%	3.30%	-47.13%	-13.58%
BITO ProShares Bitcoin Strategy ETF	-26.37%	-11.19%	104.45%	137.33%	-63.91%	-31.09%

Correlation

The correlation between AVAL 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 (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021	0.15

The correlation between AVAL and BITO shifts across timeframes, from 0.13 (3 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AVAL vs. BITO — Risk / Return Rank

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

AVAL

AVAL Risk / Return Rank: 81
AVAL Sharpe Ratio Rank: 85
AVAL Sortino Ratio Rank: 83
AVAL Omega Ratio Rank: 80
AVAL Calmar Ratio Rank: 78
AVAL Martin Ratio Rank: 82

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.

AVAL vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grupo Aval Acciones y Valores S.A. (AVAL) 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.

	AVAL	BITO	Difference
Sharpe ratio Return per unit of total volatility	1.74	-0.95	+2.68
Sortino ratio Return per unit of downside risk	2.54	-1.35	+3.88
Omega ratio Gain probability vs. loss probability	1.31	0.85	+0.46
Calmar ratio Return relative to maximum drawdown	2.39	-0.82	+3.22
Martin ratio Return relative to average drawdown	7.44	-1.41	+8.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVAL vs. BITO - Sharpe Ratio Comparison

The current AVAL Sharpe Ratio is 1.74, which is higher than the BITO Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of AVAL 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

	AVAL	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	-0.95	+2.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	-0.09	0.00

Drawdowns

AVAL vs. BITO - Drawdown Comparison

The maximum AVAL drawdown since its inception was -77.41%, roughly equal to the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for AVAL and BITO.

Drawdown Indicators

	AVAL	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-77.41%	-77.86%	+0.45%
Max Drawdown (1Y) Largest decline over 1 year	-32.30%	-50.05%	+17.75%
Max Drawdown (3Y) Largest decline over 3 years	-32.30%	-50.05%	+17.75%
Max Drawdown (5Y) Largest decline over 5 years	-63.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-72.42%	—	—
Current Drawdown Current decline from peak	-33.61%	-49.22%	+15.61%
Average Drawdown Average peak-to-trough decline	-45.99%	-36.73%	-9.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	29.09%	-18.71%

Volatility

AVAL vs. BITO - Volatility Comparison

Grupo Aval Acciones y Valores S.A. (AVAL) has a higher volatility of 19.51% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.43%. This indicates that AVAL'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

	AVAL	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.51%	9.43%	+10.08%
Volatility (6M) Calculated over the trailing 6-month period	38.36%	34.26%	+4.10%
Volatility (1Y) Calculated over the trailing 1-year period	44.56%	43.57%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.37%	55.11%	-17.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.22%	55.11%	-19.89%

Dividends

AVAL vs. BITO - Dividend Comparison

AVAL's dividend yield for the trailing twelve months is around 2.87%, less than BITO's 67.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVAL Grupo Aval Acciones y Valores S.A.	2.87%	3.14%	6.85%	6.98%	12.61%	5.75%	4.67%	4.15%	4.52%	4.70%	4.84%	6.56%
BITO ProShares Bitcoin Strategy ETF	67.63%	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 AVAL and BITO in my portfolio?

AVAL 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, AVAL or BITO?

AVAL has higher volatility (19.51%) compared to BITO (9.43%). In terms of maximum drawdown, AVAL dropped -77.41% vs BITO's -77.86%.

Which has better risk-adjusted returns?

AVAL currently has the higher Sharpe Ratio (1.74 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.