AVGO vs. BITU
AVGO (Broadcom Inc.) is a stock, while BITU (Proshares Ultra Bitcoin ETF) is Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Over the past year, AVGO returned 59.68% vs -71.62% for BITU. At a 0.30 correlation, their price movements are largely independent.
Performance
AVGO vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, AVGO achieves a 14.06% return, which is significantly higher than BITU's -51.92% return.
AVGO
- 1D
- 3.11%
- 1M
- -7.35%
- YTD
- 14.06%
- 6M
- 16.39%
- 1Y
- 59.68%
- 3Y*
- 67.77%
- 5Y*
- 56.37%
- 10Y*
- 41.61%
BITU
- 1D
- 9.21%
- 1M
- -31.11%
- YTD
- -51.92%
- 6M
- -50.40%
- 1Y
- -71.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGO vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGO Broadcom Inc. | 14.06% | 50.63% | 73.28% |
BITU Proshares Ultra Bitcoin ETF | -51.92% | -37.07% | 41.85% |
Correlation
The correlation between AVGO and BITU is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.30 |
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Return for Risk
AVGO vs. BITU — Risk / Return Rank
AVGO
BITU
AVGO vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) and Proshares Ultra Bitcoin ETF (BITU). 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.
| AVGO | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.85 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.87 | +2.97 |
| Martin ratioReturn relative to average drawdown | 4.85 | -1.38 | +6.23 |
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Drawdowns
AVGO vs. BITU - Drawdown Comparison
The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum BITU drawdown of -82.21%. Use the drawdown chart below to compare losses from any high point for AVGO and BITU.
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Drawdown Indicators
| AVGO | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.30% | -82.21% | +33.91% |
Max Drawdown (1Y)Largest decline over 1 year | -28.67% | -82.21% | +53.54% |
Max Drawdown (3Y)Largest decline over 3 years | -41.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.30% | — | — |
Current DrawdownCurrent decline from peak | -18.20% | -78.50% | +60.30% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -35.10% | +27.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 51.85% | -39.50% |
Volatility
AVGO vs. BITU - Volatility Comparison
The current volatility for Broadcom Inc. (AVGO) is 19.97%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 25.78%. This indicates that AVGO experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGO | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.97% | 25.78% | -5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 35.15% | 70.18% | -35.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.64% | 88.32% | -42.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.42% | 97.56% | -54.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.54% | 97.56% | -58.02% |
Dividends
AVGO vs. BITU - Dividend Comparison
AVGO's dividend yield for the trailing twelve months is around 0.63%, less than BITU's 81.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.63% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
BITU Proshares Ultra Bitcoin ETF | 81.62% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AVGO and BITU have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (25.78%) compared to AVGO (19.97%). In terms of maximum drawdown, AVGO dropped -48.30% vs BITU's -82.21%.
AVGO currently has the higher Sharpe Ratio (1.32 vs -0.81), 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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