BCHG vs. BITO
Compare and contrast key facts about Grayscale Bitcoin Cash Trust (BCHG) and ProShares Bitcoin Strategy ETF (BITO).
BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCHG or BITO.
Correlation
The correlation between BCHG and BITO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BCHG vs. BITO - Performance Comparison
Key characteristics
BCHG:
-0.11
BITO:
1.46
BCHG:
0.90
BITO:
2.15
BCHG:
1.10
BITO:
1.25
BCHG:
-0.16
BITO:
2.62
BCHG:
-0.26
BITO:
6.09
BCHG:
58.80%
BITO:
13.58%
BCHG:
137.90%
BITO:
56.66%
BCHG:
-99.36%
BITO:
-77.86%
BCHG:
-93.74%
BITO:
-10.19%
Returns By Period
In the year-to-date period, BCHG achieves a -32.86% return, which is significantly lower than BITO's 3.23% return.
BCHG
-32.86%
-31.33%
-43.15%
3.37%
N/A
N/A
BITO
3.23%
-7.74%
59.80%
73.95%
N/A
N/A
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Risk-Adjusted Performance
BCHG vs. BITO — Risk-Adjusted Performance Rank
BCHG
BITO
BCHG vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Cash Trust (BCHG) 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.
Dividends
BCHG vs. BITO - Dividend Comparison
BCHG has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 64.59%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BCHG Grayscale Bitcoin Cash Trust | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 64.59% | 61.58% | 15.14% |
Drawdowns
BCHG vs. BITO - Drawdown Comparison
The maximum BCHG drawdown since its inception was -99.36%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BCHG and BITO. For additional features, visit the drawdowns tool.
Volatility
BCHG vs. BITO - Volatility Comparison
Grayscale Bitcoin Cash Trust (BCHG) has a higher volatility of 24.06% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.53%. This indicates that BCHG'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.