BITC vs. BITO
Compare and contrast key facts about Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) and ProShares Bitcoin Strategy ETF (BITO).
BITC and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITC is an actively managed fund by Bitwise. It was launched on Mar 20, 2023. 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: BITC or BITO.
Correlation
The correlation between BITC and BITO is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITC vs. BITO - Performance Comparison
Key characteristics
BITC:
0.32
BITO:
0.49
BITC:
0.82
BITO:
1.07
BITC:
1.11
BITO:
1.12
BITC:
0.50
BITO:
0.86
BITC:
1.04
BITO:
1.97
BITC:
15.04%
BITO:
13.64%
BITC:
48.46%
BITO:
55.17%
BITC:
-31.26%
BITO:
-77.86%
BITC:
-28.88%
BITO:
-22.17%
Returns By Period
In the year-to-date period, BITC achieves a -17.69% return, which is significantly lower than BITO's -10.53% return.
BITC
-17.69%
-12.42%
10.35%
14.43%
N/A
N/A
BITO
-10.53%
-0.83%
19.65%
25.42%
N/A
N/A
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BITC vs. BITO - Expense Ratio Comparison
BITC has a 0.88% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
BITC vs. BITO — Risk-Adjusted Performance Rank
BITC
BITO
BITC vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) 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
BITC vs. BITO - Dividend Comparison
BITC's dividend yield for the trailing twelve months is around 51.85%, less than BITO's 74.66% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BITC Bitwise Bitcoin Strategy Optimum Roll ETF | 51.85% | 42.68% | 5.65% |
BITO ProShares Bitcoin Strategy ETF | 74.66% | 61.58% | 15.14% |
Drawdowns
BITC vs. BITO - Drawdown Comparison
The maximum BITC drawdown since its inception was -31.26%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BITC and BITO. For additional features, visit the drawdowns tool.
Volatility
BITC vs. BITO - Volatility Comparison
The current volatility for Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) is 7.39%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 16.61%. This indicates that BITC experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.