BITI vs. AAPL
Compare and contrast key facts about ProShares Shrt Bitcoin ETF (BITI) and Apple Inc (AAPL).
BITI is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index (-100%). It was launched on Jun 21, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITI or AAPL.
Correlation
The correlation between BITI and AAPL is 0.69, 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
BITI vs. AAPL - Performance Comparison
Key characteristics
BITI:
-0.89
AAPL:
0.65
BITI:
-1.25
AAPL:
1.11
BITI:
0.86
AAPL:
1.16
BITI:
-0.54
AAPL:
0.63
BITI:
-1.42
AAPL:
2.29
BITI:
34.33%
AAPL:
9.23%
BITI:
54.55%
AAPL:
32.77%
BITI:
-90.30%
AAPL:
-81.80%
BITI:
-89.81%
AAPL:
-20.63%
Returns By Period
In the year-to-date period, BITI achieves a -8.26% return, which is significantly higher than AAPL's -17.91% return.
BITI
-8.26%
-16.57%
-34.73%
-45.74%
N/A
N/A
AAPL
-17.91%
1.06%
-7.67%
12.51%
23.70%
22.15%
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Risk-Adjusted Performance
BITI vs. AAPL — Risk-Adjusted Performance Rank
BITI
AAPL
BITI vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) and Apple Inc (AAPL). 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
BITI vs. AAPL - Dividend Comparison
BITI's dividend yield for the trailing twelve months is around 3.23%, more than AAPL's 0.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Shrt Bitcoin ETF | 3.23% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc | 0.49% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
Drawdowns
BITI vs. AAPL - Drawdown Comparison
The maximum BITI drawdown since its inception was -90.30%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for BITI and AAPL. For additional features, visit the drawdowns tool.
Volatility
BITI vs. AAPL - Volatility Comparison
The current volatility for ProShares Shrt Bitcoin ETF (BITI) is 15.85%, while Apple Inc (AAPL) has a volatility of 22.64%. This indicates that BITI experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.