BITI vs. BITO
Compare and contrast key facts about ProShares Shrt Bitcoin ETF (BITI) and ProShares Bitcoin Strategy ETF (BITO).
BITI and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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: BITI or BITO.
Correlation
The correlation between BITI and BITO is -0.36. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BITI vs. BITO - Performance Comparison
Key characteristics
BITI:
-0.89
BITO:
1.00
BITI:
-1.25
BITO:
1.65
BITI:
0.86
BITO:
1.19
BITI:
-0.54
BITO:
1.75
BITI:
-1.42
BITO:
3.95
BITI:
34.33%
BITO:
13.80%
BITI:
54.55%
BITO:
54.54%
BITI:
-90.30%
BITO:
-77.86%
BITI:
-89.81%
BITO:
-11.57%
Returns By Period
In the year-to-date period, BITI achieves a -8.26% return, which is significantly lower than BITO's 1.65% return.
BITI
-8.26%
-16.57%
-34.73%
-45.74%
N/A
N/A
BITO
1.65%
17.95%
34.95%
46.61%
N/A
N/A
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BITI vs. BITO - Expense Ratio Comparison
BITI has a 1.03% expense ratio, which is higher than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
BITI vs. BITO — Risk-Adjusted Performance Rank
BITI
BITO
BITI vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) 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
BITI vs. BITO - Dividend Comparison
BITI's dividend yield for the trailing twelve months is around 3.23%, less than BITO's 61.96% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
BITI ProShares Shrt Bitcoin ETF | 3.23% | 3.91% | 3.33% | 0.06% |
BITO ProShares Bitcoin Strategy ETF | 61.96% | 61.58% | 15.14% | 0.00% |
Drawdowns
BITI vs. BITO - Drawdown Comparison
The maximum BITI drawdown since its inception was -90.30%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BITI and BITO. For additional features, visit the drawdowns tool.
Volatility
BITI vs. BITO - Volatility Comparison
ProShares Shrt Bitcoin ETF (BITI) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 15.85% and 15.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.