BITI vs. MSTY
Compare and contrast key facts about ProShares Shrt Bitcoin ETF (BITI) and YieldMax™ MSTR Option Income Strategy ETF (MSTY).
BITI and MSTY 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. MSTY is an actively managed fund by YieldMax. It was launched on Feb 21, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITI or MSTY.
Correlation
The correlation between BITI and MSTY is -0.37. 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. MSTY - Performance Comparison
Key characteristics
BITI:
-0.89
MSTY:
2.13
BITI:
-1.25
MSTY:
2.58
BITI:
0.86
MSTY:
1.33
BITI:
-0.54
MSTY:
3.98
BITI:
-1.42
MSTY:
9.76
BITI:
34.33%
MSTY:
16.63%
BITI:
54.55%
MSTY:
76.11%
BITI:
-90.29%
MSTY:
-40.82%
BITI:
-89.81%
MSTY:
-7.30%
Returns By Period
In the year-to-date period, BITI achieves a -8.26% return, which is significantly lower than MSTY's 27.91% return.
BITI
-8.26%
-11.81%
-34.74%
-48.25%
N/A
N/A
MSTY
27.91%
22.70%
49.62%
148.90%
N/A
N/A
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BITI vs. MSTY - Expense Ratio Comparison
BITI has a 1.03% expense ratio, which is higher than MSTY's 0.99% expense ratio.
Risk-Adjusted Performance
BITI vs. MSTY — Risk-Adjusted Performance Rank
BITI
MSTY
BITI vs. MSTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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. MSTY - Dividend Comparison
BITI's dividend yield for the trailing twelve months is around 3.23%, less than MSTY's 120.91% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
BITI ProShares Shrt Bitcoin ETF | 3.23% | 3.91% | 3.33% | 0.07% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 120.91% | 104.56% | 0.00% | 0.00% |
Drawdowns
BITI vs. MSTY - Drawdown Comparison
The maximum BITI drawdown since its inception was -90.29%, which is greater than MSTY's maximum drawdown of -40.82%. Use the drawdown chart below to compare losses from any high point for BITI and MSTY. For additional features, visit the drawdowns tool.
Volatility
BITI vs. MSTY - Volatility Comparison
The current volatility for ProShares Shrt Bitcoin ETF (BITI) is 15.85%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 29.67%. This indicates that BITI experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.