BITO vs. BITU
Compare and contrast key facts about ProShares Bitcoin Strategy ETF (BITO) and Proshares Ultra Bitcoin ETF (BITU).
BITO and BITU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITO or BITU.
Correlation
The correlation between BITO and BITU is 1.00, 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
BITO vs. BITU - Performance Comparison
Key characteristics
BITO:
0.49
BITU:
0.12
BITO:
1.07
BITU:
0.99
BITO:
1.12
BITU:
1.11
BITO:
0.86
BITU:
0.24
BITO:
1.97
BITU:
0.46
BITO:
13.64%
BITU:
28.76%
BITO:
55.17%
BITU:
108.83%
BITO:
-77.86%
BITU:
-55.28%
BITO:
-22.17%
BITU:
-46.04%
Returns By Period
In the year-to-date period, BITO achieves a -10.53% return, which is significantly higher than BITU's -27.55% return.
BITO
-10.53%
1.03%
19.65%
23.95%
N/A
N/A
BITU
-27.55%
-1.55%
20.44%
7.89%
N/A
N/A
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BITO vs. BITU - Expense Ratio Comparison
Both BITO and BITU have an expense ratio of 0.95%.
Risk-Adjusted Performance
BITO vs. BITU — Risk-Adjusted Performance Rank
BITO
BITU
BITO vs. BITU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Proshares Ultra Bitcoin ETF (BITU). 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
BITO vs. BITU - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 74.67%, more than BITU's 6.03% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 74.67% | 61.59% | 15.14% |
BITU Proshares Ultra Bitcoin ETF | 6.03% | 0.12% | 0.00% |
Drawdowns
BITO vs. BITU - Drawdown Comparison
The maximum BITO drawdown since its inception was -77.86%, which is greater than BITU's maximum drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for BITO and BITU. For additional features, visit the drawdowns tool.
Volatility
BITO vs. BITU - Volatility Comparison
The current volatility for ProShares Bitcoin Strategy ETF (BITO) is 16.61%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 32.93%. This indicates that BITO experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.