BITO vs. BTC-USD

In the year-to-date period, BITO achieves a 9.30% return, which is significantly lower than BTC-USD's 13.07% return.

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This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Bitcoin (BTC-USD). 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.

The current BITO Sharpe Ratio is 0.80, which is comparable to the BTC-USD Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of BITO and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum BITO drawdown since its inception was -77.86%, smaller than the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for BITO and BTC-USD.

The current volatility for ProShares Bitcoin Strategy ETF (BITO) is 9.55%, while Bitcoin (BTC-USD) has a volatility of 10.22%. This indicates that BITO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.