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BITO vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between BITO and BTC-USD is 0.41, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

BITO vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Bitcoin Strategy ETF (BITO) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%NovemberDecember2025FebruaryMarchApril
19.80%
45.81%
BITO
BTC-USD

Key characteristics

Sharpe Ratio

BITO:

0.58

BTC-USD:

1.90

Sortino Ratio

BITO:

1.19

BTC-USD:

2.52

Omega Ratio

BITO:

1.14

BTC-USD:

1.26

Calmar Ratio

BITO:

1.03

BTC-USD:

1.68

Martin Ratio

BITO:

2.33

BTC-USD:

8.54

Ulcer Index

BITO:

13.79%

BTC-USD:

11.32%

Daily Std Dev

BITO:

55.22%

BTC-USD:

42.81%

Max Drawdown

BITO:

-77.86%

BTC-USD:

-93.07%

Current Drawdown

BITO:

-14.26%

BTC-USD:

-11.73%

Returns By Period

In the year-to-date period, BITO achieves a -1.44% return, which is significantly lower than BTC-USD's 0.29% return.


BITO

YTD

-1.44%

1M

5.96%

6M

32.61%

1Y

37.76%

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

0.29%

1M

7.12%

6M

37.47%

1Y

45.77%

5Y*

65.44%

10Y*

82.48%

*Annualized

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Risk-Adjusted Performance

BITO vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITO
The Risk-Adjusted Performance Rank of BITO is 7171
Overall Rank
The Sharpe Ratio Rank of BITO is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 7474
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 6767
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 8383
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 6666
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9191
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8787
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8888
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9393
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BITO vs. BTC-USD - Risk-Adjusted Performance Comparison

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 chart of Sharpe ratio for BITO, currently valued at 1.78, compared to the broader market-1.000.001.002.003.004.00
BITO: 1.78
BTC-USD: 2.02
The chart of Sortino ratio for BITO, currently valued at 2.44, compared to the broader market-2.000.002.004.006.008.00
BITO: 2.44
BTC-USD: 2.62
The chart of Omega ratio for BITO, currently valued at 1.28, compared to the broader market0.501.001.502.00
BITO: 1.28
BTC-USD: 1.27
The chart of Calmar ratio for BITO, currently valued at 1.45, compared to the broader market0.002.004.006.008.0010.0012.00
BITO: 1.45
BTC-USD: 1.81
The chart of Martin ratio for BITO, currently valued at 7.56, compared to the broader market0.0020.0040.0060.00
BITO: 7.56
BTC-USD: 9.04

The current BITO Sharpe Ratio is 0.58, which is lower than the BTC-USD Sharpe Ratio of 1.90. 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.


Rolling 12-month Sharpe Ratio0.501.001.502.00NovemberDecember2025FebruaryMarchApril
1.78
2.02
BITO
BTC-USD

Drawdowns

BITO vs. BTC-USD - Drawdown Comparison

The maximum BITO drawdown since its inception was -77.86%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BITO and BTC-USD. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-14.26%
-11.73%
BITO
BTC-USD

Volatility

BITO vs. BTC-USD - Volatility Comparison

ProShares Bitcoin Strategy ETF (BITO) and Bitcoin (BTC-USD) have volatilities of 16.62% and 16.27%, 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.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
16.62%
16.27%
BITO
BTC-USD