BITO vs. COIN

In the year-to-date period, BITO achieves a 10.44% return, which is significantly higher than COIN's 0.22% return.

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This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Coinbase Global, Inc. (COIN). 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 0.89, which is higher than the COIN Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of BITO and COIN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

BITO's dividend yield for the trailing twelve months is around 57.03%, while COIN has not paid dividends to shareholders.

The maximum BITO drawdown since its inception was -77.86%, smaller than the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for BITO and COIN.

The current volatility for ProShares Bitcoin Strategy ETF (BITO) is 9.61%, while Coinbase Global, Inc. (COIN) has a volatility of 27.38%. This indicates that BITO experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.