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BITO vs. COIN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BITO and COIN 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.


Performance

BITO vs. COIN - Performance Comparison

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

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Key characteristics

Sharpe Ratio

BITO:

1.02

COIN:

-0.06

Sortino Ratio

BITO:

1.63

COIN:

0.49

Omega Ratio

BITO:

1.19

COIN:

1.06

Calmar Ratio

BITO:

1.72

COIN:

-0.12

Martin Ratio

BITO:

3.87

COIN:

-0.25

Ulcer Index

BITO:

13.89%

COIN:

27.87%

Daily Std Dev

BITO:

54.51%

COIN:

83.00%

Max Drawdown

BITO:

-77.86%

COIN:

-90.90%

Current Drawdown

BITO:

-5.86%

COIN:

-44.23%

Returns By Period

In the year-to-date period, BITO achieves a 8.21% return, which is significantly higher than COIN's -19.73% return.


BITO

YTD

8.21%

1M

29.33%

6M

29.64%

1Y

59.74%

5Y*

N/A

10Y*

N/A

COIN

YTD

-19.73%

1M

17.51%

6M

-26.38%

1Y

-0.80%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

BITO vs. COIN — 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 8484
Overall Rank
The Sharpe Ratio Rank of BITO is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 8585
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 8080
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 9292
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 8181
Martin Ratio Rank

COIN
The Risk-Adjusted Performance Rank of COIN is 4848
Overall Rank
The Sharpe Ratio Rank of COIN is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of COIN is 5252
Sortino Ratio Rank
The Omega Ratio Rank of COIN is 4949
Omega Ratio Rank
The Calmar Ratio Rank of COIN is 4444
Calmar Ratio Rank
The Martin Ratio Rank of COIN is 4646
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. COIN - Risk-Adjusted Performance Comparison

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 1.02, 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.


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Dividends

BITO vs. COIN - Dividend Comparison

BITO's dividend yield for the trailing twelve months is around 58.21%, while COIN has not paid dividends to shareholders.


TTM20242023
BITO
ProShares Bitcoin Strategy ETF
58.21%61.58%15.14%
COIN
Coinbase Global, Inc.
0.00%0.00%0.00%

Drawdowns

BITO vs. COIN - Drawdown Comparison

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. For additional features, visit the drawdowns tool.


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Volatility

BITO vs. COIN - Volatility Comparison

The current volatility for ProShares Bitcoin Strategy ETF (BITO) is 10.70%, while Coinbase Global, Inc. (COIN) has a volatility of 14.12%. 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.


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