BITO vs. CORA.L
BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares, while CORA.L (Cora Gold Limited) is a stock. Over the past 3 years, BITO returned 25.35%/yr vs 40.91%/yr for CORA.L. At a 0.11 correlation, their price movements are largely independent.
Performance
BITO vs. CORA.L - Performance Comparison
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Different Trading Currencies
BITO is traded in USD, while CORA.L is traded in GBp. To make them comparable, the CORA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BITO achieves a -28.69% return, which is significantly lower than CORA.L's 39.50% return.
BITO
- 1D
- 4.87%
- 1M
- -21.24%
- YTD
- -28.69%
- 6M
- -31.34%
- 1Y
- -41.80%
- 3Y*
- 25.35%
- 5Y*
- —
- 10Y*
- —
CORA.L
- 1D
- 0.05%
- 1M
- -7.03%
- YTD
- 39.50%
- 6M
- 55.16%
- 1Y
- 20.88%
- 3Y*
- 40.91%
- 5Y*
- 0.51%
- 10Y*
- —
BITO vs. CORA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | -28.69% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
CORA.L Cora Gold Limited | 39.50% | 196.30% | 7.07% | -43.94% | -59.86% | -33.79% |
Correlation
The correlation between BITO and CORA.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.11 |
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Return for Risk
BITO vs. CORA.L — Risk / Return Rank
BITO
CORA.L
BITO vs. CORA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Cora Gold Limited (CORA.L). 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.
| BITO | CORA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.17 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.41 | -1.20 |
| Martin ratioReturn relative to average drawdown | -1.41 | 0.90 | -2.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITO | CORA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.95 | 0.25 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | -0.09 | -0.02 |
Drawdowns
BITO vs. CORA.L - Drawdown Comparison
The maximum BITO drawdown since its inception was -77.86%, smaller than the maximum CORA.L drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for BITO and CORA.L.
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Drawdown Indicators
| BITO | CORA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.86% | -92.89% | +15.03% |
Max Drawdown (1Y)Largest decline over 1 year | -53.10% | -50.63% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -53.10% | -60.42% | +7.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -92.89% | — |
Current DrawdownCurrent decline from peak | -50.82% | -51.52% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -36.77% | -62.76% | +25.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.63% | 23.04% | +6.59% |
Volatility
BITO vs. CORA.L - Volatility Comparison
ProShares Bitcoin Strategy ETF (BITO) has a higher volatility of 11.55% compared to Cora Gold Limited (CORA.L) at 4.90%. This indicates that BITO's price experiences larger fluctuations and is considered to be riskier than CORA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITO | CORA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.55% | 4.90% | +6.65% |
Volatility (6M)Calculated over the trailing 6-month period | 34.35% | 60.82% | -26.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.07% | 84.61% | -40.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.15% | 65.13% | -9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.15% | 66.68% | -11.53% |
Dividends
BITO vs. CORA.L - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 69.83%, while CORA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 69.83% | 78.29% | 61.59% | 15.14% |
CORA.L Cora Gold Limited | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITO and CORA.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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