BITO vs. FCPT
Compare and contrast key facts about ProShares Bitcoin Strategy ETF (BITO) and Four Corners Property Trust, Inc. (FCPT).
BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITO or FCPT.
Key characteristics
| BITO | FCPT | |
|---|---|---|
| YTD Return | 45.29% | -8.81% |
| 1Y Return | 96.08% | -8.14% |
| Sharpe Ratio | 1.77 | -0.31 |
| Daily Std Dev | 50.75% | 21.15% |
| Max Drawdown | -77.86% | -57.60% |
| Current Drawdown | -16.98% | -15.99% |
Correlation
The correlation between BITO and FCPT is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITO vs. FCPT - Performance Comparison
In the year-to-date period, BITO achieves a 45.29% return, which is significantly higher than FCPT's -8.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BITO vs. FCPT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Four Corners Property Trust, Inc. (FCPT). 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.
Dividends
BITO vs. FCPT - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 16.81%, more than FCPT's 6.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 16.81% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCPT Four Corners Property Trust, Inc. | 6.02% | 5.40% | 5.16% | 4.38% | 5.17% | 4.08% | 3.15% | 3.90% | 45.27% |
Drawdowns
BITO vs. FCPT - Drawdown Comparison
The maximum BITO drawdown since its inception was -77.86%, which is greater than FCPT's maximum drawdown of -57.60%. Use the drawdown chart below to compare losses from any high point for BITO and FCPT. For additional features, visit the drawdowns tool.
Volatility
BITO vs. FCPT - Volatility Comparison
ProShares Bitcoin Strategy ETF (BITO) has a higher volatility of 19.05% compared to Four Corners Property Trust, Inc. (FCPT) at 6.83%. This indicates that BITO's price experiences larger fluctuations and is considered to be riskier than FCPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.