BITO vs. GBTC

In the year-to-date period, BITO achieves a -1.44% return, which is significantly lower than GBTC's -0.14% return.

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This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Grayscale Bitcoin Trust (BTC) (GBTC). 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 0.58, which is higher than the GBTC Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of BITO and GBTC, 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 67.78%, while GBTC has not paid dividends to shareholders.

The maximum BITO drawdown since its inception was -77.86%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BITO and GBTC. For additional features, visit the drawdowns tool.

ProShares Bitcoin Strategy ETF (BITO) and Grayscale Bitcoin Trust (BTC) (GBTC) have volatilities of 16.72% and 16.51%, 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.