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

Correlation

The correlation between BITO and IBIT is 0.36, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

BITO vs. IBIT - Performance Comparison

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

40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
86.26%
100.00%
BITO
IBIT

Key characteristics

Sharpe Ratio

BITO:

0.58

IBIT:

0.74

Sortino Ratio

BITO:

1.19

IBIT:

1.37

Omega Ratio

BITO:

1.14

IBIT:

1.16

Calmar Ratio

BITO:

1.03

IBIT:

1.43

Martin Ratio

BITO:

2.33

IBIT:

3.14

Ulcer Index

BITO:

13.79%

IBIT:

12.87%

Daily Std Dev

BITO:

55.22%

IBIT:

54.64%

Max Drawdown

BITO:

-77.86%

IBIT:

-28.22%

Current Drawdown

BITO:

-14.26%

IBIT:

-12.30%

Returns By Period

In the year-to-date period, BITO achieves a -1.44% return, which is significantly lower than IBIT's 0.40% return.


BITO

YTD

-1.44%

1M

5.96%

6M

32.61%

1Y

37.76%

5Y*

N/A

10Y*

N/A

IBIT

YTD

0.40%

1M

6.22%

6M

37.02%

1Y

46.28%

5Y*

N/A

10Y*

N/A

*Annualized

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BITO vs. IBIT - Expense Ratio Comparison

BITO has a 0.95% expense ratio, which is higher than IBIT's 0.25% expense ratio.


Expense ratio chart for BITO: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BITO: 0.95%
Expense ratio chart for IBIT: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IBIT: 0.25%

Risk-Adjusted Performance

BITO vs. IBIT — 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 7171
Overall Rank
The Sharpe Ratio Rank of BITO is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 7474
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 6767
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 8383
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 6666
Martin Ratio Rank

IBIT
The Risk-Adjusted Performance Rank of IBIT is 7878
Overall Rank
The Sharpe Ratio Rank of IBIT is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of IBIT is 7979
Sortino Ratio Rank
The Omega Ratio Rank of IBIT is 7373
Omega Ratio Rank
The Calmar Ratio Rank of IBIT is 8989
Calmar Ratio Rank
The Martin Ratio Rank of IBIT is 7575
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. IBIT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and iShares Bitcoin Trust (IBIT). 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 chart of Sharpe ratio for BITO, currently valued at 0.58, compared to the broader market-1.000.001.002.003.004.00
BITO: 0.58
IBIT: 0.74
The chart of Sortino ratio for BITO, currently valued at 1.19, compared to the broader market-2.000.002.004.006.008.00
BITO: 1.19
IBIT: 1.37
The chart of Omega ratio for BITO, currently valued at 1.14, compared to the broader market0.501.001.502.00
BITO: 1.14
IBIT: 1.16
The chart of Calmar ratio for BITO, currently valued at 1.08, compared to the broader market0.002.004.006.008.0010.0012.00
BITO: 1.08
IBIT: 1.43
The chart of Martin ratio for BITO, currently valued at 2.33, compared to the broader market0.0020.0040.0060.00
BITO: 2.33
IBIT: 3.14

The current BITO Sharpe Ratio is 0.58, which is comparable to the IBIT Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of BITO and IBIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
0.58
0.74
BITO
IBIT

Dividends

BITO vs. IBIT - Dividend Comparison

BITO's dividend yield for the trailing twelve months is around 67.78%, while IBIT has not paid dividends to shareholders.


TTM20242023
BITO
ProShares Bitcoin Strategy ETF
67.78%61.58%15.14%
IBIT
iShares Bitcoin Trust
0.00%0.00%0.00%

Drawdowns

BITO vs. IBIT - Drawdown Comparison

The maximum BITO drawdown since its inception was -77.86%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for BITO and IBIT. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-14.26%
-12.30%
BITO
IBIT

Volatility

BITO vs. IBIT - Volatility Comparison

ProShares Bitcoin Strategy ETF (BITO) and iShares Bitcoin Trust (IBIT) have volatilities of 16.72% and 16.71%, 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.


10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
16.72%
16.71%
BITO
IBIT