BITO vs. IBIT
Compare and contrast key facts about ProShares Bitcoin Strategy ETF (BITO) and iShares Bitcoin Trust (IBIT).
BITO and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITO or IBIT.
Correlation
The correlation between BITO and IBIT is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITO vs. IBIT - Performance Comparison
Key characteristics
BITO:
2.23
IBIT:
2.54
BITO:
2.78
IBIT:
3.02
BITO:
1.33
IBIT:
1.36
BITO:
2.72
IBIT:
5.24
BITO:
9.56
IBIT:
12.06
BITO:
13.42%
IBIT:
11.96%
BITO:
57.47%
IBIT:
56.90%
BITO:
-77.86%
IBIT:
-27.51%
BITO:
-2.66%
IBIT:
-1.83%
Returns By Period
The year-to-date returns for both investments are quite close, with BITO having a 11.90% return and IBIT slightly higher at 12.38%.
BITO
11.90%
3.46%
50.90%
139.47%
N/A
N/A
IBIT
12.38%
4.27%
55.26%
155.44%
N/A
N/A
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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.
Risk-Adjusted Performance
BITO vs. IBIT — Risk-Adjusted Performance Rank
BITO
IBIT
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.
Dividends
BITO vs. IBIT - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 55.04%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 55.04% | 61.59% | 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 -27.51%. Use the drawdown chart below to compare losses from any high point for BITO and IBIT. For additional features, visit the drawdowns tool.
Volatility
BITO vs. IBIT - Volatility Comparison
ProShares Bitcoin Strategy ETF (BITO) and iShares Bitcoin Trust (IBIT) have volatilities of 16.13% and 15.88%, 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.