BITO vs. IDVO

Last updated Jul 21, 2026

BITO (ProShares Bitcoin Strategy ETF) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both exchange-traded funds - BITO is a Cryptocurrency fund actively managed by ProShares, while IDVO is a Derivative Income fund actively managed by Amplify. Both are actively managed. Over the past 3 years, BITO returned 21.57%/yr vs 20.92%/yr for IDVO. At a 0.35 correlation, their price movements are largely independent. BITO charges 0.95%/yr vs 0.65%/yr for IDVO.

Performance

BITO vs. IDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Bitcoin Strategy ETF (BITO) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITO achieves a -26.94% return, which is significantly lower than IDVO's 12.22% return.

BITO

• 1D: 1.50%
• 1M: 3.17%
• 6M: -33.00%
• YTD: -26.94%
• 1Y: -46.65%
• 3Y*: 21.57%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.51%

IDVO

• 1D: -0.38%
• 1M: -0.99%
• 6M: 4.02%
• YTD: 12.22%
• 1Y: 30.16%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITO vs. IDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BITO ProShares Bitcoin Strategy ETF	-26.94%	-11.19%	104.45%	137.33%	-10.55%
IDVO Amplify CWP International Enhanced Dividend Income ETF	12.22%	36.46%	10.16%	17.53%	6.42%

Correlation

The correlation between BITO and IDVO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.35

The correlation between BITO and IDVO shifts across timeframes, from 0.32 (3 years) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BITO vs. IDVO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 1
BITO Sortino Ratio Rank: 1
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

IDVO

IDVO Risk / Return Rank: 76
IDVO Sharpe Ratio Rank: 78
IDVO Sortino Ratio Rank: 74
IDVO Omega Ratio Rank: 76
IDVO Calmar Ratio Rank: 77
IDVO Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITO vs. IDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BITO	IDVO	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	1.85	-2.91
Sortino ratio: Return per unit of downside risk	-1.62	2.50	-4.12
Omega ratio: Gain probability vs. loss probability	0.82	1.33	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.86	2.92	-3.78
Martin ratio: Return relative to average drawdown	-1.37	10.74	-12.11

BITO vs. IDVO - Sharpe Ratio Comparison

The current BITO Sharpe Ratio is -1.06, which is lower than the IDVO Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of BITO and IDVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITO vs. IDVO - Drawdown Comparison

The maximum BITO drawdown since its inception was -77.86%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for BITO and IDVO.

Drawdown Indicators

	BITO	IDVO	Difference
Max Drawdown Largest peak-to-trough decline	-77.86%	-15.46%	-62.40%
Max Drawdown (1Y) Largest decline over 1 year	-54.47%	-10.37%	-44.10%
Max Drawdown (3Y) Largest decline over 3 years	-54.47%	-15.46%	-39.01%
Current Drawdown Current decline from peak	-49.61%	-2.90%	-46.71%
Average Drawdown Average peak-to-trough decline	-37.08%	-2.30%	-34.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.20%	2.81%	+31.39%

Volatility

BITO vs. IDVO - Volatility Comparison

ProShares Bitcoin Strategy ETF (BITO) has a higher volatility of 10.30% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 3.51%. This indicates that BITO's price experiences larger fluctuations and is considered to be riskier than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITO	IDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.30%	3.51%	+6.79%
Volatility (6M) Calculated over the trailing 6-month period	34.26%	13.81%	+20.45%
Volatility (1Y) Calculated over the trailing 1-year period	44.13%	16.45%	+27.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.76%	16.40%	+38.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.76%	16.40%	+38.36%

BITO vs. IDVO - Expense Ratio Comparison

BITO has a 0.95% expense ratio, which is higher than IDVO's 0.65% expense ratio.

Dividends

BITO vs. IDVO - Dividend Comparison

BITO's dividend yield for the trailing twelve months is around 59.56%, more than IDVO's 5.69% yield.

Position	TTM	2025	2024	2023	2022
BITO ProShares Bitcoin Strategy ETF	59.56%	78.29%	61.59%	15.14%	0.00%
IDVO Amplify CWP International Enhanced Dividend Income ETF	5.69%	5.42%	6.14%	5.72%	1.96%

Frequently Asked Questions

Can I hold both BITO and IDVO in my portfolio?

BITO and IDVO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITO or IDVO?

BITO has higher volatility (10.30%) compared to IDVO (3.51%). In terms of maximum drawdown, BITO dropped -77.86% vs IDVO's -15.46%.

Which ETF is better, BITO or IDVO?

On 3-year performance, BITO leads with 21.57% vs 20.92% for IDVO. On fees, IDVO is cheaper at 0.65% per year. On volatility, IDVO has been the lower-risk option at 3.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITO or IDVO?

Over the 3-year period, BITO has performed better with a 21.57% return vs 20.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITO or IDVO?

IDVO is cheaper with a 0.65% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, BITO or IDVO?

BITO has the higher dividend yield at 59.56%, compared with 5.69% for IDVO.

What is the main difference between BITO and IDVO?

BITO is categorized as Cryptocurrency, while IDVO is Derivative Income. They also come from different issuers: ProShares and Amplify. Their fees differ too: 0.95% for BITO and 0.65% for IDVO.

Which has better risk-adjusted returns?

IDVO currently has the higher Sharpe Ratio (1.85 vs -1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.