BITO vs. MSTR
Compare and contrast key facts about ProShares Bitcoin Strategy ETF (BITO) and MicroStrategy Incorporated (MSTR).
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 MSTR.
Key characteristics
| BITO | MSTR | |
|---|---|---|
| YTD Return | 104.81% | 439.33% |
| 1Y Return | 134.95% | 596.51% |
| 3Y Return (Ann) | 9.90% | 65.68% |
| Sharpe Ratio | 2.14 | 5.53 |
| Sortino Ratio | 2.73 | 4.20 |
| Omega Ratio | 1.32 | 1.50 |
| Calmar Ratio | 2.47 | 6.70 |
| Martin Ratio | 9.18 | 27.26 |
| Ulcer Index | 13.50% | 21.03% |
| Daily Std Dev | 57.80% | 103.67% |
| Max Drawdown | -77.86% | -99.86% |
| Current Drawdown | 0.00% | -4.47% |
Correlation
The correlation between BITO and MSTR is 0.78, 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. MSTR - Performance Comparison
In the year-to-date period, BITO achieves a 104.81% return, which is significantly lower than MSTR's 439.33% 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. MSTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and MicroStrategy Incorporated (MSTR). 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. MSTR - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 49.45%, while MSTR has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 49.45% | 15.14% |
MSTR MicroStrategy Incorporated | 0.00% | 0.00% |
Drawdowns
BITO vs. MSTR - Drawdown Comparison
The maximum BITO drawdown since its inception was -77.86%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for BITO and MSTR. For additional features, visit the drawdowns tool.
Volatility
BITO vs. MSTR - Volatility Comparison
The current volatility for ProShares Bitcoin Strategy ETF (BITO) is 18.53%, while MicroStrategy Incorporated (MSTR) has a volatility of 32.85%. This indicates that BITO experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.