BITO vs. NVDA
BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares, while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, BITO returned 27.40%/yr vs 70.84%/yr for NVDA. At a 0.36 correlation, their price movements are largely independent.
Performance
BITO vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, BITO achieves a -25.13% return, which is significantly lower than NVDA's 14.05% return.
BITO
- 1D
- 4.62%
- 1M
- -16.16%
- YTD
- -25.13%
- 6M
- -23.76%
- 1Y
- -39.30%
- 3Y*
- 27.40%
- 5Y*
- —
- 10Y*
- —
NVDA
- 1D
- 3.54%
- 1M
- -5.60%
- YTD
- 14.05%
- 6M
- 20.66%
- 1Y
- 49.84%
- 3Y*
- 70.84%
- 5Y*
- 64.29%
- 10Y*
- 68.59%
BITO vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | -25.13% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
NVDA NVIDIA Corporation | 14.05% | 38.92% | 171.25% | 239.02% | -50.26% | 32.37% |
Correlation
The correlation between BITO and NVDA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.36 |
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Return for Risk
BITO vs. NVDA — Risk / Return Rank
BITO
NVDA
BITO vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and NVIDIA Corporation (NVDA). 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 | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.24 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 2.48 | -3.22 |
| Martin ratioReturn relative to average drawdown | -1.29 | 5.89 | -7.18 |
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Drawdowns
BITO vs. NVDA - Drawdown Comparison
The maximum BITO drawdown since its inception was -77.86%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for BITO and NVDA.
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Drawdown Indicators
| BITO | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.86% | -89.72% | +11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -53.10% | -20.21% | -32.89% |
Max Drawdown (3Y)Largest decline over 3 years | -53.10% | -36.88% | -16.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.34% | — |
Current DrawdownCurrent decline from peak | -48.36% | -9.77% | -38.59% |
Average DrawdownAverage peak-to-trough decline | -36.80% | -36.17% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.47% | 8.48% | +21.99% |
Volatility
BITO vs. NVDA - Volatility Comparison
ProShares Bitcoin Strategy ETF (BITO) and NVIDIA Corporation (NVDA) have volatilities of 12.59% and 12.97%, 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.
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Volatility by Period
| BITO | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 12.97% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 34.54% | 26.83% | +7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.17% | 35.13% | +9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.08% | 51.80% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.08% | 49.87% | +5.21% |
Dividends
BITO vs. NVDA - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 66.51%, more than NVDA's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 66.51% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.13% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Frequently Asked Questions
BITO and NVDA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDA has higher volatility (12.97%) compared to BITO (12.59%). In terms of maximum drawdown, BITO dropped -77.86% vs NVDA's -89.72%.
NVDA currently has the higher Sharpe Ratio (1.43 vs -0.89), 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.
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