BITO vs. O
BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares, while O (Realty Income Corporation) is a stock. Over the past 3 years, BITO returned 26.35%/yr vs 6.59%/yr for O. At a 0.11 correlation, their price movements are largely independent.
Performance
BITO vs. O - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BITO achieves a -28.44% return, which is significantly lower than O's 13.70% return.
BITO
- 1D
- 0.12%
- 1M
- -22.17%
- YTD
- -28.44%
- 6M
- -30.74%
- 1Y
- -41.98%
- 3Y*
- 26.35%
- 5Y*
- —
- 10Y*
- —
O
- 1D
- 1.31%
- 1M
- 3.07%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.88%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
BITO vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | -28.44% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 6.10% |
Correlation
The correlation between BITO and O is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BITO vs. O — Risk / Return Rank
BITO
O
BITO vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Realty Income Corporation (O). 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 | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.15 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 1.29 | -2.10 |
| Martin ratioReturn relative to average drawdown | -1.42 | 3.12 | -4.53 |
Loading charts...
Drawdowns
BITO vs. O - Drawdown Comparison
The maximum BITO drawdown since its inception was -77.86%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for BITO and O.
Loading charts...
Drawdown Indicators
| BITO | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.86% | -48.45% | -29.41% |
Max Drawdown (1Y)Largest decline over 1 year | -53.10% | -11.10% | -42.00% |
Max Drawdown (3Y)Largest decline over 3 years | -53.10% | -26.49% | -26.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.28% | — |
Current DrawdownCurrent decline from peak | -50.64% | -5.94% | -44.70% |
Average DrawdownAverage peak-to-trough decline | -36.79% | -9.20% | -27.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.32% | 4.58% | +25.74% |
Volatility
BITO vs. O - Volatility Comparison
ProShares Bitcoin Strategy ETF (BITO) has a higher volatility of 11.73% compared to Realty Income Corporation (O) at 5.29%. This indicates that BITO's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITO | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.73% | 5.29% | +6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 34.20% | 11.98% | +22.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.88% | 16.21% | +27.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.07% | 18.92% | +36.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.07% | 25.64% | +29.43% |
Dividends
BITO vs. O - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 69.59%, more than O's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 69.59% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Frequently Asked Questions
BITO and O have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (11.73%) compared to O (5.29%). In terms of maximum drawdown, BITO dropped -77.86% vs O's -48.45%.
O currently has the higher Sharpe Ratio (0.88 vs -0.98), 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.
Find the right allocation for BITO and O
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer