BITO vs. OILY.TO
BITO (ProShares Bitcoin Strategy ETF) and OILY.TO (Evolve Canadian Energy Enhanced Yield Index Fund ETF) are both exchange-traded funds - BITO is a Cryptocurrency fund actively managed by ProShares, while OILY.TO is a Energy Equities fund tracking the Solactive Canada Energy Top 10 Index. BITO is actively managed, while OILY.TO is passively managed. Over the past year, BITO returned -46.65% vs 44.37% for OILY.TO. At a 0.03 correlation, their price movements are largely independent. BITO charges 0.95%/yr vs 0.60%/yr for OILY.TO.
Performance
BITO vs. OILY.TO - Performance Comparison
Loading charts...
Different Trading Currencies
BITO is traded in USD, while OILY.TO is traded in CAD. To make them comparable, the OILY.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BITO achieves a -26.94% return, which is significantly lower than OILY.TO's 30.35% 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%
OILY.TO
- 1D
- 0.57%
- 1M
- 8.20%
- 6M
- 26.44%
- YTD
- 30.35%
- 1Y
- 44.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 30.36%
BITO vs. OILY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITO ProShares Bitcoin Strategy ETF | -26.94% | -3.29% |
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 30.35% | 8.61% |
Correlation
The correlation between BITO and OILY.TO is 0.02, 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 | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.03 |
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. OILY.TO — Risk / Return Rank
BITO
OILY.TO
BITO vs. OILY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO). 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 | OILY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -4.26 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.34 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.43 | -3.29 |
| Martin ratioReturn relative to average drawdown | -1.37 | 8.65 | -10.01 |
Loading charts...
Drawdowns
BITO vs. OILY.TO - Drawdown Comparison
The maximum BITO drawdown since its inception was -77.86%, which is greater than OILY.TO's maximum drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for BITO and OILY.TO.
Loading charts...
Drawdown Indicators
| BITO | OILY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.86% | -22.48% | -55.38% |
Max Drawdown (1Y)Largest decline over 1 year | -54.47% | -18.35% | -36.12% |
Max Drawdown (3Y)Largest decline over 3 years | -54.47% | — | — |
Current DrawdownCurrent decline from peak | -49.61% | -6.51% | -43.10% |
Average DrawdownAverage peak-to-trough decline | -37.08% | -4.38% | -32.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.20% | 5.15% | +29.05% |
Volatility
BITO vs. OILY.TO - Volatility Comparison
ProShares Bitcoin Strategy ETF (BITO) has a higher volatility of 10.30% compared to Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) at 8.85%. This indicates that BITO's price experiences larger fluctuations and is considered to be riskier than OILY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITO | OILY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.30% | 8.85% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 34.26% | 17.48% | +16.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.13% | 21.76% | +22.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.76% | 26.12% | +28.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.76% | 26.12% | +28.64% |
BITO vs. OILY.TO - Expense Ratio Comparison
BITO has a 0.95% expense ratio, which is higher than OILY.TO's 0.60% expense ratio.
Dividends
BITO vs. OILY.TO - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 59.56%, more than OILY.TO's 13.31% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 59.56% | 78.29% | 61.59% | 15.14% |
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 13.31% | 11.50% | 0.00% | 0.00% |
Frequently Asked Questions
BITO and OILY.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OILY.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OILY.TO is cheaper with a 0.60% expense ratio, compared with 0.95% for BITO.
BITO is categorized as Cryptocurrency, while OILY.TO is Energy Equities. They also come from different issuers: ProShares and Evolve. Their fees differ too: 0.95% for BITO and 0.60% for OILY.TO.
Find the right allocation for BITO and OILY.TO
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