BITO vs. PLTR
BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares, while PLTR (Palantir Technologies Inc.) is a stock. Over the past 3 years, BITO returned 27.40%/yr vs 102.18%/yr for PLTR. At a 0.35 correlation, their price movements are largely independent.
Performance
BITO vs. PLTR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BITO having a -25.13% return and PLTR slightly higher at -24.21%.
BITO
- 1D
- 4.62%
- 1M
- -16.16%
- YTD
- -25.13%
- 6M
- -23.76%
- 1Y
- -39.30%
- 3Y*
- 27.40%
- 5Y*
- —
- 10Y*
- —
PLTR
- 1D
- 5.25%
- 1M
- 0.54%
- YTD
- -24.21%
- 6M
- -26.49%
- 1Y
- -1.96%
- 3Y*
- 102.18%
- 5Y*
- 40.28%
- 10Y*
- —
BITO vs. PLTR - 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% |
PLTR Palantir Technologies Inc. | -24.21% | 135.03% | 340.48% | 167.45% | -64.74% | -24.94% |
Correlation
The correlation between BITO and PLTR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.35 |
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Return for Risk
BITO vs. PLTR — Risk / Return Rank
BITO
PLTR
BITO vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and Palantir Technologies Inc. (PLTR). 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 | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.04 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.05 | -0.69 |
| Martin ratioReturn relative to average drawdown | -1.29 | -0.09 | -1.20 |
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Drawdowns
BITO vs. PLTR - Drawdown Comparison
The maximum BITO drawdown since its inception was -77.86%, smaller than the maximum PLTR drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for BITO and PLTR.
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Drawdown Indicators
| BITO | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.86% | -84.62% | +6.76% |
Max Drawdown (1Y)Largest decline over 1 year | -53.10% | -38.22% | -14.88% |
Max Drawdown (3Y)Largest decline over 3 years | -53.10% | -40.61% | -12.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.14% | — |
Current DrawdownCurrent decline from peak | -48.36% | -34.98% | -13.38% |
Average DrawdownAverage peak-to-trough decline | -36.80% | -40.27% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.47% | 21.35% | +9.12% |
Volatility
BITO vs. PLTR - Volatility Comparison
The current volatility for ProShares Bitcoin Strategy ETF (BITO) is 12.59%, while Palantir Technologies Inc. (PLTR) has a volatility of 17.72%. This indicates that BITO experiences smaller price fluctuations and is considered to be less risky than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITO | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 17.72% | -5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 34.54% | 38.70% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.17% | 51.17% | -7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.08% | 65.49% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.08% | 69.76% | -14.68% |
Dividends
BITO vs. PLTR - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 66.51%, while PLTR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 66.51% | 78.29% | 61.59% | 15.14% |
PLTR Palantir Technologies Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITO and PLTR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (17.72%) compared to BITO (12.59%). In terms of maximum drawdown, BITO dropped -77.86% vs PLTR's -84.62%.
PLTR currently has the higher Sharpe Ratio (-0.04 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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