BITO vs. XBTF
Compare and contrast key facts about ProShares Bitcoin Strategy ETF (BITO) and VanEck Bitcoin Strategy ETF (XBTF).
BITO and XBTF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021. XBTF is an actively managed fund by VanEck. It was launched on Nov 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITO or XBTF.
Key characteristics
| BITO | XBTF |
|---|
Correlation
The correlation between BITO and XBTF is 0.81, 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. XBTF - Performance Comparison
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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BITO vs. XBTF - Expense Ratio Comparison
BITO has a 0.95% expense ratio, which is higher than XBTF's 0.65% expense ratio.
Risk-Adjusted Performance
BITO vs. XBTF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin Strategy ETF (BITO) and VanEck Bitcoin Strategy ETF (XBTF). 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. XBTF - Dividend Comparison
BITO's dividend yield for the trailing twelve months is around 49.45%, while XBTF has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 49.45% | 15.14% |
XBTF VanEck Bitcoin Strategy ETF | 101.35% | 0.18% |
Drawdowns
BITO vs. XBTF - Drawdown Comparison
Volatility
BITO vs. XBTF - Volatility Comparison
ProShares Bitcoin Strategy ETF (BITO) has a higher volatility of 18.53% compared to VanEck Bitcoin Strategy ETF (XBTF) at 0.00%. This indicates that BITO's price experiences larger fluctuations and is considered to be riskier than XBTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.