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BITQ vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

BITQ vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
67.52%
42.52%
BITQ
BITO

Returns By Period

In the year-to-date period, BITQ achieves a 69.97% return, which is significantly lower than BITO's 119.51% return.


BITQ

YTD

69.97%

1M

24.68%

6M

67.52%

1Y

160.22%

5Y (annualized)

N/A

10Y (annualized)

N/A

BITO

YTD

119.51%

1M

44.98%

6M

42.52%

1Y

140.15%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


BITQBITO
Sharpe Ratio2.362.53
Sortino Ratio2.923.01
Omega Ratio1.331.36
Calmar Ratio2.152.95
Martin Ratio9.4510.78
Ulcer Index17.50%13.50%
Daily Std Dev70.18%57.58%
Max Drawdown-90.32%-77.86%
Current Drawdown-39.75%0.00%

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BITQ vs. BITO - Expense Ratio Comparison

BITQ has a 0.85% expense ratio, which is lower than BITO's 0.95% expense ratio.


BITO
ProShares Bitcoin Strategy ETF
Expense ratio chart for BITO: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for BITQ: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%

Correlation

-0.50.00.51.00.7

The correlation between BITQ and BITO is 0.75, 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.

Risk-Adjusted Performance

BITQ vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and ProShares Bitcoin Strategy ETF (BITO). 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.


Sharpe ratio
The chart of Sharpe ratio for BITQ, currently valued at 2.36, compared to the broader market0.002.004.002.362.53
The chart of Sortino ratio for BITQ, currently valued at 2.92, compared to the broader market-2.000.002.004.006.008.0010.002.923.01
The chart of Omega ratio for BITQ, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.001.331.36
The chart of Calmar ratio for BITQ, currently valued at 2.15, compared to the broader market0.005.0010.0015.002.152.95
The chart of Martin ratio for BITQ, currently valued at 9.45, compared to the broader market0.0020.0040.0060.0080.00100.009.4510.78
BITQ
BITO

The current BITQ Sharpe Ratio is 2.36, which is comparable to the BITO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of BITQ and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.36
2.53
BITQ
BITO

Dividends

BITQ vs. BITO - Dividend Comparison

BITQ's dividend yield for the trailing twelve months is around 0.89%, less than BITO's 46.14% yield.


TTM202320222021
BITQ
Bitwise Crypto Industry Innovators ETF
0.89%1.51%0.00%3.12%
BITO
ProShares Bitcoin Strategy ETF
46.14%15.14%0.00%0.00%

Drawdowns

BITQ vs. BITO - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BITQ and BITO. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-39.75%
0
BITQ
BITO

Volatility

BITQ vs. BITO - Volatility Comparison

Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 28.18% compared to ProShares Bitcoin Strategy ETF (BITO) at 18.04%. This indicates that BITQ's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
28.18%
18.04%
BITQ
BITO