PortfoliosLab logo
BITS vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BITS and BITO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.4

Performance

BITS vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Blockchain & Bitcoin Strategy ETF (BITS) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%40.00%60.00%December2025FebruaryMarchAprilMay
-21.46%
35.60%
BITS
BITO

Key characteristics

Sharpe Ratio

BITS:

0.50

BITO:

1.00

Sortino Ratio

BITS:

1.16

BITO:

1.65

Omega Ratio

BITS:

1.13

BITO:

1.19

Calmar Ratio

BITS:

0.70

BITO:

1.75

Martin Ratio

BITS:

1.63

BITO:

3.95

Ulcer Index

BITS:

19.06%

BITO:

13.80%

Daily Std Dev

BITS:

61.77%

BITO:

54.54%

Max Drawdown

BITS:

-83.11%

BITO:

-77.86%

Current Drawdown

BITS:

-26.79%

BITO:

-11.57%

Returns By Period

In the year-to-date period, BITS achieves a -10.42% return, which is significantly lower than BITO's 1.65% return.


BITS

YTD

-10.42%

1M

20.18%

6M

8.65%

1Y

24.77%

5Y*

N/A

10Y*

N/A

BITO

YTD

1.65%

1M

14.86%

6M

34.95%

1Y

46.61%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BITS vs. BITO - Expense Ratio Comparison

BITS has a 0.65% expense ratio, which is lower than BITO's 0.95% expense ratio.


Expense ratio chart for BITO: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BITO: 0.95%
Expense ratio chart for BITS: current value is 0.65%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BITS: 0.65%

Risk-Adjusted Performance

BITS vs. BITO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITS
The Risk-Adjusted Performance Rank of BITS is 5656
Overall Rank
The Sharpe Ratio Rank of BITS is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of BITS is 6666
Sortino Ratio Rank
The Omega Ratio Rank of BITS is 5454
Omega Ratio Rank
The Calmar Ratio Rank of BITS is 6666
Calmar Ratio Rank
The Martin Ratio Rank of BITS is 4646
Martin Ratio Rank

BITO
The Risk-Adjusted Performance Rank of BITO is 8080
Overall Rank
The Sharpe Ratio Rank of BITO is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 8282
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 7474
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 9090
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BITS vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.


The chart of Sharpe ratio for BITS, currently valued at 0.50, compared to the broader market-1.000.001.002.003.004.00
BITS: 0.50
BITO: 1.00
The chart of Sortino ratio for BITS, currently valued at 1.16, compared to the broader market-2.000.002.004.006.008.00
BITS: 1.16
BITO: 1.65
The chart of Omega ratio for BITS, currently valued at 1.13, compared to the broader market0.501.001.502.002.50
BITS: 1.13
BITO: 1.19
The chart of Calmar ratio for BITS, currently valued at 0.70, compared to the broader market0.002.004.006.008.0010.0012.00
BITS: 0.70
BITO: 1.83
The chart of Martin ratio for BITS, currently valued at 1.63, compared to the broader market0.0020.0040.0060.00
BITS: 1.63
BITO: 3.95

The current BITS Sharpe Ratio is 0.50, which is lower than the BITO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of BITS 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 Ratio0.000.501.001.502.002.50December2025FebruaryMarchAprilMay
0.50
1.00
BITS
BITO

Dividends

BITS vs. BITO - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 32.92%, less than BITO's 61.96% yield.


TTM2024202320222021
BITS
Global X Blockchain & Bitcoin Strategy ETF
32.92%29.49%13.69%0.48%1.90%
BITO
ProShares Bitcoin Strategy ETF
61.96%61.58%15.14%0.00%0.00%

Drawdowns

BITS vs. BITO - Drawdown Comparison

The maximum BITS drawdown since its inception was -83.11%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BITS and BITO. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-26.79%
-11.57%
BITS
BITO

Volatility

BITS vs. BITO - Volatility Comparison

Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 19.25% compared to ProShares Bitcoin Strategy ETF (BITO) at 15.87%. This indicates that BITS'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%December2025FebruaryMarchAprilMay
19.25%
15.87%
BITS
BITO