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

BITS vs. BITO

Last updated May 22, 2025

Compare and contrast key facts about Global X Blockchain & Bitcoin Strategy ETF (BITS) and ProShares Bitcoin Strategy ETF (BITO).

BITS and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITS is a passively managed fund by Global X that tracks the performance of the NONE. It was launched on Nov 15, 2021. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITS or BITO.

Correlation

The correlation between BITS and BITO is 0.41, 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.

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.

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Key characteristics

Sharpe Ratio

BITS:

0.43

BITO:

0.89

Sortino Ratio

BITS:

1.20

BITO:

1.60

Omega Ratio

BITS:

1.14

BITO:

1.19

Calmar Ratio

BITS:

0.75

BITO:

1.67

Martin Ratio

BITS:

1.70

BITO:

3.73

Ulcer Index

BITS:

19.73%

BITO:

13.91%

Daily Std Dev

BITS:

61.05%

BITO:

53.62%

Max Drawdown

BITS:

-83.11%

BITO:

-77.86%

Current Drawdown

BITS:

-17.34%

BITO:

-1.07%

Returns By Period

In the year-to-date period, BITS achieves a 1.14% return, which is significantly lower than BITO's 13.72% return.

BITS

YTD

1.14%

1M

31.76%

6M

-8.60%

1Y

26.25%

3Y*

37.28%

5Y*

N/A

10Y*

N/A

BITO

YTD

13.72%

1M

23.57%

6M

10.94%

1Y

47.15%

3Y*

47.17%

5Y*

N/A

10Y*

N/A

*Annualized

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Global X Blockchain & Bitcoin Strategy ETF

ProShares Bitcoin Strategy ETF

BITS vs. BITO - Expense Ratio Comparison

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

BITO
ProShares Bitcoin Strategy ETF
BITS
Global X Blockchain & Bitcoin Strategy ETF

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 6060
Overall Rank
The Sharpe Ratio Rank of BITS is 4444
Sharpe Ratio Rank
The Sortino Ratio Rank of BITS is 7373
Sortino Ratio Rank
The Omega Ratio Rank of BITS is 6161
Omega Ratio Rank
The Calmar Ratio Rank of BITS is 7272
Calmar Ratio Rank
The Martin Ratio Rank of BITS is 5050
Martin Ratio Rank
BITO
The Risk-Adjusted Performance Rank of BITO is 8282
Overall Rank
The Sharpe Ratio Rank of BITO is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 8484
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 7878
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 9191
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 7878
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 current BITS Sharpe Ratio is 0.43, which is lower than the BITO Sharpe Ratio of 0.89. 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.

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Dividends

BITS vs. BITO - Dividend Comparison

BITS's dividend yield for the trailing twelve months is around 29.15%, less than BITO's 55.39% yield.

TTM2024202320222021
BITS
Global X Blockchain & Bitcoin Strategy ETF		29.15%29.49%13.69%0.48%1.90%
BITO
ProShares Bitcoin Strategy ETF		55.39%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.

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Volatility

BITS vs. BITO - Volatility Comparison

Global X Blockchain & Bitcoin Strategy ETF (BITS) has a higher volatility of 10.39% compared to ProShares Bitcoin Strategy ETF (BITO) at 8.31%. 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.

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