BITS vs. BITU
Compare and contrast key facts about Global X Blockchain & Bitcoin Strategy ETF (BITS) and Proshares Ultra Bitcoin ETF (BITU).
BITS and BITU 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. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. Both BITS and BITU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BITS vs. BITU - Performance Comparison
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BITS vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | -17.29% | 14.90% | 28.55% |
BITU Proshares Ultra Bitcoin ETF | -46.65% | -37.07% | 37.90% |
Returns By Period
In the year-to-date period, BITS achieves a -17.29% return, which is significantly higher than BITU's -46.65% return.
BITS
- 1D
- 0.67%
- 1M
- -7.35%
- YTD
- -17.29%
- 6M
- -36.24%
- 1Y
- 20.57%
- 3Y*
- 40.85%
- 5Y*
- —
- 10Y*
- —
BITU
- 1D
- 0.89%
- 1M
- -5.67%
- YTD
- -46.65%
- 6M
- -72.88%
- 1Y
- -55.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BITS vs. BITU - Expense Ratio Comparison
BITS has a 0.65% expense ratio, which is lower than BITU's 0.95% expense ratio.
Return for Risk
BITS vs. BITU — Risk / Return Rank
BITS
BITU
BITS vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) and Proshares Ultra Bitcoin ETF (BITU). 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.
| BITS | BITU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | -0.61 | +0.99 |
Sortino ratioReturn per unit of downside risk | 0.89 | -0.59 | +1.49 |
Omega ratioGain probability vs. loss probability | 1.10 | 0.93 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.53 | -0.67 | +1.20 |
Martin ratioReturn relative to average drawdown | 1.16 | -1.29 | +2.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITS | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | -0.61 | +0.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | -0.32 | +0.26 |
Correlation
The correlation between BITS and BITU is 0.88, 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.
Dividends
BITS vs. BITU - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 27.56%, less than BITU's 78.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 27.56% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |
BITU Proshares Ultra Bitcoin ETF | 78.08% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% |
Drawdowns
BITS vs. BITU - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, which is greater than BITU's maximum drawdown of -77.76%. Use the drawdown chart below to compare losses from any high point for BITS and BITU.
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Drawdown Indicators
| BITS | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.11% | -77.76% | -5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | -77.76% | +29.38% |
Current DrawdownCurrent decline from peak | -45.55% | -76.14% | +30.59% |
Average DrawdownAverage peak-to-trough decline | -43.20% | -31.36% | -11.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.10% | 40.50% | -18.40% |
Volatility
BITS vs. BITU - Volatility Comparison
The current volatility for Global X Blockchain & Bitcoin Strategy ETF (BITS) is 17.37%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 26.02%. This indicates that BITS experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITS | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.37% | 26.02% | -8.65% |
Volatility (6M)Calculated over the trailing 6-month period | 43.69% | 74.12% | -30.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.51% | 90.32% | -35.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.49% | 99.57% | -38.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.49% | 99.57% | -38.08% |