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BITSX vs. BITO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BITSX vs. BITO

Last updated Jun 25, 2026

BITSX (iShares Total U.S. Stock Market Index Fund) and BITO (ProShares Bitcoin Strategy ETF) are both funds - BITSX is a Large Cap Blend Equities fund managed by BlackRock, while BITO is a Cryptocurrency fund actively managed by ProShares. Over the past 3 years, BITSX returned 20.54%/yr vs 16.49%/yr for BITO. At a 0.43 correlation, their price movements are largely independent. BITSX charges 0.08%/yr vs 0.95%/yr for BITO.

Performance

BITSX vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Total U.S. Stock Market Index Fund (BITSX) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BITSX achieves a 8.62% return, which is significantly higher than BITO's -32.58% return.

BITSX

1D
-1.32%
1M
-0.85%
YTD
8.62%
6M
7.17%
1Y
22.40%
3Y*
20.54%
5Y*
11.96%
10Y*
15.11%

BITO

1D
-3.78%
1M
-21.14%
YTD
-32.58%
6M
-32.41%
1Y
-45.57%
3Y*
16.49%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BITSX vs. BITO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BITSX
iShares Total U.S. Stock Market Index Fund		8.62%17.10%23.79%25.97%-19.10%4.75%
BITO
ProShares Bitcoin Strategy ETF		-32.58%-11.19%104.45%137.33%-63.91%-29.31%

Correlation

The correlation between BITSX and BITO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2021

0.43

Compare stocks, funds, or ETFs

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iShares Total U.S. Stock Market Index Fund

ProShares Bitcoin Strategy ETF

Often compared with BITSX:
BITSX vs. BITXBITSX vs. VTIBITSX vs. ITOTBITSX vs. FSKAXBITSX vs. XQQ.TOBITSX vs. GBTCBITSX vs. AGTHX
Often compared with BITO:
BITO vs. BTC-USDBITO vs. IBITBITO vs. BTCIBITO vs. QQQBITO vs. BITUBITO vs. BITXBITO vs. MSTR

Return for Risk

BITSX vs. BITO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BITSX
BITSX Risk / Return Rank: 5454
Overall Rank
BITSX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
BITSX Sortino Ratio Rank: 4747
Sortino Ratio Rank
BITSX Omega Ratio Rank: 4747
Omega Ratio Rank
BITSX Calmar Ratio Rank: 5757
Calmar Ratio Rank
BITSX Martin Ratio Rank: 6868
Martin Ratio Rank
BITO
BITO Risk / Return Rank: 11
Overall Rank
BITO Sharpe Ratio Rank: 11
Sharpe Ratio Rank
BITO Sortino Ratio Rank: 11
Sortino Ratio Rank
BITO Omega Ratio Rank: 11
Omega Ratio Rank
BITO Calmar Ratio Rank: 22
Calmar Ratio Rank
BITO Martin Ratio Rank: 11
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITSX vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Total U.S. Stock Market Index Fund (BITSX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BITSXBITODifference
Sharpe ratioReturn per unit of total volatility
1.87
-1.04

+2.90

Sortino ratioReturn per unit of downside risk
2.56
-1.56

+4.12

Omega ratioGain probability vs. loss probability

1.33

0.83

+0.51

Calmar ratioReturn relative to maximum drawdown

2.70

-0.85

+3.55

Martin ratioReturn relative to average drawdown

11.99

-1.45

+13.44

BITSX vs. BITO - Sharpe Ratio Comparison

The current BITSX Sharpe Ratio is 1.87, which is higher than the BITO Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of BITSX and BITO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BITSX vs. BITO - Drawdown Comparison

The maximum BITSX drawdown since its inception was -34.97%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BITSX and BITO.

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Drawdown Indicators

BITSXBITODifference

Max Drawdown

Largest peak-to-trough decline

-34.97%

-77.86%

+42.89%

Max Drawdown (1Y)

Largest decline over 1 year

-8.87%

-53.50%

+44.63%

Max Drawdown (3Y)

Largest decline over 3 years

-19.29%

-53.50%

+34.21%

Max Drawdown (5Y)

Largest decline over 5 years

-25.00%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-34.97%

—

—

Current Drawdown

Current decline from peak

-2.77%

-53.50%

+50.73%

Average Drawdown

Average peak-to-trough decline

-4.52%

-36.87%

+32.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

31.47%

-29.48%

Volatility

BITSX vs. BITO - Volatility Comparison

The current volatility for iShares Total U.S. Stock Market Index Fund (BITSX) is 4.88%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 13.03%. This indicates that BITSX experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BITSXBITODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.88%

13.03%

-8.15%

Volatility (6M)

Calculated over the trailing 6-month period

10.05%

34.32%

-24.27%

Volatility (1Y)

Calculated over the trailing 1-year period

12.84%

44.22%

-31.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.49%

55.03%

-37.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.43%

55.03%

-36.60%

BITSX vs. BITO - Expense Ratio Comparison

BITSX has a 0.08% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

BITSX vs. BITO - Dividend Comparison

BITSX's dividend yield for the trailing twelve months is around 1.04%, less than BITO's 73.86% yield.

PositionTTM2025202420232022202120202019201820172016
BITO
ProShares Bitcoin Strategy ETF		73.86%78.29%61.59%15.14%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BITSX
iShares Total U.S. Stock Market Index Fund		1.04%1.10%1.24%1.42%1.59%1.53%1.47%2.11%2.44%2.14%1.51%

Frequently Asked Questions

BITSX and BITO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BITO has higher volatility (13.03%) compared to BITSX (4.88%). In terms of maximum drawdown, BITSX dropped -34.97% vs BITO's -77.86%.

BITSX currently has the higher Sharpe Ratio (1.87 vs -1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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