BITSX vs. BITO
Compare and contrast key facts about iShares Total U.S. Stock Market Index Fund (BITSX) and ProShares Bitcoin Strategy ETF (BITO).
BITSX is managed by Blackrock. It was launched on Aug 13, 2015. 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: BITSX or BITO.
Key characteristics
| BITSX | BITO | |
|---|---|---|
| YTD Return | 4.89% | 30.58% |
| 1Y Return | 23.55% | 81.41% |
| Sharpe Ratio | 1.81 | 1.73 |
| Daily Std Dev | 12.17% | 50.64% |
| Max Drawdown | -34.97% | -77.86% |
| Current Drawdown | -4.62% | -25.38% |
Correlation
The correlation between BITSX and BITO is 0.43, 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
BITSX vs. BITO - Performance Comparison
In the year-to-date period, BITSX achieves a 4.89% return, which is significantly lower than BITO's 30.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BITSX vs. BITO - Expense Ratio Comparison
BITSX has a 0.08% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
BITSX vs. BITO - Risk-Adjusted Performance 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.
Dividends
BITSX vs. BITO - Dividend Comparison
BITSX's dividend yield for the trailing twelve months is around 1.35%, less than BITO's 25.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BITSX iShares Total U.S. Stock Market Index Fund | 1.35% | 1.42% | 1.59% | 1.53% | 1.47% | 2.11% | 2.44% | 2.14% | 1.51% | 0.25% |
BITO ProShares Bitcoin Strategy ETF | 25.50% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
BITSX vs. BITO - Volatility Comparison
The current volatility for iShares Total U.S. Stock Market Index Fund (BITSX) is 4.01%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 16.22%. 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.