BITSX vs. BITO

Last updated Apr 2, 2026

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.

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.

BITSX vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITSX iShares Total U.S. Stock Market Index Fund	-3.96%	17.10%	23.79%	25.97%	-19.10%	4.02%
BITO ProShares Bitcoin Strategy ETF	-22.79%	-11.19%	104.45%	137.33%	-63.91%	-31.09%

Returns By Period

In the year-to-date period, BITSX achieves a -3.96% return, which is significantly higher than BITO's -22.79% return.

BITSX

• 1D: 2.93%
• 1M: -5.12%
• YTD: -3.96%
• 6M: -2.01%
• 1Y: 17.54%
• 3Y*: 17.84%
• 5Y*: 10.57%
• 10Y*: 13.59%

BITO

• 1D: 0.60%
• 1M: -1.72%
• YTD: -22.79%
• 6M: -43.10%
• 1Y: -23.27%
• 3Y*: 24.87%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITSX vs. BITO - Expense Ratio Comparison

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

BITO

ProShares Bitcoin Strategy ETF

BITSX

iShares Total U.S. Stock Market Index Fund

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: 56
BITSX Sharpe Ratio Rank: 46
BITSX Sortino Ratio Rank: 50
BITSX Omega Ratio Rank: 53
BITSX Calmar Ratio Rank: 59
BITSX Martin Ratio Rank: 72

BITO

BITO Risk / Return Rank: 5
BITO Sharpe Ratio Rank: 4
BITO Sortino Ratio Rank: 4
BITO Omega Ratio Rank: 5
BITO Calmar Ratio Rank: 5
BITO Martin Ratio Rank: 5

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.

	BITSX	BITO	Difference
Sharpe ratio Return per unit of total volatility	0.98	-0.52	+1.49
Sortino ratio Return per unit of downside risk	1.49	-0.50	+1.99
Omega ratio Gain probability vs. loss probability	1.23	0.94	+0.28
Calmar ratio Return relative to maximum drawdown	1.50	-0.42	+1.92
Martin ratio Return relative to average drawdown	7.20	-0.89	+8.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITSX vs. BITO - Sharpe Ratio Comparison

The current BITSX Sharpe Ratio is 0.98, which is higher than the BITO Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of BITSX 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.

Sharpe Ratios by Period

	BITSX	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	-0.52	+1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	-0.08	+0.82

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.

Dividends

BITSX vs. BITO - Dividend Comparison

BITSX's dividend yield for the trailing twelve months is around 1.15%, less than BITO's 80.47% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BITSX iShares Total U.S. Stock Market Index Fund	1.15%	1.10%	1.24%	1.42%	1.59%	1.53%	1.47%	2.11%	2.44%	2.14%	1.51%
BITO ProShares Bitcoin Strategy ETF	80.47%	78.29%	61.59%	15.14%	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.

Drawdown Indicators

	BITSX	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-34.97%	-77.86%	+42.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-50.05%	+37.69%
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	-6.20%	-46.75%	+40.55%
Average Drawdown Average peak-to-trough decline	-4.60%	-36.57%	+31.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	23.73%	-21.15%

Volatility

BITSX vs. BITO - Volatility Comparison

The current volatility for iShares Total U.S. Stock Market Index Fund (BITSX) is 5.45%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.84%. 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.

Volatility by Period

	BITSX	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	12.84%	-7.39%
Volatility (6M) Calculated over the trailing 6-month period	9.74%	36.71%	-26.97%
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	45.32%	-26.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	55.77%	-38.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	55.77%	-37.36%