BITU vs. BITB
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and Bitwise Bitcoin ETF (BITB).
BITU and BITB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BITB is a passively managed fund by Bitwise Asset Management that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 10, 2024. Both BITU and BITB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITU or BITB.
Correlation
The correlation between BITU and BITB is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITU vs. BITB - Performance Comparison
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Key characteristics
BITU:
0.71
BITB:
1.27
BITU:
1.68
BITB:
1.96
BITU:
1.20
BITB:
1.23
BITU:
1.46
BITB:
2.48
BITU:
2.72
BITB:
5.43
BITU:
29.70%
BITB:
12.88%
BITU:
107.52%
BITB:
53.54%
BITU:
-55.28%
BITB:
-28.19%
BITU:
-21.68%
BITB:
-3.32%
Returns By Period
In the year-to-date period, BITU achieves a 5.15% return, which is significantly lower than BITB's 10.54% return.
BITU
5.15%
44.76%
6.59%
76.06%
N/A
N/A
BITB
10.54%
21.61%
15.00%
67.44%
N/A
N/A
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BITU vs. BITB - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is higher than BITB's 0.20% expense ratio.
Risk-Adjusted Performance
BITU vs. BITB — Risk-Adjusted Performance Rank
BITU
BITB
BITU vs. BITB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and Bitwise Bitcoin ETF (BITB). 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.
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Dividends
BITU vs. BITB - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 4.12%, while BITB has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 4.12% | 0.12% |
BITB Bitwise Bitcoin ETF | 0.00% | 0.00% |
Drawdowns
BITU vs. BITB - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.28%, which is greater than BITB's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for BITU and BITB. For additional features, visit the drawdowns tool.
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Volatility
BITU vs. BITB - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 18.62% compared to Bitwise Bitcoin ETF (BITB) at 9.36%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than BITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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