BITU vs. BITO
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and ProShares Bitcoin Strategy ETF (BITO).
BITU and BITO 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. 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: BITU or BITO.
Correlation
The correlation between BITU and BITO 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. BITO - Performance Comparison
Key characteristics
BITU:
0.21
BITO:
0.58
BITU:
1.11
BITO:
1.19
BITU:
1.13
BITO:
1.14
BITU:
0.41
BITO:
1.03
BITU:
0.77
BITO:
2.33
BITU:
29.14%
BITO:
13.79%
BITU:
108.97%
BITO:
55.22%
BITU:
-55.28%
BITO:
-77.86%
BITU:
-34.63%
BITO:
-14.26%
Returns By Period
In the year-to-date period, BITU achieves a -12.24% return, which is significantly lower than BITO's -1.44% return.
BITU
-12.24%
8.40%
48.04%
33.31%
N/A
N/A
BITO
-1.44%
5.96%
32.61%
37.76%
N/A
N/A
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BITU vs. BITO - Expense Ratio Comparison
Both BITU and BITO have an expense ratio of 0.95%.
Risk-Adjusted Performance
BITU vs. BITO — Risk-Adjusted Performance Rank
BITU
BITO
BITU vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) 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
BITU vs. BITO - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 4.97%, less than BITO's 67.78% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 4.97% | 0.12% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 67.78% | 61.58% | 15.14% |
Drawdowns
BITU vs. BITO - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.28%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BITU and BITO. For additional features, visit the drawdowns tool.
Volatility
BITU vs. BITO - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 33.29% compared to ProShares Bitcoin Strategy ETF (BITO) at 16.72%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.