BITU vs. BITS

Last updated Jun 5, 2026

BITU (Proshares Ultra Bitcoin ETF) and BITS (Global X Blockchain & Bitcoin Strategy ETF) are both Cryptocurrency funds - BITU tracks the Bloomberg Bitcoin Index - Benchmark TR Gross while BITS tracks the NONE. Both are passively managed. Over the past year, BITU returned -73.89% vs 14.99% for BITS. Their correlation of 0.88 suggests significant overlap in exposure. BITU charges 0.95%/yr vs 0.65%/yr for BITS.

Performance

BITU vs. BITS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultra Bitcoin ETF (BITU) and Global X Blockchain & Bitcoin Strategy ETF (BITS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITU achieves a -55.56% return, which is significantly lower than BITS's 2.11% return.

BITU

• 1D: -5.61%
• 1M: -40.78%
• YTD: -55.56%
• 6M: -61.06%
• 1Y: -73.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITS

• 1D: -1.97%
• 1M: -7.62%
• YTD: 2.11%
• 6M: -9.62%
• 1Y: 14.99%
• 3Y*: 51.67%
• 5Y*: —
• 10Y*: —

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

BITU vs. BITS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BITU Proshares Ultra Bitcoin ETF	-55.56%	-37.07%	37.90%
BITS Global X Blockchain & Bitcoin Strategy ETF	2.11%	14.90%	28.55%

Correlation

The correlation between BITU and BITS is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.88

The correlation between BITU and BITS has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

BITU vs. BITS - Sectors Allocation Comparison

Sectors	BITU	BITS
Financial Services	4.2%	72.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	27.1%
Utilities	-	-

Return for Risk

BITU vs. BITS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 3
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

BITS

BITS Risk / Return Rank: 14
BITS Sharpe Ratio Rank: 13
BITS Sortino Ratio Rank: 17
BITS Omega Ratio Rank: 16
BITS Calmar Ratio Rank: 13
BITS Martin Ratio Rank: 12

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.

BITU vs. BITS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and Global X Blockchain & Bitcoin Strategy ETF (BITS). 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.

	BITU	BITS	Difference
Sharpe ratio: Return per unit of total volatility	-0.85	0.29	-1.14
Sortino ratio: Return per unit of downside risk	-1.48	0.76	-2.24
Omega ratio: Gain probability vs. loss probability	0.84	1.09	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.92	0.31	-1.24
Martin ratio: Return relative to average drawdown	-1.48	0.58	-2.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITU vs. BITS - Sharpe Ratio Comparison

The current BITU Sharpe Ratio is -0.85, which is lower than the BITS Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of BITU and BITS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BITU	BITS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.85	0.29	-1.14
Sharpe Ratio (All Time) Calculated using the full available price history	-0.37	0.01	-0.38

Drawdowns

BITU vs. BITS - Drawdown Comparison

The maximum BITU drawdown since its inception was -80.13%, roughly equal to the maximum BITS drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for BITU and BITS.

Drawdown Indicators

	BITU	BITS	Difference
Max Drawdown Largest peak-to-trough decline	-80.13%	-83.11%	+2.98%
Max Drawdown (1Y) Largest decline over 1 year	-80.13%	-48.38%	-31.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-48.38%	—
Current Drawdown Current decline from peak	-80.13%	-32.77%	-47.36%
Average Drawdown Average peak-to-trough decline	-34.58%	-42.75%	+8.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.09%	25.76%	+24.33%

Volatility

BITU vs. BITS - Volatility Comparison

Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 18.31% compared to Global X Blockchain & Bitcoin Strategy ETF (BITS) at 12.16%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than BITS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITU	BITS	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.31%	12.16%	+6.15%
Volatility (6M) Calculated over the trailing 6-month period	68.43%	40.38%	+28.05%
Volatility (1Y) Calculated over the trailing 1-year period	87.07%	52.48%	+34.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.43%	60.89%	+36.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.43%	60.89%	+36.54%

BITU vs. BITS - Expense Ratio Comparison

BITU has a 0.95% expense ratio, which is higher than BITS's 0.65% expense ratio.

Dividends

BITU vs. BITS - Dividend Comparison

BITU's dividend yield for the trailing twelve months is around 88.31%, more than BITS's 22.32% yield.

Position	TTM	2025	2024	2023	2022	2021
BITS Global X Blockchain & Bitcoin Strategy ETF	22.32%	22.80%	29.49%	13.69%	0.48%	1.90%
BITU Proshares Ultra Bitcoin ETF	88.31%	50.23%	0.12%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BITU and BITS in my portfolio?

BITU and BITS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITU or BITS?

BITU has higher volatility (18.31%) compared to BITS (12.16%). In terms of maximum drawdown, BITU dropped -80.13% vs BITS's -83.11%.

Which ETF is better, BITU or BITS?

On 1-year performance, BITS leads with 14.99% vs -73.89% for BITU. On fees, BITS is cheaper at 0.65% per year. On volatility, BITS has been the lower-risk option at 12.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITU or BITS?

Over the 1-year period, BITS has performed better with a 14.99% return vs -73.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITU or BITS?

BITS is cheaper with a 0.65% expense ratio, compared with 0.95% for BITU.

Which ETF pays a higher dividend yield, BITU or BITS?

BITU has the higher dividend yield at 88.31%, compared with 22.32% for BITS.

What is the main difference between BITU and BITS?

BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross, while BITS tracks NONE. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.95% for BITU and 0.65% for BITS.

Which has better risk-adjusted returns?

BITS currently has the higher Sharpe Ratio (0.29 vs -0.85), 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.