BITU vs. BITX
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
BITU and BITX 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. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITU or BITX.
Correlation
The correlation between BITU and BITX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITU vs. BITX - Performance Comparison
Key characteristics
BITU:
0.28
BITX:
0.21
BITU:
1.20
BITX:
1.13
BITU:
1.14
BITX:
1.13
BITU:
0.55
BITX:
0.38
BITU:
1.05
BITX:
0.78
BITU:
29.06%
BITX:
30.10%
BITU:
108.97%
BITX:
110.14%
BITU:
-55.28%
BITX:
-61.28%
BITU:
-34.73%
BITX:
-36.17%
Returns By Period
In the year-to-date period, BITU achieves a -12.36% return, which is significantly higher than BITX's -12.98% return.
BITU
-12.36%
7.88%
55.86%
22.63%
N/A
N/A
BITX
-12.98%
8.14%
52.93%
16.08%
N/A
N/A
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BITU vs. BITX - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
BITU vs. BITX — Risk-Adjusted Performance Rank
BITU
BITX
BITU vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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. BITX - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 4.98%, less than BITX's 14.04% yield.
| TTM | 2024 | |
|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 4.98% | 0.12% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 14.04% | 10.70% |
Drawdowns
BITU vs. BITX - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.28%, smaller than the maximum BITX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for BITU and BITX. For additional features, visit the drawdowns tool.
Volatility
BITU vs. BITX - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) and Volatility Shares 2x Bitcoin Strategy ETF (BITX) have volatilities of 33.29% and 33.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.