BITU vs. BTC-USD
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and Bitcoin (BTC-USD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITU or BTC-USD.
Correlation
The correlation between BITU and BTC-USD is 0.74, 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. BTC-USD - Performance Comparison
Key characteristics
BITU:
108.07%
BTC-USD:
42.54%
BITU:
-55.23%
BTC-USD:
-93.07%
BITU:
-41.73%
BTC-USD:
-22.29%
Returns By Period
In the year-to-date period, BITU achieves a -21.76% return, which is significantly lower than BTC-USD's -11.71% return.
BITU
-21.76%
-2.11%
66.53%
7.89%
N/A
N/A
BTC-USD
-11.71%
-4.16%
36.04%
26.03%
65.06%
77.84%
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Risk-Adjusted Performance
BITU vs. BTC-USD — Risk-Adjusted Performance Rank
BITU
BTC-USD
BITU vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and Bitcoin (BTC-USD). 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.
Drawdowns
BITU vs. BTC-USD - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.23%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BITU and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BITU vs. BTC-USD - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 34.12% compared to Bitcoin (BTC-USD) at 15.22%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.