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 0.36, 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. BTC-USD - Performance Comparison
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Key characteristics
BITU:
0.71
BTC-USD:
1.29
BITU:
1.68
BTC-USD:
3.21
BITU:
1.20
BTC-USD:
1.34
BITU:
1.46
BTC-USD:
2.64
BITU:
2.72
BTC-USD:
12.22
BITU:
29.70%
BTC-USD:
11.20%
BITU:
107.52%
BTC-USD:
42.25%
BITU:
-55.28%
BTC-USD:
-93.18%
BITU:
-21.68%
BTC-USD:
-1.86%
Returns By Period
In the year-to-date period, BITU achieves a 5.15% return, which is significantly lower than BTC-USD's 11.50% return.
BITU
5.15%
44.76%
6.59%
76.06%
N/A
N/A
BTC-USD
11.50%
23.22%
15.00%
69.24%
62.07%
83.83%
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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.
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Drawdowns
BITU vs. BTC-USD - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.28%, smaller than the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for BITU and BTC-USD. For additional features, visit the drawdowns tool.
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Volatility
BITU vs. BTC-USD - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 18.62% compared to Bitcoin (BTC-USD) at 10.27%. 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.
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