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 0.37, 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
Key characteristics
BITU:
0.28
BTC-USD:
1.71
BITU:
1.20
BTC-USD:
2.35
BITU:
1.14
BTC-USD:
1.24
BITU:
0.55
BTC-USD:
1.46
BITU:
1.05
BTC-USD:
7.72
BITU:
29.06%
BTC-USD:
11.30%
BITU:
108.97%
BTC-USD:
42.88%
BITU:
-55.28%
BTC-USD:
-93.07%
BITU:
-34.73%
BTC-USD:
-11.97%
Returns By Period
In the year-to-date period, BITU achieves a -12.36% return, which is significantly lower than BTC-USD's 0.01% return.
BITU
-12.36%
7.88%
55.86%
22.63%
N/A
N/A
BTC-USD
0.01%
6.79%
40.66%
40.71%
65.44%
83.23%
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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 -55.28%, 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 33.06% compared to Bitcoin (BTC-USD) at 16.27%. 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.