BITU vs. BTFX
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX).
BITU and BTFX 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. BTFX is a passively managed fund by Valkyrie that tracks the performance of the S&P CME Bitcoin Futures Index. It was launched on Feb 21, 2024. Both BITU and BTFX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITU or BTFX.
Key characteristics
| BITU | BTFX | |
|---|---|---|
| Daily Std Dev | 109.45% | 109.63% |
| Max Drawdown | -55.23% | -62.26% |
| Current Drawdown | -30.73% | -37.10% |
Correlation
The correlation between BITU and BTFX is 0.99, 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. BTFX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BITU vs. BTFX - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is lower than BTFX's 1.85% expense ratio.
Risk-Adjusted Performance
BITU vs. BTFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX). 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.
Not enough dataDividends
BITU vs. BTFX - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 0.20%, while BTFX has not paid dividends to shareholders.
| TTM | |
|---|---|
BITU Proshares Ultra Bitcoin ETF | 0.20% |
BTFX Valkyrie Bitcoin Futures Leveraged Strategy ETF | 0.00% |
Drawdowns
BITU vs. BTFX - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.23%, smaller than the maximum BTFX drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for BITU and BTFX. For additional features, visit the drawdowns tool.
Volatility
BITU vs. BTFX - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 23.70% compared to Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) at 22.10%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than BTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.