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BITU vs. BTFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.01.0

Performance

BITU vs. BTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultra Bitcoin ETF (BITU) and Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%JulyAugustSeptemberOctoberNovemberDecember
104.13%
107.86%
BITU
BTFX

Key characteristics

Daily Std Dev

BITU:

111.94%

BTFX:

111.65%

Max Drawdown

BITU:

-55.23%

BTFX:

-62.26%

Current Drawdown

BITU:

-19.32%

BTFX:

-19.44%

Returns By Period


BITU

YTD

N/A

1M

-0.19%

6M

72.47%

1Y

N/A

5Y*

N/A

10Y*

N/A

BTFX

YTD

N/A

1M

-1.47%

6M

75.73%

1Y

N/A

5Y*

N/A

10Y*

N/A

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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.


Expense ratio chart for BTFX: current value at 1.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.85%
Expense ratio chart for BITU: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

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.


BITU
BTFX


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Dividends

BITU vs. BTFX - Dividend Comparison

BITU's dividend yield for the trailing twelve months is around 0.10%, while BTFX has not paid dividends to shareholders.


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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-19.32%
-19.44%
BITU
BTFX

Volatility

BITU vs. BTFX - Volatility Comparison

Proshares Ultra Bitcoin ETF (BITU) and Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) have volatilities of 32.64% and 32.72%, 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.


20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
32.64%
32.72%
BITU
BTFX