BITU vs. BTGD

Last updated Jun 4, 2026

BITU (Proshares Ultra Bitcoin ETF) and BTGD (STKD Bitcoin & Gold ETF) are both Cryptocurrency funds. BITU is passively managed, while BTGD is actively managed. Over the past year, BITU returned -73.07% vs -30.17% for BTGD. Their correlation of 0.90 suggests significant overlap in exposure. BITU charges 0.95%/yr vs 1.00%/yr for BTGD.

Performance

BITU vs. BTGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultra Bitcoin ETF (BITU) and STKD Bitcoin & Gold ETF (BTGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITU achieves a -52.92% return, which is significantly lower than BTGD's -28.65% return.

BITU

• 1D: -5.58%
• 1M: -34.84%
• YTD: -52.92%
• 6M: -59.11%
• 1Y: -73.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTGD

• 1D: -4.01%
• 1M: -20.36%
• YTD: -28.65%
• 6M: -31.64%
• 1Y: -30.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITU vs. BTGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BITU Proshares Ultra Bitcoin ETF	-52.92%	-37.07%	70.08%
BTGD STKD Bitcoin & Gold ETF	-28.65%	34.62%	29.81%

Correlation

The correlation between BITU and BTGD is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024	0.90

The correlation between BITU and BTGD has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

BITU vs. BTGD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 2
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

BTGD

BTGD Risk / Return Rank: 4
BTGD Sharpe Ratio Rank: 4
BTGD Sortino Ratio Rank: 4
BTGD Omega Ratio Rank: 4
BTGD Calmar Ratio Rank: 3
BTGD Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITU vs. BTGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and STKD Bitcoin & Gold ETF (BTGD). 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	BTGD	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	-0.55	-0.29
Sortino ratio: Return per unit of downside risk	-1.44	-0.51	-0.92
Omega ratio: Gain probability vs. loss probability	0.84	0.94	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.63	-0.29
Martin ratio: Return relative to average drawdown	-1.47	-1.25	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITU vs. BTGD - Sharpe Ratio Comparison

The current BITU Sharpe Ratio is -0.84, which is lower than the BTGD Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of BITU and BTGD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BITU	BTGD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	-0.55	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	0.26	-0.61

Drawdowns

BITU vs. BTGD - Drawdown Comparison

The maximum BITU drawdown since its inception was -78.94%, which is greater than BTGD's maximum drawdown of -47.73%. Use the drawdown chart below to compare losses from any high point for BITU and BTGD.

Drawdown Indicators

	BITU	BTGD	Difference
Max Drawdown Largest peak-to-trough decline	-78.94%	-47.73%	-31.21%
Max Drawdown (1Y) Largest decline over 1 year	-78.94%	-47.73%	-31.21%
Current Drawdown Current decline from peak	-78.94%	-47.73%	-31.21%
Average Drawdown Average peak-to-trough decline	-34.49%	-14.58%	-19.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.84%	24.09%	+25.75%

Volatility

BITU vs. BTGD - Volatility Comparison

Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 18.99% compared to STKD Bitcoin & Gold ETF (BTGD) at 11.95%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than BTGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITU	BTGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.99%	11.95%	+7.04%
Volatility (6M) Calculated over the trailing 6-month period	69.41%	45.64%	+23.77%
Volatility (1Y) Calculated over the trailing 1-year period	87.00%	55.04%	+31.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.45%	55.51%	+41.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.45%	55.51%	+41.94%

BITU vs. BTGD - Expense Ratio Comparison

BITU has a 0.95% expense ratio, which is lower than BTGD's 1.00% expense ratio.

Dividends

BITU vs. BTGD - Dividend Comparison

BITU's dividend yield for the trailing twelve months is around 83.36%, more than BTGD's 4.71% yield.

Position	TTM	2025	2024
BITU Proshares Ultra Bitcoin ETF	83.36%	50.23%	0.12%
BTGD STKD Bitcoin & Gold ETF	4.71%	3.36%	0.19%

Frequently Asked Questions

Can I hold both BITU and BTGD in my portfolio?

BITU and BTGD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITU or BTGD?

BITU has higher volatility (18.99%) compared to BTGD (11.95%). In terms of maximum drawdown, BITU dropped -78.94% vs BTGD's -47.73%.

Which ETF is better, BITU or BTGD?

On 1-year performance, BTGD leads with -30.17% vs -73.07% for BITU. On fees, BITU is cheaper at 0.95% per year. On volatility, BTGD has been the lower-risk option at 11.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITU or BTGD?

Over the 1-year period, BTGD has performed better with a -30.17% return vs -73.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITU or BTGD?

BITU is cheaper with a 0.95% expense ratio, compared with 1.00% for BTGD.

Which ETF pays a higher dividend yield, BITU or BTGD?

BITU has the higher dividend yield at 83.36%, compared with 4.71% for BTGD.

What is the main difference between BITU and BTGD?

They also come from different issuers: ProShares and Quantify Funds. Their fees differ too: 0.95% for BITU and 1.00% for BTGD.

Which has better risk-adjusted returns?

BTGD currently has the higher Sharpe Ratio (-0.55 vs -0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.