BITU vs. ERX
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and Direxion Daily Energy Bull 2X Shares (ERX).
BITU and ERX 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. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020. Both BITU and ERX 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 ERX.
Correlation
The correlation between BITU and ERX is 0.33, 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. ERX - Performance Comparison
Key characteristics
BITU:
0.28
ERX:
-0.64
BITU:
1.20
ERX:
-0.64
BITU:
1.14
ERX:
0.91
BITU:
0.55
ERX:
-0.33
BITU:
1.05
ERX:
-1.88
BITU:
29.06%
ERX:
16.76%
BITU:
108.97%
ERX:
49.65%
BITU:
-55.28%
ERX:
-99.54%
BITU:
-34.73%
ERX:
-95.78%
Returns By Period
In the year-to-date period, BITU achieves a -12.36% return, which is significantly higher than ERX's -14.02% return.
BITU
-12.36%
7.88%
55.86%
22.63%
N/A
N/A
ERX
-14.02%
-26.05%
-21.81%
-33.04%
33.04%
-21.62%
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BITU vs. ERX - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is lower than ERX's 1.09% expense ratio.
Risk-Adjusted Performance
BITU vs. ERX — Risk-Adjusted Performance Rank
BITU
ERX
BITU vs. ERX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and Direxion Daily Energy Bull 2X Shares (ERX). 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.
Dividends
BITU vs. ERX - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 4.98%, more than ERX's 3.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 4.98% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERX Direxion Daily Energy Bull 2X Shares | 3.30% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Drawdowns
BITU vs. ERX - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.28%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for BITU and ERX. For additional features, visit the drawdowns tool.
Volatility
BITU vs. ERX - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) and Direxion Daily Energy Bull 2X Shares (ERX) have volatilities of 33.29% and 34.98%, 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.