BITU vs. GOOG
BITU (Proshares Ultra Bitcoin ETF) is Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross, while GOOG (Alphabet Inc) is a stock. Over the past year, BITU returned -71.62% vs 109.32% for GOOG. At a 0.29 correlation, their price movements are largely independent.
Performance
BITU vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, BITU achieves a -51.92% return, which is significantly lower than GOOG's 17.14% return.
BITU
- 1D
- 9.21%
- 1M
- -31.11%
- YTD
- -51.92%
- 6M
- -50.40%
- 1Y
- -71.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOG
- 1D
- 2.50%
- 1M
- -6.61%
- YTD
- 17.14%
- 6M
- 18.84%
- 1Y
- 109.32%
- 3Y*
- 43.99%
- 5Y*
- 24.12%
- 10Y*
- 26.76%
BITU vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | -51.92% | -37.07% | 41.85% |
GOOG Alphabet Inc | 17.14% | 65.42% | 22.12% |
Correlation
The correlation between BITU and GOOG is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.29 |
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Return for Risk
BITU vs. GOOG — Risk / Return Rank
BITU
GOOG
BITU vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and Alphabet Inc (GOOG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BITU | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.63 | ||
| Sortino ratioReturn per unit of downside risk | -6.49 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.62 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 5.30 | -6.17 |
| Martin ratioReturn relative to average drawdown | -1.38 | 18.58 | -19.96 |
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Drawdowns
BITU vs. GOOG - Drawdown Comparison
The maximum BITU drawdown since its inception was -82.21%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for BITU and GOOG.
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Drawdown Indicators
| BITU | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.21% | -44.60% | -37.61% |
Max Drawdown (1Y)Largest decline over 1 year | -82.21% | -20.75% | -61.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.60% | — |
Current DrawdownCurrent decline from peak | -78.50% | -7.95% | -70.55% |
Average DrawdownAverage peak-to-trough decline | -35.10% | -8.89% | -26.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.85% | 5.91% | +45.94% |
Volatility
BITU vs. GOOG - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 25.78% compared to Alphabet Inc (GOOG) at 7.87%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITU | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.78% | 7.87% | +17.91% |
Volatility (6M)Calculated over the trailing 6-month period | 70.18% | 20.46% | +49.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.32% | 28.85% | +59.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.56% | 31.18% | +66.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.56% | 29.04% | +68.52% |
Dividends
BITU vs. GOOG - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 81.62%, more than GOOG's 0.23% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 81.62% | 50.23% | 0.12% |
GOOG Alphabet Inc | 0.23% | 0.26% | 0.32% |
Frequently Asked Questions
BITU and GOOG have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (25.78%) compared to GOOG (7.87%). In terms of maximum drawdown, BITU dropped -82.21% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (3.82 vs -0.81), 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.
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