BITU vs. IBIT
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and iShares Bitcoin Trust (IBIT).
BITU and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. Both BITU and IBIT 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 IBIT.
Correlation
The correlation between BITU and IBIT is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BITU vs. IBIT - Performance Comparison
Key characteristics
BITU:
0.28
IBIT:
0.83
BITU:
1.20
IBIT:
1.46
BITU:
1.14
IBIT:
1.17
BITU:
0.55
IBIT:
1.60
BITU:
1.05
IBIT:
3.51
BITU:
29.06%
IBIT:
12.85%
BITU:
108.97%
IBIT:
54.64%
BITU:
-55.28%
IBIT:
-28.22%
BITU:
-34.73%
IBIT:
-12.40%
Returns By Period
In the year-to-date period, BITU achieves a -12.36% return, which is significantly lower than IBIT's 0.28% return.
BITU
-12.36%
7.88%
55.86%
22.63%
N/A
N/A
IBIT
0.28%
6.02%
40.70%
40.37%
N/A
N/A
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BITU vs. IBIT - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
BITU vs. IBIT — Risk-Adjusted Performance Rank
BITU
IBIT
BITU vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and iShares Bitcoin Trust (IBIT). 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. IBIT - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 4.98%, while IBIT has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 4.98% | 0.12% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
BITU vs. IBIT - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.28%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for BITU and IBIT. For additional features, visit the drawdowns tool.
Volatility
BITU vs. IBIT - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 33.29% compared to iShares Bitcoin Trust (IBIT) at 16.71%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.