BITU vs. MSTR
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and MicroStrategy Incorporated (MSTR).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITU or MSTR.
Correlation
The correlation between BITU and MSTR 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. MSTR - Performance Comparison
Key characteristics
BITU:
0.28
MSTR:
1.88
BITU:
1.20
MSTR:
2.59
BITU:
1.14
MSTR:
1.30
BITU:
0.55
MSTR:
2.90
BITU:
1.05
MSTR:
8.21
BITU:
29.06%
MSTR:
23.69%
BITU:
108.97%
MSTR:
102.96%
BITU:
-55.28%
MSTR:
-99.86%
BITU:
-34.73%
MSTR:
-27.04%
Returns By Period
In the year-to-date period, BITU achieves a -12.36% return, which is significantly lower than MSTR's 19.37% return.
BITU
-12.36%
7.88%
55.86%
22.63%
N/A
N/A
MSTR
19.37%
2.98%
61.59%
158.27%
94.59%
34.85%
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Risk-Adjusted Performance
BITU vs. MSTR — Risk-Adjusted Performance Rank
BITU
MSTR
BITU vs. MSTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and MicroStrategy Incorporated (MSTR). 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. MSTR - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 4.98%, while MSTR has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 4.98% | 0.12% |
MSTR MicroStrategy Incorporated | 0.00% | 0.00% |
Drawdowns
BITU vs. MSTR - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.28%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for BITU and MSTR. For additional features, visit the drawdowns tool.
Volatility
BITU vs. MSTR - Volatility Comparison
The current volatility for Proshares Ultra Bitcoin ETF (BITU) is 33.29%, while MicroStrategy Incorporated (MSTR) has a volatility of 36.50%. This indicates that BITU experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.