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.
Key characteristics
| BITU | MSTR | |
|---|---|---|
| Daily Std Dev | 109.45% | 99.21% |
| Max Drawdown | -55.23% | -99.86% |
| Current Drawdown | -30.73% | -37.99% |
Correlation
The correlation between BITU and MSTR is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BITU vs. MSTR - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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.
Not enough dataDividends
BITU vs. MSTR - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 0.20%, while MSTR has not paid dividends to shareholders.
| TTM | |
|---|---|
BITU Proshares Ultra Bitcoin ETF | 0.20% |
MSTR MicroStrategy Incorporated | 0.00% |
Drawdowns
BITU vs. MSTR - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.23%, 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
Proshares Ultra Bitcoin ETF (BITU) and MicroStrategy Incorporated (MSTR) have volatilities of 23.70% and 23.87%, 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.