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 | 113.19% | 103.67% |
| Max Drawdown | -55.23% | -99.86% |
| Current Drawdown | 0.00% | -4.47% |
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 0.11%, while MSTR has not paid dividends to shareholders.
| TTM | |
|---|---|
BITU Proshares Ultra Bitcoin ETF | 0.11% |
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) has a higher volatility of 35.48% compared to MicroStrategy Incorporated (MSTR) at 32.85%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.