BITU vs. NOBL
BITU (Proshares Ultra Bitcoin ETF) and NOBL (ProShares S&P 500 Dividend Aristocrats ETF) are both exchange-traded funds - BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross, while NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index. Both are passively managed. Over the past year, BITU returned -77.91% vs 16.34% for NOBL. Their 0.16 correlation means their historical movements had little consistent relationship. BITU charges 0.95%/yr vs 0.35%/yr for NOBL.
Performance
BITU vs. NOBL - Performance Comparison
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Returns By Period
In the year-to-date period, BITU achieves a -56.85% return, which is significantly lower than NOBL's 12.94% return.
BITU
- 1D
- 1.18%
- 1M
- 7.02%
- 6M
- -41.26%
- YTD
- -56.85%
- 1Y
- -77.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -33.51%
NOBL
- 1D
- 1.29%
- 1M
- 0.78%
- 6M
- 5.71%
- YTD
- 12.94%
- 1Y
- 16.34%
- 3Y*
- 9.22%
- 5Y*
- 6.92%
- 10Y*
- 9.99%
- ALL TIME*
- 10.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.32M | $38.70M | $45.83M | |
| $71.96M | $68.15M | $62.59M |
BITU vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | -56.85% | -37.07% | 41.85% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 12.94% | 6.84% | 0.52% |
Correlation
The correlation between BITU and NOBL is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.16 |
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Return for Risk
BITU vs. NOBL — Risk / Return Rank
BITU
NOBL
BITU vs. NOBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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 | NOBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.24 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 1.80 | -2.74 |
| Martin ratioReturn relative to average drawdown | -1.30 | 4.56 | -5.87 |
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Drawdowns
BITU vs. NOBL - Drawdown Comparison
The maximum BITU drawdown since its inception was -83.45%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for BITU and NOBL.
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Drawdown Indicators
| BITU | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.45% | -35.43% | -48.02% |
Max Drawdown (1Y)Largest decline over 1 year | -83.45% | -9.11% | -74.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.43% | — |
Current DrawdownCurrent decline from peak | -80.70% | -0.46% | -80.24% |
Average DrawdownAverage peak-to-trough decline | -37.76% | -3.46% | -34.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.73% | 3.59% | +56.14% |
Volatility
BITU vs. NOBL - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 16.04% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 4.83%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITU | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.04% | 4.83% | +11.21% |
Volatility (6M)Calculated over the trailing 6-month period | 66.33% | 9.18% | +57.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.24% | 11.96% | +76.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.93% | 14.48% | +81.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.93% | 16.64% | +79.29% |
BITU vs. NOBL - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Dividends
BITU vs. NOBL - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 79.54%, more than NOBL's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 79.54% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.00% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
Frequently Asked Questions
BITU and NOBL have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (16.04%) compared to NOBL (4.83%). In terms of maximum drawdown, BITU dropped -83.45% vs NOBL's -35.43%.
On 1-year performance, NOBL leads with 16.34% vs -77.91% for BITU. On fees, NOBL is cheaper at 0.35% per year. On volatility, NOBL has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NOBL has performed better with a 16.34% return vs -77.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NOBL is cheaper with a 0.35% expense ratio, compared with 0.95% for BITU.
BITU has the higher dividend yield at 79.54%, compared with 2.00% for NOBL.
BITU is categorized as Cryptocurrency, while NOBL is Dividend. BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross, while NOBL tracks S&P 500 Dividend Aristocrats Index. Their fees differ too: 0.95% for BITU and 0.35% for NOBL.
NOBL currently has the higher Sharpe Ratio (1.38 vs -0.89), 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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