BITU vs. SGOV
BITU (Proshares Ultra Bitcoin ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past year, BITU returned -73.89% vs 3.95% for SGOV. At a 0.04 correlation, their price movements are largely independent. BITU charges 0.95%/yr vs 0.09%/yr for SGOV.
Performance
BITU vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BITU achieves a -55.56% return, which is significantly lower than SGOV's 1.52% return.
BITU
- 1D
- -5.61%
- 1M
- -40.78%
- YTD
- -55.56%
- 6M
- -61.06%
- 1Y
- -73.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
BITU vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | -55.56% | -37.07% | 37.90% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 3.86% |
Correlation
The correlation between BITU and SGOV is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BITU vs. SGOV — Risk / Return Rank
BITU
SGOV
BITU vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| BITU | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.13 | ||
| Sortino ratioReturn per unit of downside risk | -277.16 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 195.55 | -194.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 398.20 | -399.12 |
| Martin ratioReturn relative to average drawdown | -1.48 | 4,462.00 | -4,463.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BITU | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | 20.28 | -21.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 12.49 | -12.85 |
Drawdowns
BITU vs. SGOV - Drawdown Comparison
The maximum BITU drawdown since its inception was -80.13%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BITU and SGOV.
Loading charts...
Drawdown Indicators
| BITU | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.13% | -0.03% | -80.10% |
Max Drawdown (1Y)Largest decline over 1 year | -80.13% | -0.01% | -80.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -80.13% | 0.00% | -80.13% |
Average DrawdownAverage peak-to-trough decline | -34.58% | -0.00% | -34.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.09% | 0.00% | +50.09% |
Volatility
BITU vs. SGOV - Volatility Comparison
Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 18.31% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITU | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.31% | 0.05% | +18.26% |
Volatility (6M)Calculated over the trailing 6-month period | 68.43% | 0.13% | +68.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.07% | 0.20% | +86.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.43% | 0.24% | +97.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.43% | 0.24% | +97.19% |
BITU vs. SGOV - Expense Ratio Comparison
BITU has a 0.95% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
BITU vs. SGOV - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 88.31%, more than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 88.31% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
BITU and SGOV have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (18.31%) compared to SGOV (0.05%). In terms of maximum drawdown, BITU dropped -80.13% vs SGOV's -0.03%.
On 1-year performance, SGOV leads with 3.95% vs -73.89% for BITU. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SGOV has performed better with a 3.95% return vs -73.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.95% for BITU.
BITU has the higher dividend yield at 88.31%, compared with 3.86% for SGOV.
BITU is categorized as Cryptocurrency, while SGOV is Ultrashort Bond. BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for BITU and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.85), 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.
Find the right allocation for BITU and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer