BITU vs. USFR

Last updated Jun 21, 2026

BITU (Proshares Ultra Bitcoin ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past year, BITU returned -73.68% vs 3.97% for USFR. At a correlation of -0.01, they often move in opposite directions. BITU charges 0.95%/yr vs 0.15%/yr for USFR.

Performance

BITU vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultra Bitcoin ETF (BITU) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITU achieves a -57.25% return, which is significantly lower than USFR's 1.78% return.

BITU

• 1D: -4.29%
• 1M: -32.98%
• YTD: -57.25%
• 6M: -57.87%
• 1Y: -73.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.04%
• 1M: 0.29%
• YTD: 1.78%
• 6M: 1.92%
• 1Y: 3.97%
• 3Y*: 4.77%
• 5Y*: 3.70%
• 10Y*: 2.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITU vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BITU Proshares Ultra Bitcoin ETF	-57.25%	-37.07%	41.85%
USFR WisdomTree Floating Rate Treasury Fund	1.78%	4.23%	3.93%

Correlation

The correlation between BITU and USFR is -0.10, 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	-0.10
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	-0.01

Return for Risk

BITU vs. USFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 2
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITU vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) and WisdomTree Floating Rate Treasury Fund (USFR). 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	USFR	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	14.77	-15.61
Sortino ratio: Return per unit of downside risk	-1.46	50.39	-51.85
Omega ratio: Gain probability vs. loss probability	0.84	13.37	-12.53
Calmar ratio: Return relative to maximum drawdown	-0.90	202.37	-203.28
Martin ratio: Return relative to average drawdown	-1.41	783.79	-785.20

BITU vs. USFR - Sharpe Ratio Comparison

The current BITU Sharpe Ratio is -0.84, which is lower than the USFR Sharpe Ratio of 14.77. The chart below compares the historical Sharpe Ratios of BITU and USFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITU vs. USFR - Drawdown Comparison

The maximum BITU drawdown since its inception was -82.21%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for BITU and USFR.

Drawdown Indicators

	BITU	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-82.21%	-1.36%	-80.85%
Max Drawdown (1Y) Largest decline over 1 year	-82.21%	-0.02%	-82.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.80%	—
Current Drawdown Current decline from peak	-80.88%	0.00%	-80.88%
Average Drawdown Average peak-to-trough decline	-35.34%	-0.16%	-35.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.56%	0.01%	+52.55%

Volatility

BITU vs. USFR - Volatility Comparison

Proshares Ultra Bitcoin ETF (BITU) has a higher volatility of 25.30% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that BITU's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITU	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.30%	0.08%	+25.22%
Volatility (6M) Calculated over the trailing 6-month period	69.47%	0.19%	+69.28%
Volatility (1Y) Calculated over the trailing 1-year period	87.79%	0.27%	+87.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.40%	0.40%	+97.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.40%	0.78%	+96.62%

BITU vs. USFR - Expense Ratio Comparison

BITU has a 0.95% expense ratio, which is higher than USFR's 0.15% expense ratio.

Dividends

BITU vs. USFR - Dividend Comparison

BITU's dividend yield for the trailing twelve months is around 91.80%, more than USFR's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BITU Proshares Ultra Bitcoin ETF	91.80%	50.23%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USFR WisdomTree Floating Rate Treasury Fund	3.91%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%

Frequently Asked Questions

Can I hold both BITU and USFR in my portfolio?

BITU and USFR have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITU or USFR?

BITU has higher volatility (25.30%) compared to USFR (0.08%). In terms of maximum drawdown, BITU dropped -82.21% vs USFR's -1.36%.

Which ETF is better, BITU or USFR?

On 1-year performance, USFR leads with 3.97% vs -73.68% for BITU. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITU or USFR?

Over the 1-year period, USFR has performed better with a 3.97% return vs -73.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITU or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.95% for BITU.

Which ETF pays a higher dividend yield, BITU or USFR?

BITU has the higher dividend yield at 91.80%, compared with 3.91% for USFR.

What is the main difference between BITU and USFR?

BITU is categorized as Cryptocurrency, while USFR is Government Bonds. BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for BITU and 0.15% for USFR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.77 vs -0.84), 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.