Correlation
The correlation between BITX and BITU is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BITX vs. BITU
Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Proshares Ultra Bitcoin ETF (BITU).
BITX and BITU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023. 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: BITX or BITU.
Performance
BITX vs. BITU - Performance Comparison
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Key characteristics
BITX:
0.37
BITU:
0.43
BITX:
1.29
BITU:
1.35
BITX:
1.15
BITU:
1.16
BITX:
0.65
BITU:
0.84
BITX:
1.29
BITU:
1.56
BITX:
31.01%
BITU:
29.89%
BITX:
106.84%
BITU:
105.81%
BITX:
-61.28%
BITU:
-55.28%
BITX:
-22.32%
BITU:
-20.71%
Returns By Period
In the year-to-date period, BITX achieves a 5.90% return, which is significantly lower than BITU's 6.46% return.
BITX
5.90%
13.97%
-8.14%
44.57%
N/A
N/A
N/A
BITU
6.46%
13.85%
-6.22%
50.72%
N/A
N/A
N/A
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BITX vs. BITU - Expense Ratio Comparison
BITX has a 1.85% expense ratio, which is higher than BITU's 0.95% expense ratio.
Risk-Adjusted Performance
BITX vs. BITU — Risk-Adjusted Performance Rank
BITX
BITU
BITX vs. BITU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Proshares Ultra Bitcoin ETF (BITU). 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.
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Dividends
BITX vs. BITU - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 11.96%, more than BITU's 4.07% yield.
| TTM | 2024 | |
|---|---|---|
BITX Volatility Shares 2x Bitcoin Strategy ETF | 11.96% | 10.71% |
BITU Proshares Ultra Bitcoin ETF | 4.07% | 0.12% |
Drawdowns
BITX vs. BITU - Drawdown Comparison
The maximum BITX drawdown since its inception was -61.28%, which is greater than BITU's maximum drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for BITX and BITU.
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Volatility
BITX vs. BITU - Volatility Comparison
Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Proshares Ultra Bitcoin ETF (BITU) have volatilities of 18.92% and 18.68%, 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.
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