BPRO vs. BITQ

Last updated Jul 1, 2026

BPRO (Bitwise Proficio Currency Debasement ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - BPRO is a Multistrategy fund actively managed by Bitwise, while BITQ is a Blockchain fund tracking the Bitwise Crypto Innovators 30 Index. BPRO is actively managed, while BITQ is passively managed. At a 0.48 correlation, their price movements are largely independent.

Performance

BPRO vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Proficio Currency Debasement ETF (BPRO) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPRO

• 1D: 0.08%
• 1M: -13.53%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITQ

• 1D: -2.43%
• 1M: -14.37%
• YTD: 22.93%
• 6M: 21.29%
• 1Y: 24.24%
• 3Y*: 46.02%
• 5Y*: 1.93%
• 10Y*: —

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

BPRO vs. BITQ - Yearly Performance Comparison

	2026 (YTD)
BPRO Bitwise Proficio Currency Debasement ETF	-24.12%
BITQ Bitwise Crypto Industry Innovators ETF	6.85%

Correlation

The correlation between BPRO and BITQ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.48

Return for Risk

BPRO vs. BITQ — Risk / Return Rank

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

BPRO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BITQ

BITQ Risk / Return Rank: 16
BITQ Sharpe Ratio Rank: 15
BITQ Sortino Ratio Rank: 19
BITQ Omega Ratio Rank: 18
BITQ Calmar Ratio Rank: 15
BITQ Martin Ratio Rank: 14

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.

BPRO vs. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Proficio Currency Debasement ETF (BPRO) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.

	BPRO	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.43	—
Sortino ratio: Return per unit of downside risk	—	0.97	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.54	—
Martin ratio: Return relative to average drawdown	—	1.12	—

Drawdowns

BPRO vs. BITQ - Drawdown Comparison

The maximum BPRO drawdown since its inception was -34.80%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for BPRO and BITQ.

Drawdown Indicators

	BPRO	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.80%	-90.32%	+55.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-51.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.32%	—
Current Drawdown Current decline from peak	-34.24%	-24.43%	-9.81%
Average Drawdown Average peak-to-trough decline	-20.64%	-52.41%	+31.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.65%	—

Volatility

Volatility by Period

	BPRO	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	45.13%	57.05%	-11.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.13%	67.30%	-22.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.13%	67.18%	-22.05%

Dividends

BPRO vs. BITQ - Dividend Comparison

Neither BPRO nor BITQ has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
BPRO Bitwise Proficio Currency Debasement ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BPRO and BITQ in my portfolio?

BPRO and BITQ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, BPRO or BITQ?

BPRO and BITQ have nearly identical dividend yields, around 0.00%.

What is the main difference between BPRO and BITQ?

BPRO is categorized as Multistrategy, while BITQ is Blockchain.