BTC-USD vs. BITO

The year-to-date returns for both stocks are quite close, with BTC-USD having a 13.61% return and BITO slightly lower at 13.30%.

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This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and ProShares Bitcoin Strategy ETF (BITO). 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.

The current BTC-USD Sharpe Ratio is 2.39, which is comparable to the BITO Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BTC-USD and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum BTC-USD drawdown since its inception was -93.07%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTC-USD and BITO. For additional features, visit the drawdowns tool.

The current volatility for Bitcoin (BTC-USD) is 13.34%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 14.05%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.