BTC-USD vs. BITO
Compare and contrast key facts about Bitcoin (BTC-USD) and ProShares Bitcoin Strategy ETF (BITO).
BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTC-USD or BITO.
Performance
BTC-USD vs. BITO - Performance Comparison
Returns By Period
In the year-to-date period, BTC-USD achieves a 133.06% return, which is significantly higher than BITO's 119.51% return.
BTC-USD
133.06%
46.23%
45.01%
163.15%
67.83%
74.47%
BITO
119.51%
44.98%
42.52%
140.15%
N/A
N/A
Key characteristics
| BTC-USD | BITO | |
|---|---|---|
| Sharpe Ratio | 1.09 | 2.53 |
| Sortino Ratio | 1.80 | 3.01 |
| Omega Ratio | 1.18 | 1.36 |
| Calmar Ratio | 0.94 | 2.95 |
| Martin Ratio | 5.10 | 10.78 |
| Ulcer Index | 11.65% | 13.50% |
| Daily Std Dev | 44.23% | 57.58% |
| Max Drawdown | -93.07% | -77.86% |
| Current Drawdown | 0.00% | 0.00% |
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Correlation
The correlation between BTC-USD and BITO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BTC-USD vs. BITO - Risk-Adjusted Performance Comparison
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.
Drawdowns
BTC-USD vs. BITO - Drawdown Comparison
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.
Volatility
BTC-USD vs. BITO - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 16.79%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.71%. 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.