BTC-USD vs. BITO

In the year-to-date period, BTC-USD achieves a -6.69% return, which is significantly higher than BITO's -8.17% return.

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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 1.08, which is higher than the BITO Sharpe Ratio of 0.26. 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.

Bitcoin (BTC-USD) has a higher volatility of 19.94% compared to ProShares Bitcoin Strategy ETF (BITO) at 16.73%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.