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.
Key characteristics
| BTC-USD | BITO | |
|---|---|---|
| YTD Return | 48.80% | 42.81% |
| 1Y Return | 118.01% | 97.22% |
| Sharpe Ratio | 5.04 | 2.00 |
| Daily Std Dev | 39.07% | 50.86% |
| Max Drawdown | -93.07% | -77.86% |
| Current Drawdown | -13.95% | -18.39% |
Correlation
The correlation between BTC-USD and BITO is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTC-USD vs. BITO - Performance Comparison
In the year-to-date period, BTC-USD achieves a 48.80% return, which is significantly higher than BITO's 42.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 16.06%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 17.65%. 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.