BTC-USD vs. BITO

In the year-to-date period, BTC-USD achieves a 0.29% return, which is significantly higher than BITO's -1.44% 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 1.90, which is higher than the BITO Sharpe Ratio of 0.58. 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) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 16.27% and 16.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.