BTCE.DE vs. BITO
Compare and contrast key facts about ETC Group Physical Bitcoin (BTCE.DE) and ProShares Bitcoin Strategy ETF (BITO).
BTCE.DE and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCE.DE is an actively managed fund by ETC Issuance. It was launched on Jun 8, 2020. 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: BTCE.DE or BITO.
Key characteristics
| BTCE.DE | BITO | |
|---|---|---|
| YTD Return | 79.52% | 71.92% |
| 1Y Return | 104.90% | 93.59% |
| 3Y Return (Ann) | 4.95% | -0.59% |
| Sharpe Ratio | 2.12 | 1.73 |
| Sortino Ratio | 2.67 | 2.36 |
| Omega Ratio | 1.33 | 1.27 |
| Calmar Ratio | 2.32 | 1.92 |
| Martin Ratio | 9.31 | 7.28 |
| Ulcer Index | 11.59% | 13.51% |
| Daily Std Dev | 50.83% | 56.67% |
| Max Drawdown | -74.62% | -77.86% |
| Current Drawdown | 0.00% | -1.77% |
Correlation
The correlation between BTCE.DE and BITO is 0.70, 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.
Performance
BTCE.DE vs. BITO - Performance Comparison
In the year-to-date period, BTCE.DE achieves a 79.52% return, which is significantly higher than BITO's 71.92% 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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BTCE.DE vs. BITO - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
BTCE.DE vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) 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.
Dividends
BTCE.DE vs. BITO - Dividend Comparison
BTCE.DE has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 58.91%.
| TTM | 2023 | |
|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 58.91% | 15.14% |
Drawdowns
BTCE.DE vs. BITO - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, roughly equal to the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and BITO. For additional features, visit the drawdowns tool.
Volatility
BTCE.DE vs. BITO - Volatility Comparison
The current volatility for ETC Group Physical Bitcoin (BTCE.DE) is 12.21%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 14.61%. This indicates that BTCE.DE 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.