BTCM vs. BITO
Compare and contrast key facts about BIT Mining Limited (BTCM) 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: BTCM or BITO.
Correlation
The correlation between BTCM and BITO is 0.51, 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
BTCM vs. BITO - Performance Comparison
Key characteristics
BTCM:
-0.41
BITO:
0.30
BTCM:
-0.13
BITO:
0.82
BTCM:
0.99
BITO:
1.09
BTCM:
-0.38
BITO:
0.52
BTCM:
-1.23
BITO:
1.17
BTCM:
30.81%
BITO:
13.93%
BTCM:
91.88%
BITO:
54.95%
BTCM:
-99.72%
BITO:
-77.86%
BTCM:
-99.66%
BITO:
-20.40%
Returns By Period
In the year-to-date period, BTCM achieves a -31.35% return, which is significantly lower than BITO's -8.50% return.
BTCM
-31.35%
-11.28%
-22.77%
-34.96%
-46.93%
-34.76%
BITO
-8.50%
0.52%
39.36%
23.21%
N/A
N/A
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Risk-Adjusted Performance
BTCM vs. BITO — Risk-Adjusted Performance Rank
BTCM
BITO
BTCM vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BIT Mining Limited (BTCM) 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
BTCM vs. BITO - Dividend Comparison
BTCM has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 73.01%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTCM BIT Mining Limited | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 73.01% | 61.59% | 15.14% |
Drawdowns
BTCM vs. BITO - Drawdown Comparison
The maximum BTCM drawdown since its inception was -99.72%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTCM and BITO. For additional features, visit the drawdowns tool.
Volatility
BTCM vs. BITO - Volatility Comparison
The current volatility for BIT Mining Limited (BTCM) is 15.70%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 17.04%. This indicates that BTCM 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.