BTCO vs. BITO
Compare and contrast key facts about Invesco Galaxy Bitcoin ETF (BTCO) and ProShares Bitcoin Strategy ETF (BITO).
BTCO and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCO is a passively managed fund by Invesco that tracks the performance of the Lukka Prime Reference Bitcoin Rate. It was launched on Jan 11, 2024. 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: BTCO or BITO.
Key characteristics
| BTCO | BITO | |
|---|---|---|
| Daily Std Dev | 58.81% | 50.68% |
| Max Drawdown | -22.69% | -77.86% |
| Current Drawdown | -11.34% | -14.28% |
Correlation
The correlation between BTCO and BITO is 1.00, 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
BTCO vs. BITO - Performance Comparison
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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BTCO vs. BITO - Expense Ratio Comparison
BTCO has a 0.39% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
BTCO vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) 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.
Not enough dataDividends
BTCO vs. BITO - Dividend Comparison
BTCO has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 22.20%.
| TTM | 2023 | |
|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 22.20% | 15.14% |
Drawdowns
BTCO vs. BITO - Drawdown Comparison
The maximum BTCO drawdown since its inception was -22.69%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTCO and BITO. For additional features, visit the drawdowns tool.
Volatility
BTCO vs. BITO - Volatility Comparison
Invesco Galaxy Bitcoin ETF (BTCO) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 15.63% and 15.95%, 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.