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BTCO vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BTCO and BITO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.4

Performance

BTCO vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Bitcoin ETF (BTCO) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
104.75%
89.55%
BTCO
BITO

Key characteristics

Sharpe Ratio

BTCO:

0.80

BITO:

0.63

Sortino Ratio

BTCO:

1.43

BITO:

1.24

Omega Ratio

BTCO:

1.17

BITO:

1.14

Calmar Ratio

BTCO:

1.54

BITO:

1.11

Martin Ratio

BTCO:

3.40

BITO:

2.52

Ulcer Index

BTCO:

12.70%

BITO:

13.75%

Daily Std Dev

BTCO:

53.85%

BITO:

55.08%

Max Drawdown

BTCO:

-28.03%

BITO:

-77.86%

Current Drawdown

BTCO:

-10.49%

BITO:

-12.75%

Returns By Period

In the year-to-date period, BTCO achieves a 2.10% return, which is significantly higher than BITO's 0.30% return.


BTCO

YTD

2.10%

1M

10.27%

6M

42.73%

1Y

47.14%

5Y*

N/A

10Y*

N/A

BITO

YTD

0.30%

1M

9.90%

6M

38.09%

1Y

38.36%

5Y*

N/A

10Y*

N/A

*Annualized

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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.


Expense ratio chart for BITO: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BITO: 0.95%
Expense ratio chart for BTCO: current value is 0.39%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BTCO: 0.39%

Risk-Adjusted Performance

BTCO vs. BITO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCO
The Risk-Adjusted Performance Rank of BTCO is 7878
Overall Rank
The Sharpe Ratio Rank of BTCO is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of BTCO is 7979
Sortino Ratio Rank
The Omega Ratio Rank of BTCO is 7373
Omega Ratio Rank
The Calmar Ratio Rank of BTCO is 9090
Calmar Ratio Rank
The Martin Ratio Rank of BTCO is 7676
Martin Ratio Rank

BITO
The Risk-Adjusted Performance Rank of BITO is 7171
Overall Rank
The Sharpe Ratio Rank of BITO is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of BITO is 7474
Sortino Ratio Rank
The Omega Ratio Rank of BITO is 6666
Omega Ratio Rank
The Calmar Ratio Rank of BITO is 8484
Calmar Ratio Rank
The Martin Ratio Rank of BITO is 6666
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for BTCO, currently valued at 0.80, compared to the broader market-1.000.001.002.003.004.00
BTCO: 0.80
BITO: 0.63
The chart of Sortino ratio for BTCO, currently valued at 1.43, compared to the broader market-2.000.002.004.006.008.00
BTCO: 1.43
BITO: 1.24
The chart of Omega ratio for BTCO, currently valued at 1.17, compared to the broader market0.501.001.502.002.50
BTCO: 1.17
BITO: 1.14
The chart of Calmar ratio for BTCO, currently valued at 1.54, compared to the broader market0.002.004.006.008.0010.0012.00
BTCO: 1.54
BITO: 1.16
The chart of Martin ratio for BTCO, currently valued at 3.40, compared to the broader market0.0020.0040.0060.00
BTCO: 3.40
BITO: 2.52

The current BTCO Sharpe Ratio is 0.80, which is comparable to the BITO Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of BTCO 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.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
0.80
0.63
BTCO
BITO

Dividends

BTCO vs. BITO - Dividend Comparison

BTCO has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 66.60%.


TTM20242023
BTCO
Invesco Galaxy Bitcoin ETF
0.00%0.00%0.00%
BITO
ProShares Bitcoin Strategy ETF
66.60%61.58%15.14%

Drawdowns

BTCO vs. BITO - Drawdown Comparison

The maximum BTCO drawdown since its inception was -28.03%, 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.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.49%
-12.75%
BTCO
BITO

Volatility

BTCO vs. BITO - Volatility Comparison

Invesco Galaxy Bitcoin ETF (BTCO) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 16.17% 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.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
16.17%
16.62%
BTCO
BITO