BTCS vs. BITO
Compare and contrast key facts about BTCS Inc. (BTCS) 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: BTCS or BITO.
Performance
BTCS vs. BITO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with BTCS having a 117.79% return and BITO slightly higher at 121.67%.
BTCS
117.79%
188.62%
110.06%
259.20%
33.50%
-45.84%
BITO
121.67%
48.89%
39.46%
142.51%
N/A
N/A
Key characteristics
| BTCS | BITO | |
|---|---|---|
| Sharpe Ratio | 1.92 | 2.48 |
| Sortino Ratio | 3.20 | 2.98 |
| Omega Ratio | 1.40 | 1.35 |
| Calmar Ratio | 2.59 | 2.89 |
| Martin Ratio | 7.21 | 10.56 |
| Ulcer Index | 35.96% | 13.50% |
| Daily Std Dev | 135.07% | 57.56% |
| Max Drawdown | -100.00% | -77.86% |
| Current Drawdown | -99.98% | 0.00% |
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Correlation
The correlation between BTCS and BITO is 0.46, 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.
Risk-Adjusted Performance
BTCS vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BTCS Inc. (BTCS) 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
BTCS vs. BITO - Dividend Comparison
BTCS has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 45.69%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BTCS BTCS Inc. | 0.00% | 0.00% | 7.94% |
BITO ProShares Bitcoin Strategy ETF | 45.69% | 15.14% | 0.00% |
Drawdowns
BTCS vs. BITO - Drawdown Comparison
The maximum BTCS drawdown since its inception was -100.00%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTCS and BITO. For additional features, visit the drawdowns tool.
Volatility
BTCS vs. BITO - Volatility Comparison
BTCS Inc. (BTCS) has a higher volatility of 76.58% compared to ProShares Bitcoin Strategy ETF (BITO) at 18.03%. This indicates that BTCS's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.