BTF vs. BITO
Compare and contrast key facts about Valkyrie Bitcoin and Ether Strategy ETF (BTF) and ProShares Bitcoin Strategy ETF (BITO).
BTF and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 2021. 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: BTF or BITO.
Performance
BTF vs. BITO - Performance Comparison
Returns By Period
In the year-to-date period, BTF achieves a 67.04% return, which is significantly lower than BITO's 102.65% return.
BTF
67.04%
34.27%
4.12%
89.58%
N/A
N/A
BITO
102.65%
35.47%
29.15%
128.81%
N/A
N/A
Key characteristics
| BTF | BITO | |
|---|---|---|
| Sharpe Ratio | 1.53 | 2.23 |
| Sortino Ratio | 2.16 | 2.79 |
| Omega Ratio | 1.26 | 1.33 |
| Calmar Ratio | 1.89 | 2.67 |
| Martin Ratio | 4.80 | 9.53 |
| Ulcer Index | 18.66% | 13.51% |
| Daily Std Dev | 58.49% | 57.84% |
| Max Drawdown | -77.50% | -77.86% |
| Current Drawdown | -4.82% | -8.58% |
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BTF vs. BITO - Expense Ratio Comparison
BTF has a 1.24% expense ratio, which is higher than BITO's 0.95% expense ratio.
Correlation
The correlation between BTF and BITO is 0.97, 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.
Risk-Adjusted Performance
BTF vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin and Ether Strategy ETF (BTF) 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
BTF vs. BITO - Dividend Comparison
BTF's dividend yield for the trailing twelve months is around 10.38%, less than BITO's 49.98% yield.
| TTM | 2023 | |
|---|---|---|
BTF Valkyrie Bitcoin and Ether Strategy ETF | 10.38% | 15.98% |
BITO ProShares Bitcoin Strategy ETF | 49.98% | 15.14% |
Drawdowns
BTF vs. BITO - Drawdown Comparison
The maximum BTF drawdown since its inception was -77.50%, roughly equal to the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTF and BITO. For additional features, visit the drawdowns tool.
Volatility
BTF vs. BITO - Volatility Comparison
Valkyrie Bitcoin and Ether Strategy ETF (BTF) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 20.38% and 19.42%, 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.