BTFX vs. BITU
Compare and contrast key facts about Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) and Proshares Ultra Bitcoin ETF (BITU).
BTFX and BITU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTFX is a passively managed fund by Valkyrie that tracks the performance of the S&P CME Bitcoin Futures Index. It was launched on Feb 21, 2024. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. Both BTFX and BITU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTFX or BITU.
Key characteristics
| BTFX | BITU | |
|---|---|---|
| Daily Std Dev | 112.94% | 113.52% |
| Max Drawdown | -62.26% | -55.23% |
| Current Drawdown | -53.04% | -44.41% |
Correlation
The correlation between BTFX and BITU is 0.99, 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
BTFX vs. BITU - 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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BTFX vs. BITU - Expense Ratio Comparison
BTFX has a 1.85% expense ratio, which is higher than BITU's 0.95% expense ratio.
Risk-Adjusted Performance
BTFX vs. BITU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) and Proshares Ultra Bitcoin ETF (BITU). 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
BTFX vs. BITU - Dividend Comparison
BTFX has not paid dividends to shareholders, while BITU's dividend yield for the trailing twelve months is around 0.24%.
| TTM | |
|---|---|
BTFX Valkyrie Bitcoin Futures Leveraged Strategy ETF | 0.00% |
BITU Proshares Ultra Bitcoin ETF | 0.24% |
Drawdowns
BTFX vs. BITU - Drawdown Comparison
The maximum BTFX drawdown since its inception was -62.26%, which is greater than BITU's maximum drawdown of -55.23%. Use the drawdown chart below to compare losses from any high point for BTFX and BITU. For additional features, visit the drawdowns tool.
Volatility
BTFX vs. BITU - Volatility Comparison
Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) and Proshares Ultra Bitcoin ETF (BITU) have volatilities of 28.40% and 28.33%, 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.