BTG-USD vs. BITO
Compare and contrast key facts about Bitcoin Gold (BTG-USD) 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: BTG-USD or BITO.
Correlation
The correlation between BTG-USD 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.
Performance
BTG-USD vs. BITO - Performance Comparison
Key characteristics
BTG-USD:
-0.42
BITO:
2.23
BTG-USD:
-0.54
BITO:
2.78
BTG-USD:
0.94
BITO:
1.33
BTG-USD:
0.01
BITO:
2.72
BTG-USD:
-2.02
BITO:
9.56
BTG-USD:
40.40%
BITO:
13.42%
BTG-USD:
141.67%
BITO:
57.47%
BTG-USD:
-98.91%
BITO:
-77.86%
BTG-USD:
-97.69%
BITO:
-2.66%
Returns By Period
The year-to-date returns for both stocks are quite close, with BTG-USD having a 12.13% return and BITO slightly lower at 11.90%.
BTG-USD
12.13%
-40.96%
-59.23%
-56.22%
-0.57%
N/A
BITO
11.90%
7.98%
48.75%
135.05%
N/A
N/A
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Risk-Adjusted Performance
BTG-USD vs. BITO — Risk-Adjusted Performance Rank
BTG-USD
BITO
BTG-USD vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin Gold (BTG-USD) 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.
Drawdowns
BTG-USD vs. BITO - Drawdown Comparison
The maximum BTG-USD drawdown since its inception was -98.91%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTG-USD and BITO. For additional features, visit the drawdowns tool.
Volatility
BTG-USD vs. BITO - Volatility Comparison
Bitcoin Gold (BTG-USD) has a higher volatility of 105.84% compared to ProShares Bitcoin Strategy ETF (BITO) at 14.02%. This indicates that BTG-USD'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.