BTOP vs. BITO
Compare and contrast key facts about Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and ProShares Bitcoin Strategy ETF (BITO).
BTOP and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTOP is an actively managed fund by Bitwise. It was launched on Sep 29, 2023. 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: BTOP or BITO.
Correlation
The correlation between BTOP and BITO is 0.30, 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.
Performance
BTOP vs. BITO - Performance Comparison
Key characteristics
BTOP:
-0.47
BITO:
1.02
BTOP:
-0.26
BITO:
1.63
BTOP:
0.95
BITO:
1.19
BTOP:
-0.48
BITO:
1.72
BTOP:
-0.83
BITO:
3.87
BTOP:
37.28%
BITO:
13.89%
BTOP:
64.92%
BITO:
54.51%
BTOP:
-64.20%
BITO:
-77.86%
BTOP:
-52.36%
BITO:
-5.86%
Returns By Period
In the year-to-date period, BTOP achieves a -10.13% return, which is significantly lower than BITO's 8.21% return.
BTOP
-10.13%
30.81%
-34.99%
-30.18%
N/A
N/A
BITO
8.21%
24.79%
29.64%
55.20%
N/A
N/A
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BTOP vs. BITO - Expense Ratio Comparison
BTOP has a 0.90% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
BTOP vs. BITO — Risk-Adjusted Performance Rank
BTOP
BITO
BTOP vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) 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
BTOP vs. BITO - Dividend Comparison
BTOP's dividend yield for the trailing twelve months is around 66.14%, more than BITO's 58.21% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 66.14% | 59.44% | 5.82% |
BITO ProShares Bitcoin Strategy ETF | 58.21% | 61.58% | 15.14% |
Drawdowns
BTOP vs. BITO - Drawdown Comparison
The maximum BTOP drawdown since its inception was -64.20%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTOP and BITO. For additional features, visit the drawdowns tool.
Volatility
BTOP vs. BITO - Volatility Comparison
Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) has a higher volatility of 14.13% compared to ProShares Bitcoin Strategy ETF (BITO) at 10.70%. This indicates that BTOP'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.