CCTG vs. BITO
Compare and contrast key facts about CCSC Technology International Holdings Limited Ordinary Shares (CCTG) 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: CCTG or BITO.
Correlation
The correlation between CCTG and BITO is 0.15, 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
CCTG vs. BITO - Performance Comparison
Key characteristics
CCTG:
-0.37
BITO:
1.46
CCTG:
0.11
BITO:
2.15
CCTG:
1.01
BITO:
1.25
CCTG:
-0.46
BITO:
2.62
CCTG:
-0.86
BITO:
6.09
CCTG:
50.15%
BITO:
13.58%
CCTG:
114.00%
BITO:
56.66%
CCTG:
-93.82%
BITO:
-77.86%
CCTG:
-91.36%
BITO:
-10.19%
Returns By Period
In the year-to-date period, CCTG achieves a 18.06% return, which is significantly higher than BITO's 3.23% return.
CCTG
18.06%
7.65%
15.09%
-51.59%
N/A
N/A
BITO
3.23%
-2.91%
57.74%
74.31%
N/A
N/A
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Risk-Adjusted Performance
CCTG vs. BITO — Risk-Adjusted Performance Rank
CCTG
BITO
CCTG vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CCSC Technology International Holdings Limited Ordinary Shares (CCTG) 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
CCTG vs. BITO - Dividend Comparison
CCTG has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 64.59%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CCTG CCSC Technology International Holdings Limited Ordinary Shares | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 64.59% | 61.58% | 15.14% |
Drawdowns
CCTG vs. BITO - Drawdown Comparison
The maximum CCTG drawdown since its inception was -93.82%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for CCTG and BITO. For additional features, visit the drawdowns tool.
Volatility
CCTG vs. BITO - Volatility Comparison
CCSC Technology International Holdings Limited Ordinary Shares (CCTG) has a higher volatility of 19.31% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.53%. This indicates that CCTG'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.