COIA vs. BITU

Last updated Jun 24, 2026

COIA (ProShares Ultra COIN) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - COIA is a Leveraged Equities fund tracking the Coinbase Global, Inc., while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. COIA charges 1.06%/yr vs 0.95%/yr for BITU.

Performance

COIA vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra COIN (COIA) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COIA achieves a -66.12% return, which is significantly lower than BITU's -58.07% return.

COIA

• 1D: -8.21%
• 1M: -30.46%
• YTD: -66.12%
• 6M: -70.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITU

• 1D: -6.41%
• 1M: -34.27%
• YTD: -58.07%
• 6M: -58.34%
• 1Y: -74.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

COIA vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025
COIA ProShares Ultra COIN	-66.12%	-58.83%
BITU Proshares Ultra Bitcoin ETF	-58.07%	-44.30%

Correlation

The correlation between COIA and BITU is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.80

Return for Risk

COIA vs. BITU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COIA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 2
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COIA vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	COIA	BITU	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.84	—
Sortino ratio: Return per unit of downside risk	—	-1.46	—
Omega ratio: Gain probability vs. loss probability	—	0.84	—
Calmar ratio: Return relative to maximum drawdown	—	-0.90	—
Martin ratio: Return relative to average drawdown	—	-1.40	—

Drawdowns

COIA vs. BITU - Drawdown Comparison

The maximum COIA drawdown since its inception was -90.45%, which is greater than BITU's maximum drawdown of -82.21%. Use the drawdown chart below to compare losses from any high point for COIA and BITU.

Drawdown Indicators

	COIA	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-90.45%	-82.21%	-8.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-82.21%	—
Current Drawdown Current decline from peak	-89.97%	-81.25%	-8.72%
Average Drawdown Average peak-to-trough decline	-63.40%	-35.50%	-27.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.05%	—

Volatility

Volatility by Period

	COIA	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	69.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	139.95%	88.13%	+51.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.95%	97.37%	+42.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.95%	97.37%	+42.58%

COIA vs. BITU - Expense Ratio Comparison

COIA has a 1.06% expense ratio, which is higher than BITU's 0.95% expense ratio.

Dividends

COIA vs. BITU - Dividend Comparison

COIA's dividend yield for the trailing twelve months is around 5.27%, less than BITU's 93.59% yield.

Position	TTM	2025	2024
BITU Proshares Ultra Bitcoin ETF	93.59%	50.23%	0.12%
COIA ProShares Ultra COIN	5.27%	1.10%	0.00%

Frequently Asked Questions

Can I hold both COIA and BITU in my portfolio?

COIA and BITU have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COIA or BITU?

On fees, BITU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COIA or BITU?

BITU is cheaper with a 0.95% expense ratio, compared with 1.06% for COIA.

Which ETF pays a higher dividend yield, COIA or BITU?

BITU has the higher dividend yield at 93.59%, compared with 5.27% for COIA.

What is the main difference between COIA and BITU?

COIA is categorized as Leveraged Equities, while BITU is Cryptocurrency. COIA tracks Coinbase Global, Inc., while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 1.06% for COIA and 0.95% for BITU.