CORA.L vs. BITO
CORA.L (Cora Gold Limited) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, CORA.L returned 38.19%/yr vs 23.64%/yr for BITO. At a 0.02 correlation, their price movements are largely independent.
Performance
CORA.L vs. BITO - Performance Comparison
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Different Trading Currencies
CORA.L is traded in GBp, while BITO is traded in USD. To make them comparable, the BITO values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CORA.L achieves a 40.74% return, which is significantly higher than BITO's -28.15% return.
CORA.L
- 1D
- 0.00%
- 1M
- -5.00%
- YTD
- 40.74%
- 6M
- 52.00%
- 1Y
- 22.58%
- 3Y*
- 38.19%
- 5Y*
- 3.11%
- 10Y*
- —
BITO
- 1D
- -2.81%
- 1M
- -21.81%
- YTD
- -28.15%
- 6M
- -32.93%
- 1Y
- -41.42%
- 3Y*
- 23.64%
- 5Y*
- —
- 10Y*
- —
CORA.L vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CORA.L Cora Gold Limited | 40.74% | 175.51% | 8.89% | -46.75% | -55.05% | -32.37% |
BITO ProShares Bitcoin Strategy ETF | -28.15% | -17.52% | 108.02% | 125.47% | -59.62% | -29.79% |
Correlation
The correlation between CORA.L and BITO is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021 | 0.02 |
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Return for Risk
CORA.L vs. BITO — Risk / Return Rank
CORA.L
BITO
CORA.L vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cora Gold Limited (CORA.L) 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.
| CORA.L | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.84 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | -0.82 | +1.28 |
| Martin ratioReturn relative to average drawdown | 0.99 | -1.43 | +2.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CORA.L | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | -0.98 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.09 | +0.01 |
Drawdowns
CORA.L vs. BITO - Drawdown Comparison
The maximum CORA.L drawdown since its inception was -92.37%, which is greater than BITO's maximum drawdown of -74.61%. Use the drawdown chart below to compare losses from any high point for CORA.L and BITO.
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Drawdown Indicators
| CORA.L | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.37% | -74.61% | -17.76% |
Max Drawdown (1Y)Largest decline over 1 year | -49.50% | -50.42% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -60.81% | -50.42% | -10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -92.37% | — | — |
Current DrawdownCurrent decline from peak | -50.00% | -50.42% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -60.30% | -35.07% | -25.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.72% | 29.05% | -6.33% |
Volatility
CORA.L vs. BITO - Volatility Comparison
The current volatility for Cora Gold Limited (CORA.L) is 5.51%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 9.43%. This indicates that CORA.L experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORA.L | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 9.43% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 60.50% | 32.71% | +27.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.92% | 42.58% | +41.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.61% | 53.88% | +11.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.07% | 53.88% | +13.19% |
Dividends
CORA.L vs. BITO - Dividend Comparison
CORA.L has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 69.59%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 69.59% | 78.29% | 61.59% | 15.14% |
CORA.L Cora Gold Limited | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CORA.L and BITO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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