CORZZ vs. BITO
CORZZ (Core Scientific Inc. Tranche 2 Warrants) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past year, CORZZ returned 123.46% vs -41.98% for BITO. At a 0.42 correlation, their price movements are largely independent.
Performance
CORZZ vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, CORZZ achieves a 92.57% return, which is significantly higher than BITO's -28.44% return.
CORZZ
- 1D
- -3.78%
- 1M
- 25.06%
- YTD
- 92.57%
- 6M
- 63.93%
- 1Y
- 123.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.81%
- 1M
- -22.52%
- YTD
- -28.44%
- 6M
- -32.46%
- 1Y
- -41.98%
- 3Y*
- 26.82%
- 5Y*
- —
- 10Y*
- —
CORZZ vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORZZ Core Scientific Inc. Tranche 2 Warrants | 92.57% | 3.71% | 754.72% |
BITO ProShares Bitcoin Strategy ETF | -28.44% | -11.19% | 119.21% |
Correlation
The correlation between CORZZ and BITO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.42 |
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Return for Risk
CORZZ vs. BITO — Risk / Return Rank
CORZZ
BITO
CORZZ vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Scientific Inc. Tranche 2 Warrants (CORZZ) 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.
| CORZZ | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.77 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.84 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | -0.83 | +3.91 |
| Martin ratioReturn relative to average drawdown | 5.83 | -1.44 | +7.27 |
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
| CORZZ | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | -0.97 | +2.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.41 | -0.10 | +2.51 |
Drawdowns
CORZZ vs. BITO - Drawdown Comparison
The maximum CORZZ drawdown since its inception was -65.20%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for CORZZ and BITO.
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Drawdown Indicators
| CORZZ | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.20% | -77.86% | +12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -40.39% | -50.64% | +10.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.64% | — |
Current DrawdownCurrent decline from peak | -3.78% | -50.64% | +46.86% |
Average DrawdownAverage peak-to-trough decline | -21.54% | -36.75% | +15.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.25% | 29.27% | -8.02% |
Volatility
CORZZ vs. BITO - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 19.89% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.03%. This indicates that CORZZ'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.
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Volatility by Period
| CORZZ | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 9.03% | +10.86% |
Volatility (6M)Calculated over the trailing 6-month period | 47.16% | 33.71% | +13.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.25% | 43.61% | +29.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.32% | 55.10% | +42.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.32% | 55.10% | +42.22% |
Dividends
CORZZ vs. BITO - Dividend Comparison
CORZZ 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% |
CORZZ Core Scientific Inc. Tranche 2 Warrants | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CORZZ and BITO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CORZZ has higher volatility (19.89%) compared to BITO (9.03%). In terms of maximum drawdown, CORZZ dropped -65.20% vs BITO's -77.86%.
CORZZ currently has the higher Sharpe Ratio (1.70 vs -0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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