CORZZ vs. BITO
Compare and contrast key facts about Core Scientific Inc. Tranche 2 Warrants (CORZZ) 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: CORZZ or BITO.
Key characteristics
| CORZZ | BITO | |
|---|---|---|
| Daily Std Dev | 121.94% | 58.19% |
| Max Drawdown | -59.61% | -77.86% |
| Current Drawdown | -3.08% | 0.00% |
Correlation
The correlation between CORZZ and BITO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CORZZ vs. BITO - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CORZZ vs. BITO - Risk-Adjusted Performance 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.
Not enough dataDividends
CORZZ vs. BITO - Dividend Comparison
CORZZ has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 50.41%.
| TTM | 2023 | |
|---|---|---|
CORZZ Core Scientific Inc. Tranche 2 Warrants | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 50.41% | 15.14% |
Drawdowns
CORZZ vs. BITO - Drawdown Comparison
The maximum CORZZ drawdown since its inception was -59.61%, 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. For additional features, visit the drawdowns tool.
Volatility
CORZZ vs. BITO - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 21.85% compared to ProShares Bitcoin Strategy ETF (BITO) at 17.98%. 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.