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 128.07% vs -45.57% for BITO. At a 0.43 correlation, their price movements are largely independent.
Performance
CORZZ vs. BITO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CORZZ achieves a 89.96% return, which is significantly higher than BITO's -32.58% return.
CORZZ
- 1D
- -4.69%
- 1M
- 9.39%
- YTD
- 89.96%
- 6M
- 78.65%
- 1Y
- 128.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -3.78%
- 1M
- -21.14%
- YTD
- -32.58%
- 6M
- -32.41%
- 1Y
- -45.57%
- 3Y*
- 16.49%
- 5Y*
- —
- 10Y*
- —
CORZZ vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORZZ Core Scientific Inc. Tranche 2 Warrants | 89.96% | 3.71% | 601.00% |
BITO ProShares Bitcoin Strategy ETF | -32.58% | -11.19% | 121.41% |
Correlation
The correlation between CORZZ and BITO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024 | 0.43 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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.
| CORZZ | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.79 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.83 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | -0.85 | +4.04 |
| Martin ratioReturn relative to average drawdown | 6.05 | -1.45 | +7.50 |
Loading charts...
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.
Loading charts...
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% | -53.50% | +13.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.50% | — |
Current DrawdownCurrent decline from peak | -5.09% | -53.50% | +48.41% |
Average DrawdownAverage peak-to-trough decline | -21.23% | -36.87% | +15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.25% | 31.47% | -10.22% |
Volatility
CORZZ vs. BITO - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 17.53% compared to ProShares Bitcoin Strategy ETF (BITO) at 13.03%. 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.
Loading charts...
Volatility by Period
| CORZZ | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.53% | 13.03% | +4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 46.32% | 34.32% | +12.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.59% | 44.22% | +29.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.36% | 55.03% | +42.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.36% | 55.03% | +42.33% |
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 73.86%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 73.86% | 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 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CORZZ has higher volatility (17.53%) compared to BITO (13.03%). In terms of maximum drawdown, CORZZ dropped -65.20% vs BITO's -77.86%.
CORZZ currently has the higher Sharpe Ratio (1.76 vs -1.04), 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.
Find the right allocation for CORZZ and BITO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer