PortfoliosLab logoPortfoliosLab logo
CORZZ vs. BITO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

CORZZ vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Core Scientific Inc. Tranche 2 Warrants (CORZZ) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CORZZ achieves a 43.67% return, which is significantly higher than BITO's -27.77% return.


CORZZ

1D
-7.89%
1M
-25.71%
6M
14.72%
YTD
43.67%
1Y
50.61%
3Y*
5Y*
10Y*

BITO

1D
-0.91%
1M
-2.11%
6M
-33.51%
YTD
-27.77%
1Y
-48.16%
3Y*
21.06%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

CORZZ vs. BITO - Yearly Performance Comparison


2026 (YTD)20252024
CORZZ
Core Scientific Inc. Tranche 2 Warrants
43.67%3.71%601.00%
BITO
ProShares Bitcoin Strategy ETF
-27.77%-11.19%121.41%

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 24, 2024

0.42

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

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

CORZZ
CORZZ Risk / Return Rank: 6868
Overall Rank
CORZZ Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
CORZZ Sortino Ratio Rank: 6868
Sortino Ratio Rank
CORZZ Omega Ratio Rank: 6565
Omega Ratio Rank
CORZZ Calmar Ratio Rank: 7070
Calmar Ratio Rank
CORZZ Martin Ratio Rank: 6868
Martin Ratio Rank

BITO
BITO Risk / Return Rank: 11
Overall Rank
BITO Sharpe Ratio Rank: 11
Sharpe Ratio Rank
BITO Sortino Ratio Rank: 11
Sortino Ratio Rank
BITO Omega Ratio Rank: 11
Omega Ratio Rank
BITO Calmar Ratio Rank: 11
Calmar Ratio Rank
BITO Martin Ratio Rank: 11
Martin Ratio Rank
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.

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.


CORZZBITODifference
Sharpe ratioReturn per unit of total volatility

+1.89

Sortino ratioReturn per unit of downside risk

+3.12

Omega ratioGain probability vs. loss probability

1.17

0.81

+0.36

Calmar ratioReturn relative to maximum drawdown

1.26

-0.89

+2.15

Martin ratioReturn relative to average drawdown

2.62

-1.42

+4.04

CORZZ vs. BITO - Sharpe Ratio Comparison

The current CORZZ Sharpe Ratio is 0.79, which is higher than the BITO Sharpe Ratio of -1.10. The chart below compares the historical Sharpe Ratios of CORZZ and BITO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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


CORZZBITODifference

Max Drawdown

Largest peak-to-trough decline

-65.20%

-77.86%

+12.66%

Max Drawdown (1Y)

Largest decline over 1 year

-40.39%

-54.47%

+14.08%

Max Drawdown (3Y)

Largest decline over 3 years

-54.47%

Current Drawdown

Current decline from peak

-28.21%

-50.18%

+21.97%

Average Drawdown

Average peak-to-trough decline

-21.17%

-37.06%

+15.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.38%

33.91%

-14.53%

Volatility

CORZZ vs. BITO - Volatility Comparison

Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 19.03% compared to ProShares Bitcoin Strategy ETF (BITO) at 10.49%. 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


CORZZBITODifference

Volatility (1M)

Calculated over the trailing 1-month period

19.03%

10.49%

+8.54%

Volatility (6M)

Calculated over the trailing 6-month period

48.79%

34.48%

+14.31%

Volatility (1Y)

Calculated over the trailing 1-year period

64.15%

44.10%

+20.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

96.98%

54.80%

+42.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

96.98%

54.80%

+42.18%

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 60.24%.


PositionTTM202520242023
BITO
ProShares Bitcoin Strategy ETF
60.24%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 (19.03%) compared to BITO (10.49%). In terms of maximum drawdown, CORZZ dropped -65.20% vs BITO's -77.86%.

CORZZ currently has the higher Sharpe Ratio (0.79 vs -1.10), 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.

Portfolio Optimizer

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