CRCA vs. BITU
CRCA (ProShares Ultra CRCL) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - CRCA is a Leveraged Equities fund actively managed by ProShares, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. CRCA is actively managed, while BITU is passively managed. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
CRCA vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, CRCA achieves a -5.71% return, which is significantly higher than BITU's -52.92% return.
CRCA
- 1D
- -7.63%
- 1M
- -8.37%
- YTD
- -5.71%
- 6M
- -7.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITU
- 1D
- -5.58%
- 1M
- -34.84%
- YTD
- -52.92%
- 6M
- -59.11%
- 1Y
- -73.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCA vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCA ProShares Ultra CRCL | -5.71% | -81.81% |
BITU Proshares Ultra Bitcoin ETF | -52.92% | -51.21% |
Correlation
The correlation between CRCA and BITU is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 8, 2025 | 0.56 |
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Return for Risk
CRCA vs. BITU — Risk / Return Rank
CRCA
BITU
CRCA vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra CRCL (CRCA) and Proshares Ultra Bitcoin ETF (BITU). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CRCA | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | -0.35 | -0.10 |
Drawdowns
CRCA vs. BITU - Drawdown Comparison
The maximum CRCA drawdown since its inception was -94.02%, which is greater than BITU's maximum drawdown of -78.94%. Use the drawdown chart below to compare losses from any high point for CRCA and BITU.
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Drawdown Indicators
| CRCA | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.02% | -78.94% | -15.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -78.94% | — |
Current DrawdownCurrent decline from peak | -84.81% | -78.94% | -5.87% |
Average DrawdownAverage peak-to-trough decline | -69.17% | -34.49% | -34.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 49.84% | — |
Volatility
CRCA vs. BITU - Volatility Comparison
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Volatility by Period
| CRCA | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 69.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 195.93% | 87.00% | +108.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 195.93% | 97.45% | +98.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 195.93% | 97.45% | +98.48% |
CRCA vs. BITU - Expense Ratio Comparison
Both CRCA and BITU have an expense ratio of 0.95%.
Dividends
CRCA vs. BITU - Dividend Comparison
CRCA's dividend yield for the trailing twelve months is around 1.84%, less than BITU's 83.36% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 83.36% | 50.23% | 0.12% |
CRCA ProShares Ultra CRCL | 1.84% | 1.06% | 0.00% |
Frequently Asked Questions
CRCA and BITU have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CRCA and BITU have the same expense ratio: 0.95% per year.
BITU has the higher dividend yield at 83.36%, compared with 1.84% for CRCA.
CRCA is categorized as Leveraged Equities, while BITU is Cryptocurrency.
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