CSM vs. BITU
Compare and contrast key facts about Proshares Large Cap Core Plus (CSM) and Proshares Ultra Bitcoin ETF (BITU).
CSM and BITU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSM is a passively managed fund by ProShares that tracks the performance of the Credit Suisse 130/30 Large-Cap Index. It was launched on Jul 13, 2009. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. Both CSM and BITU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CSM vs. BITU - Performance Comparison
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CSM vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSM Proshares Large Cap Core Plus | -5.83% | 21.84% | 11.35% |
BITU Proshares Ultra Bitcoin ETF | -47.12% | -37.07% | 37.90% |
Returns By Period
In the year-to-date period, CSM achieves a -5.83% return, which is significantly higher than BITU's -47.12% return.
CSM
- 1D
- 2.46%
- 1M
- -4.91%
- YTD
- -5.83%
- 6M
- -1.69%
- 1Y
- 18.78%
- 3Y*
- 17.57%
- 5Y*
- 11.42%
- 10Y*
- 12.84%
BITU
- 1D
- 3.93%
- 1M
- 3.59%
- YTD
- -47.12%
- 6M
- -71.69%
- 1Y
- -52.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CSM vs. BITU - Expense Ratio Comparison
CSM has a 0.45% expense ratio, which is lower than BITU's 0.95% expense ratio.
Return for Risk
CSM vs. BITU — Risk / Return Rank
CSM
BITU
CSM vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Large Cap Core Plus (CSM) 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.
| CSM | BITU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | -0.58 | +1.58 |
Sortino ratioReturn per unit of downside risk | 1.53 | -0.51 | +2.04 |
Omega ratioGain probability vs. loss probability | 1.23 | 0.94 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | -0.70 | +2.18 |
Martin ratioReturn relative to average drawdown | 6.81 | -1.35 | +8.16 |
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
| CSM | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | -0.58 | +1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | -0.33 | +1.14 |
Correlation
The correlation between CSM and BITU 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.
Dividends
CSM vs. BITU - Dividend Comparison
CSM's dividend yield for the trailing twelve months is around 1.16%, less than BITU's 78.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSM Proshares Large Cap Core Plus | 1.16% | 1.04% | 1.06% | 1.17% | 1.37% | 0.78% | 1.21% | 1.41% | 1.54% | 1.28% | 1.49% | 1.67% |
BITU Proshares Ultra Bitcoin ETF | 78.57% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSM vs. BITU - Drawdown Comparison
The maximum CSM drawdown since its inception was -36.11%, smaller than the maximum BITU drawdown of -77.76%. Use the drawdown chart below to compare losses from any high point for CSM and BITU.
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Drawdown Indicators
| CSM | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.11% | -77.76% | +41.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -77.76% | +64.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | — | — |
Current DrawdownCurrent decline from peak | -7.17% | -76.35% | +69.18% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -31.27% | +27.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 40.22% | -37.40% |
Volatility
CSM vs. BITU - Volatility Comparison
The current volatility for Proshares Large Cap Core Plus (CSM) is 4.79%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 26.13%. This indicates that CSM experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSM | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 26.13% | -21.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 74.10% | -64.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 90.36% | -71.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 99.67% | -82.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 99.67% | -81.30% |