CTA vs. BITO
Compare and contrast key facts about Simplify Managed Futures Strategy ETF (CTA) and ProShares Bitcoin Strategy ETF (BITO).
CTA and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTA is an actively managed fund by Simplify. It was launched on Mar 7, 2022. 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: CTA or BITO.
Key characteristics
| CTA | BITO | |
|---|---|---|
| YTD Return | 14.06% | 95.26% |
| 1Y Return | 6.65% | 115.20% |
| Sharpe Ratio | 0.47 | 2.06 |
| Sortino Ratio | 0.75 | 2.67 |
| Omega Ratio | 1.09 | 1.31 |
| Calmar Ratio | 0.57 | 2.34 |
| Martin Ratio | 1.36 | 8.87 |
| Ulcer Index | 4.70% | 13.51% |
| Daily Std Dev | 13.70% | 58.25% |
| Max Drawdown | -18.07% | -77.86% |
| Current Drawdown | -5.22% | 0.00% |
Correlation
The correlation between CTA and BITO is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CTA vs. BITO - Performance Comparison
In the year-to-date period, CTA achieves a 14.06% return, which is significantly lower than BITO's 95.26% return. 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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CTA vs. BITO - Expense Ratio Comparison
CTA has a 0.78% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
CTA vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Managed Futures Strategy ETF (CTA) 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.
Dividends
CTA vs. BITO - Dividend Comparison
CTA's dividend yield for the trailing twelve months is around 8.50%, less than BITO's 51.87% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CTA Simplify Managed Futures Strategy ETF | 8.50% | 7.78% | 6.58% |
BITO ProShares Bitcoin Strategy ETF | 51.87% | 15.14% | 0.00% |
Drawdowns
CTA vs. BITO - Drawdown Comparison
The maximum CTA drawdown since its inception was -18.07%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for CTA and BITO. For additional features, visit the drawdowns tool.
Volatility
CTA vs. BITO - Volatility Comparison
The current volatility for Simplify Managed Futures Strategy ETF (CTA) is 3.84%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.16%. This indicates that CTA experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.