DFAU vs. BITO

Last updated Apr 2, 2026

Compare and contrast key facts about Dimensional US Core Equity Market ETF (DFAU) and ProShares Bitcoin Strategy ETF (BITO).

DFAU and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFAU is an actively managed fund by Dimensional. It was launched on Nov 17, 2020. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.

Performance

DFAU vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Core Equity Market ETF (DFAU) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

DFAU vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DFAU Dimensional US Core Equity Market ETF	-2.67%	16.78%	23.17%	24.79%	-16.99%	4.75%
BITO ProShares Bitcoin Strategy ETF	-22.79%	-11.19%	104.45%	137.33%	-63.91%	-31.09%

Returns By Period

In the year-to-date period, DFAU achieves a -2.67% return, which is significantly higher than BITO's -22.79% return.

DFAU

• 1D: 0.71%
• 1M: -4.35%
• YTD: -2.67%
• 6M: -0.51%
• 1Y: 19.02%
• 3Y*: 17.82%
• 5Y*: 11.15%
• 10Y*: —

BITO

• 1D: 0.60%
• 1M: -1.72%
• YTD: -22.79%
• 6M: -43.10%
• 1Y: -23.27%
• 3Y*: 24.87%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFAU vs. BITO - Expense Ratio Comparison

DFAU has a 0.12% expense ratio, which is lower than BITO's 0.95% expense ratio.

BITO

ProShares Bitcoin Strategy ETF

DFAU

Dimensional US Core Equity Market ETF

Return for Risk

DFAU vs. BITO — Risk / Return Rank

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

DFAU

DFAU Risk / Return Rank: 61
DFAU Sharpe Ratio Rank: 56
DFAU Sortino Ratio Rank: 59
DFAU Omega Ratio Rank: 62
DFAU Calmar Ratio Rank: 59
DFAU Martin Ratio Rank: 70

BITO

BITO Risk / Return Rank: 5
BITO Sharpe Ratio Rank: 4
BITO Sortino Ratio Rank: 4
BITO Omega Ratio Rank: 5
BITO Calmar Ratio Rank: 5
BITO Martin Ratio Rank: 5

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.

DFAU vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Core Equity Market ETF (DFAU) 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.

	DFAU	BITO	Difference
Sharpe ratio Return per unit of total volatility	1.03	-0.52	+1.55
Sortino ratio Return per unit of downside risk	1.56	-0.50	+2.06
Omega ratio Gain probability vs. loss probability	1.24	0.94	+0.29
Calmar ratio Return relative to maximum drawdown	1.56	-0.42	+1.98
Martin ratio Return relative to average drawdown	7.42	-0.89	+8.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFAU vs. BITO - Sharpe Ratio Comparison

The current DFAU Sharpe Ratio is 1.03, which is higher than the BITO Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of DFAU and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DFAU	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	-0.52	+1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	-0.08	+0.87

Correlation

The correlation between DFAU and BITO is 0.43, 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

DFAU vs. BITO - Dividend Comparison

DFAU's dividend yield for the trailing twelve months is around 1.03%, less than BITO's 80.47% yield.

	TTM	2025	2024	2023	2022	2021	2020
DFAU Dimensional US Core Equity Market ETF	1.03%	0.95%	1.10%	1.29%	1.40%	1.00%	0.13%
BITO ProShares Bitcoin Strategy ETF	80.47%	78.29%	61.59%	15.14%	0.00%	0.00%	0.00%

Drawdowns

DFAU vs. BITO - Drawdown Comparison

The maximum DFAU drawdown since its inception was -23.61%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for DFAU and BITO.

Drawdown Indicators

	DFAU	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-23.61%	-77.86%	+54.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.45%	-50.05%	+37.60%
Max Drawdown (5Y) Largest decline over 5 years	-23.61%	—	—
Current Drawdown Current decline from peak	-5.36%	-46.75%	+41.39%
Average Drawdown Average peak-to-trough decline	-5.12%	-36.57%	+31.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	23.73%	-21.11%

Volatility

DFAU vs. BITO - Volatility Comparison

The current volatility for Dimensional US Core Equity Market ETF (DFAU) is 5.39%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.84%. This indicates that DFAU 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.

Volatility by Period

	DFAU	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	12.84%	-7.45%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	36.71%	-27.04%
Volatility (1Y) Calculated over the trailing 1-year period	18.52%	45.32%	-26.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	55.77%	-38.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	55.77%	-38.90%