DINE vs. BPRO

Last updated Jul 28, 2026

DINE (Simplify Tax Aware Diversified Income Strategy ETF) and BPRO (Bitwise Proficio Currency Debasement ETF) are both exchange-traded funds - DINE is a Multistrategy fund actively managed by Simplify, while BPRO is a Gold fund actively managed by Bitwise. Both are actively managed. Their 0.35 correlation means their historical movements had little consistent relationship. DINE charges 0.15%/yr vs 0.96%/yr for BPRO.

Performance

DINE vs. BPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Tax Aware Diversified Income Strategy ETF (DINE) and Bitwise Proficio Currency Debasement ETF (BPRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DINE

• 1D: 0.25%
• 1M: -1.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BPRO

• 1D: 0.55%
• 1M: 0.39%
• 6M: -33.44%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BPRO Bitwise Proficio Currency Debasement ETF	$107.59K	$278.36K	$242.44K
DINE Simplify Tax Aware Diversified Income Strategy ETF	$54.34K	$29.81K	$12.03K

DINE vs. BPRO - Yearly Performance Comparison

	2026 (YTD)
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.27%
BPRO Bitwise Proficio Currency Debasement ETF	-12.46%

Correlation

The correlation between DINE and BPRO is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.35

Return for Risk

DINE vs. BPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Tax Aware Diversified Income Strategy ETF (DINE) and Bitwise Proficio Currency Debasement ETF (BPRO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DINE vs. BPRO - Drawdown Comparison

The maximum DINE drawdown since its inception was -1.73%, smaller than the maximum BPRO drawdown of -36.57%. Use the drawdown chart below to compare losses from any high point for DINE and BPRO.

Drawdown Indicators

	DINE	BPRO	Difference
Max Drawdown Largest peak-to-trough decline	-1.73%	-36.57%	+34.84%
Current Drawdown Current decline from peak	-1.48%	-33.44%	+31.96%
Average Drawdown Average peak-to-trough decline	-0.39%	-22.51%	+22.12%

Volatility

Volatility by Period

	DINE	BPRO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.22%	43.10%	-38.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.22%	43.10%	-38.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.22%	43.10%	-38.88%

DINE vs. BPRO - Expense Ratio Comparison

DINE has a 0.15% expense ratio, which is lower than BPRO's 0.96% expense ratio.

Dividends

DINE vs. BPRO - Dividend Comparison

DINE's dividend yield for the trailing twelve months is around 0.20%, while BPRO has not paid dividends to shareholders.

Position	TTM
BPRO Bitwise Proficio Currency Debasement ETF	0.00%
DINE Simplify Tax Aware Diversified Income Strategy ETF	0.20%

Frequently Asked Questions

Can I hold both DINE and BPRO in my portfolio?

DINE and BPRO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DINE or BPRO?

On fees, DINE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DINE or BPRO?

DINE is cheaper with a 0.15% expense ratio, compared with 0.96% for BPRO.

Which ETF pays a higher dividend yield, DINE or BPRO?

DINE has the higher dividend yield at 0.20%, compared with 0.00% for BPRO.

What is the main difference between DINE and BPRO?

DINE is categorized as Multistrategy, while BPRO is Gold. They also come from different issuers: Simplify and Bitwise. Their fees differ too: 0.15% for DINE and 0.96% for BPRO.