DOCS vs. BITO
Compare and contrast key facts about Doximity, Inc. (DOCS) and ProShares Bitcoin Strategy ETF (BITO).
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: DOCS or BITO.
Key characteristics
| DOCS | BITO | |
|---|---|---|
| YTD Return | 85.59% | 95.84% |
| 1Y Return | 104.88% | 114.14% |
| 3Y Return (Ann) | -9.76% | 5.85% |
| Sharpe Ratio | 1.64 | 2.23 |
| Sortino Ratio | 3.68 | 2.80 |
| Omega Ratio | 1.46 | 1.33 |
| Calmar Ratio | 1.35 | 2.58 |
| Martin Ratio | 9.42 | 9.58 |
| Ulcer Index | 11.14% | 13.50% |
| Daily Std Dev | 63.81% | 58.03% |
| Max Drawdown | -80.53% | -77.86% |
| Current Drawdown | -48.99% | -2.52% |
Correlation
The correlation between DOCS and BITO is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DOCS vs. BITO - Performance Comparison
In the year-to-date period, DOCS achieves a 85.59% return, which is significantly lower than BITO's 95.84% 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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Risk-Adjusted Performance
DOCS vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Doximity, Inc. (DOCS) 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
DOCS vs. BITO - Dividend Comparison
DOCS has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 51.71%.
| TTM | 2023 | |
|---|---|---|
DOCS Doximity, Inc. | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 51.71% | 15.14% |
Drawdowns
DOCS vs. BITO - Drawdown Comparison
The maximum DOCS drawdown since its inception was -80.53%, roughly equal to the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for DOCS and BITO. For additional features, visit the drawdowns tool.
Volatility
DOCS vs. BITO - Volatility Comparison
Doximity, Inc. (DOCS) has a higher volatility of 33.04% compared to ProShares Bitcoin Strategy ETF (BITO) at 18.46%. This indicates that DOCS's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.