EET vs. BITO
Compare and contrast key facts about ProShares Ultra MSCI Emerging Markets (EET) and ProShares Bitcoin Strategy ETF (BITO).
EET and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EET is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (200%). It was launched on Jun 2, 2009. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
EET vs. BITO - Performance Comparison
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EET vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EET ProShares Ultra MSCI Emerging Markets | 5.67% | 63.14% | 2.88% | 7.06% | -43.07% | -11.46% |
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, EET achieves a 5.67% return, which is significantly higher than BITO's -22.79% return.
EET
- 1D
- 1.30%
- 1M
- -14.98%
- YTD
- 5.67%
- 6M
- 10.13%
- 1Y
- 60.53%
- 3Y*
- 21.80%
- 5Y*
- -2.13%
- 10Y*
- 6.62%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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EET vs. BITO - Expense Ratio Comparison
Both EET and BITO have an expense ratio of 0.95%.
Return for Risk
EET vs. BITO — Risk / Return Rank
EET
BITO
EET vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Emerging Markets (EET) 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.
| EET | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | -0.52 | +2.03 |
Sortino ratioReturn per unit of downside risk | 2.02 | -0.50 | +2.52 |
Omega ratioGain probability vs. loss probability | 1.29 | 0.94 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | -0.42 | +2.75 |
Martin ratioReturn relative to average drawdown | 8.54 | -0.89 | +9.43 |
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
| EET | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | -0.52 | +2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.08 | +0.14 |
Correlation
The correlation between EET and BITO is 0.38, 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.
Dividends
EET vs. BITO - Dividend Comparison
EET's dividend yield for the trailing twelve months is around 1.79%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EET ProShares Ultra MSCI Emerging Markets | 1.79% | 1.82% | 3.85% | 2.14% | 0.00% | 0.00% | 0.01% | 1.40% | 0.16% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EET vs. BITO - Drawdown Comparison
The maximum EET drawdown since its inception was -71.66%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for EET and BITO.
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Drawdown Indicators
| EET | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.66% | -77.86% | +6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -26.38% | -50.05% | +23.67% |
Max Drawdown (5Y)Largest decline over 5 years | -64.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.07% | — | — |
Current DrawdownCurrent decline from peak | -23.02% | -46.75% | +23.73% |
Average DrawdownAverage peak-to-trough decline | -37.57% | -36.57% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.19% | 23.73% | -16.54% |
Volatility
EET vs. BITO - Volatility Comparison
ProShares Ultra MSCI Emerging Markets (EET) has a higher volatility of 19.08% compared to ProShares Bitcoin Strategy ETF (BITO) at 12.84%. This indicates that EET'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.
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Volatility by Period
| EET | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.08% | 12.84% | +6.24% |
Volatility (6M)Calculated over the trailing 6-month period | 30.39% | 36.71% | -6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.29% | 45.32% | -5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.90% | 55.77% | -18.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.26% | 55.77% | -15.51% |