EETH vs. BITO
Compare and contrast key facts about ProShares Ether Strategy ETF (EETH) and ProShares Bitcoin Strategy ETF (BITO).
EETH and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EETH is an actively managed fund by ProShares. It was launched on Oct 2, 2023. 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: EETH or BITO.
Key characteristics
| EETH | BITO | |
|---|---|---|
| YTD Return | 28.91% | 100.91% |
| 1Y Return | 47.56% | 135.28% |
| Sharpe Ratio | 0.60 | 2.15 |
| Sortino Ratio | 1.25 | 2.74 |
| Omega Ratio | 1.15 | 1.32 |
| Calmar Ratio | 0.83 | 2.44 |
| Martin Ratio | 1.60 | 9.27 |
| Ulcer Index | 24.54% | 13.50% |
| Daily Std Dev | 66.01% | 58.15% |
| Max Drawdown | -47.15% | -77.86% |
| Current Drawdown | -25.02% | 0.00% |
Correlation
The correlation between EETH and BITO is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EETH vs. BITO - Performance Comparison
In the year-to-date period, EETH achieves a 28.91% return, which is significantly lower than BITO's 100.91% 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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EETH vs. BITO - Expense Ratio Comparison
Both EETH and BITO have an expense ratio of 0.95%.
Risk-Adjusted Performance
EETH vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) 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
EETH vs. BITO - Dividend Comparison
EETH's dividend yield for the trailing twelve months is around 11.17%, less than BITO's 50.41% yield.
| TTM | 2023 | |
|---|---|---|
EETH ProShares Ether Strategy ETF | 11.17% | 0.53% |
BITO ProShares Bitcoin Strategy ETF | 50.41% | 15.14% |
Drawdowns
EETH vs. BITO - Drawdown Comparison
The maximum EETH drawdown since its inception was -47.15%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for EETH and BITO. For additional features, visit the drawdowns tool.
Volatility
EETH vs. BITO - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 22.44% compared to ProShares Bitcoin Strategy ETF (BITO) at 18.04%. This indicates that EETH'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.