EETH vs. BITX
Compare and contrast key facts about ProShares Ether Strategy ETF (EETH) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
EETH and BITX 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. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EETH or BITX.
Correlation
The correlation between EETH and BITX 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
EETH vs. BITX - Performance Comparison
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Key characteristics
EETH:
-0.21
BITX:
0.63
EETH:
0.18
BITX:
1.60
EETH:
1.02
BITX:
1.19
EETH:
-0.26
BITX:
1.18
EETH:
-0.51
BITX:
2.34
EETH:
34.37%
BITX:
30.78%
EETH:
75.26%
BITX:
108.52%
EETH:
-66.84%
BITX:
-61.28%
EETH:
-39.30%
BITX:
-23.50%
Returns By Period
In the year-to-date period, EETH achieves a -21.77% return, which is significantly lower than BITX's 4.29% return.
EETH
-21.77%
71.14%
-22.15%
-15.56%
N/A
N/A
BITX
4.29%
44.36%
3.83%
67.45%
N/A
N/A
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EETH vs. BITX - Expense Ratio Comparison
EETH has a 0.95% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
EETH vs. BITX — Risk-Adjusted Performance Rank
EETH
BITX
EETH vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
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Dividends
EETH vs. BITX - Dividend Comparison
EETH's dividend yield for the trailing twelve months is around 10.94%, less than BITX's 12.89% yield.
TTM | 2024 | 2023 | |
---|---|---|---|
EETH ProShares Ether Strategy ETF | 10.94% | 10.82% | 0.53% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 12.89% | 10.71% | 0.00% |
Drawdowns
EETH vs. BITX - Drawdown Comparison
The maximum EETH drawdown since its inception was -66.84%, which is greater than BITX's maximum drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for EETH and BITX. For additional features, visit the drawdowns tool.
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Volatility
EETH vs. BITX - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 22.52% compared to Volatility Shares 2x Bitcoin Strategy ETF (BITX) at 18.69%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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