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.
Key characteristics
| EETH | BITX | |
|---|---|---|
| YTD Return | 28.91% | 164.57% |
| 1Y Return | 47.56% | 246.27% |
| Sharpe Ratio | 0.60 | 1.85 |
| Sortino Ratio | 1.25 | 2.53 |
| Omega Ratio | 1.15 | 1.29 |
| Calmar Ratio | 0.83 | 3.49 |
| Martin Ratio | 1.60 | 6.58 |
| Ulcer Index | 24.54% | 32.51% |
| Daily Std Dev | 66.01% | 115.50% |
| Max Drawdown | -47.15% | -61.28% |
| Current Drawdown | -25.02% | 0.00% |
Correlation
The correlation between EETH and BITX 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. BITX - Performance Comparison
In the year-to-date period, EETH achieves a 28.91% return, which is significantly lower than BITX's 164.57% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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.
Dividends
EETH vs. BITX - Dividend Comparison
EETH's dividend yield for the trailing twelve months is around 11.17%, more than BITX's 8.22% yield.
| TTM | 2023 | |
|---|---|---|
EETH ProShares Ether Strategy ETF | 11.17% | 0.53% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 8.22% | 0.00% |
Drawdowns
EETH vs. BITX - Drawdown Comparison
The maximum EETH drawdown since its inception was -47.15%, smaller than the maximum BITX 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.
Volatility
EETH vs. BITX - Volatility Comparison
The current volatility for ProShares Ether Strategy ETF (EETH) is 22.44%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 34.86%. This indicates that EETH experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.