EMDV vs. BITU

Last updated Jun 4, 2026

EMDV (ProShares MSCI Emerging Markets Dividend Growers ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - EMDV is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Dividend Masters Index, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, EMDV returned 7.88% vs -73.07% for BITU. At a 0.26 correlation, their price movements are largely independent. EMDV charges 0.60%/yr vs 0.95%/yr for BITU.

Performance

EMDV vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMDV achieves a 1.17% return, which is significantly higher than BITU's -52.92% return.

EMDV

• 1D: -1.57%
• 1M: 0.78%
• YTD: 1.17%
• 6M: 1.13%
• 1Y: 7.88%
• 3Y*: 2.77%
• 5Y*: -3.15%
• 10Y*: 2.64%

BITU

• 1D: -5.58%
• 1M: -34.84%
• YTD: -52.92%
• 6M: -59.11%
• 1Y: -73.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMDV vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	1.17%	11.90%	0.27%
BITU Proshares Ultra Bitcoin ETF	-52.92%	-37.07%	37.90%

Correlation

The correlation between EMDV and BITU is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.26

EMDV vs. BITU - Sectors Allocation Comparison

Sectors	EMDV	BITU
Financial Services	24.1%	4.2%
Technology	22.5%	-
Consumer Defensive	16.4%	-
Utilities	8.3%	-
Healthcare	8.2%	-
Consumer Cyclical	6.2%	-
Communication Services	6.2%	-
Industrials	6.2%	-
Basic Materials	1.9%	-
Energy	-	-
Real Estate	-	-

Return for Risk

EMDV vs. BITU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMDV

EMDV Risk / Return Rank: 22
EMDV Sharpe Ratio Rank: 21
EMDV Sortino Ratio Rank: 20
EMDV Omega Ratio Rank: 20
EMDV Calmar Ratio Rank: 24
EMDV Martin Ratio Rank: 24

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 2
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMDV vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) and Proshares Ultra Bitcoin ETF (BITU). 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.

	EMDV	BITU	Difference
Sharpe ratio: Return per unit of total volatility	0.71	-0.84	+1.55
Sortino ratio: Return per unit of downside risk	1.07	-1.44	+2.50
Omega ratio: Gain probability vs. loss probability	1.13	0.84	+0.29
Calmar ratio: Return relative to maximum drawdown	1.09	-0.93	+2.02
Martin ratio: Return relative to average drawdown	3.33	-1.47	+4.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMDV vs. BITU - Sharpe Ratio Comparison

The current EMDV Sharpe Ratio is 0.71, which is higher than the BITU Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of EMDV and BITU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMDV	BITU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	-0.84	+1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	-0.35	+0.57

Drawdowns

EMDV vs. BITU - Drawdown Comparison

The maximum EMDV drawdown since its inception was -39.20%, smaller than the maximum BITU drawdown of -78.94%. Use the drawdown chart below to compare losses from any high point for EMDV and BITU.

Drawdown Indicators

	EMDV	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-39.20%	-78.94%	+39.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-78.94%	+71.70%
Max Drawdown (3Y) Largest decline over 3 years	-20.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.20%	—	—
Current Drawdown Current decline from peak	-14.80%	-78.94%	+64.14%
Average Drawdown Average peak-to-trough decline	-13.55%	-34.49%	+20.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	49.84%	-47.47%

Volatility

EMDV vs. BITU - Volatility Comparison

The current volatility for ProShares MSCI Emerging Markets Dividend Growers ETF (EMDV) is 4.17%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 18.99%. This indicates that EMDV experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMDV	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	18.99%	-14.82%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	69.41%	-60.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.21%	87.00%	-75.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	97.45%	-82.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.26%	97.45%	-79.19%

EMDV vs. BITU - Expense Ratio Comparison

EMDV has a 0.60% expense ratio, which is lower than BITU's 0.95% expense ratio.

Dividends

EMDV vs. BITU - Dividend Comparison

EMDV's dividend yield for the trailing twelve months is around 2.41%, less than BITU's 83.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BITU Proshares Ultra Bitcoin ETF	83.36%	50.23%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF	2.41%	2.46%	2.79%	1.88%	3.68%	2.12%	3.12%	2.38%	1.27%	2.09%	2.87%

Frequently Asked Questions

Can I hold both EMDV and BITU in my portfolio?

EMDV and BITU have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMDV or BITU?

BITU has higher volatility (18.99%) compared to EMDV (4.17%). In terms of maximum drawdown, EMDV dropped -39.20% vs BITU's -78.94%.

Which ETF is better, EMDV or BITU?

On 1-year performance, EMDV leads with 7.88% vs -73.07% for BITU. On fees, EMDV is cheaper at 0.60% per year. On volatility, EMDV has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMDV or BITU?

Over the 1-year period, EMDV has performed better with a 7.88% return vs -73.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMDV or BITU?

EMDV is cheaper with a 0.60% expense ratio, compared with 0.95% for BITU.

Which ETF pays a higher dividend yield, EMDV or BITU?

BITU has the higher dividend yield at 83.36%, compared with 2.41% for EMDV.

What is the main difference between EMDV and BITU?

EMDV is categorized as Emerging Markets Equities, while BITU is Cryptocurrency. EMDV tracks MSCI Emerging Markets Dividend Masters Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 0.60% for EMDV and 0.95% for BITU.

Which has better risk-adjusted returns?

EMDV currently has the higher Sharpe Ratio (0.71 vs -0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.