ETHO vs. BITO
Compare and contrast key facts about Etho Climate Leadership U.S. ETF (ETHO) and ProShares Bitcoin Strategy ETF (BITO).
ETHO and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHO is a passively managed fund by ETFMG that tracks the performance of the Etho Climate Leadership Index. It was launched on Nov 18, 2015. 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: ETHO or BITO.
Correlation
The correlation between ETHO and BITO is 0.80, 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
ETHO vs. BITO - Performance Comparison
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Key characteristics
ETHO:
16.82%
BITO:
32.35%
ETHO:
-0.93%
BITO:
0.00%
ETHO:
0.00%
BITO:
0.00%
Returns By Period
ETHO
N/A
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BITO
N/A
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ETHO vs. BITO - Expense Ratio Comparison
ETHO has a 0.48% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
ETHO vs. BITO — Risk-Adjusted Performance Rank
ETHO
BITO
ETHO vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Etho Climate Leadership U.S. ETF (ETHO) 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.
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Dividends
ETHO vs. BITO - Dividend Comparison
ETHO's dividend yield for the trailing twelve months is around 0.75%, while BITO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETHO Etho Climate Leadership U.S. ETF | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ETHO vs. BITO - Drawdown Comparison
The maximum ETHO drawdown since its inception was -0.93%, which is greater than BITO's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ETHO and BITO. For additional features, visit the drawdowns tool.
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Volatility
ETHO vs. BITO - Volatility Comparison
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