EUO vs. BITO
Compare and contrast key facts about ProShares UltraShort Euro (EUO) and ProShares Bitcoin Strategy ETF (BITO).
EUO and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUO is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. 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: EUO or BITO.
Key characteristics
| EUO | BITO | |
|---|---|---|
| YTD Return | 8.89% | 35.50% |
| 1Y Return | 11.41% | 94.80% |
| Sharpe Ratio | 0.91 | 1.66 |
| Daily Std Dev | 13.57% | 50.80% |
| Max Drawdown | -38.58% | -77.86% |
| Current Drawdown | -12.59% | -22.57% |
Correlation
The correlation between EUO and BITO is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
EUO vs. BITO - Performance Comparison
In the year-to-date period, EUO achieves a 8.89% return, which is significantly lower than BITO's 35.50% 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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EUO vs. BITO - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is higher than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
EUO vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) 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
EUO vs. BITO - Dividend Comparison
EUO has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 16.39%.
| TTM | 2023 | |
|---|---|---|
EUO ProShares UltraShort Euro | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 16.39% | 15.14% |
Drawdowns
EUO vs. BITO - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for EUO and BITO. For additional features, visit the drawdowns tool.
Volatility
EUO vs. BITO - Volatility Comparison
The current volatility for ProShares UltraShort Euro (EUO) is 3.66%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 16.75%. This indicates that EUO experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.