EVMU vs. BITU
EVMU (Direxion Daily Ether Bull 2X ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - EVMU is a Leveraged Cryptocurrency fund actively managed by Direxion, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. EVMU is actively managed, while BITU is passively managed. Their correlation of 0.91 suggests significant overlap in exposure.
Performance
EVMU vs. BITU - Performance Comparison
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Returns By Period
EVMU
- 1D
- 6.26%
- 1M
- -38.86%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITU
- 1D
- 1.90%
- 1M
- -34.64%
- YTD
- -60.99%
- 6M
- -60.67%
- 1Y
- -77.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVMU vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
EVMU Direxion Daily Ether Bull 2X ETF | -42.24% |
BITU Proshares Ultra Bitcoin ETF | -39.06% |
Correlation
The correlation between EVMU and BITU is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 27, 2026 | 0.91 |
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Return for Risk
EVMU vs. BITU — Risk / Return Rank
EVMU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITU
EVMU vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Ether Bull 2X ETF (EVMU) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EVMU | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.93 | — |
| Martin ratioReturn relative to average drawdown | — | -1.43 | — |
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Drawdowns
EVMU vs. BITU - Drawdown Comparison
The maximum EVMU drawdown since its inception was -46.73%, smaller than the maximum BITU drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for EVMU and BITU.
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Drawdown Indicators
| EVMU | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.73% | -83.16% | +36.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -83.16% | — |
Current DrawdownCurrent decline from peak | -42.24% | -82.55% | +40.31% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -35.84% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 54.07% | — |
Volatility
EVMU vs. BITU - Volatility Comparison
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Volatility by Period
| EVMU | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 69.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 132.73% | 88.46% | +44.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 132.73% | 97.20% | +35.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 132.73% | 97.20% | +35.53% |
Dividends
EVMU vs. BITU - Dividend Comparison
EVMU's dividend yield for the trailing twelve months is around 0.31%, less than BITU's 100.59% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 100.59% | 50.23% | 0.12% |
EVMU Direxion Daily Ether Bull 2X ETF | 0.31% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, EVMU and BITU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BITU has the higher dividend yield at 100.59%, compared with 0.31% for EVMU.
EVMU is categorized as Leveraged Cryptocurrency, while BITU is Cryptocurrency. They also come from different issuers: Direxion and ProShares.
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