Correlation
The correlation between EZBC and BITO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
EZBC vs. BITO
Compare and contrast key facts about Franklin Bitcoin ETF (EZBC) and ProShares Bitcoin Strategy ETF (BITO).
EZBC and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. 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: EZBC or BITO.
Performance
EZBC vs. BITO - Performance Comparison
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Key characteristics
EZBC:
0.99
BITO:
0.80
EZBC:
1.63
BITO:
1.43
EZBC:
1.19
BITO:
1.17
EZBC:
1.87
BITO:
1.40
EZBC:
4.13
BITO:
3.12
EZBC:
12.78%
BITO:
13.92%
EZBC:
52.88%
BITO:
53.54%
EZBC:
-28.23%
BITO:
-77.86%
EZBC:
-6.02%
BITO:
-6.06%
Returns By Period
In the year-to-date period, EZBC achieves a 11.86% return, which is significantly higher than BITO's 9.30% return.
EZBC
11.86%
7.83%
7.55%
54.63%
N/A
N/A
N/A
BITO
9.30%
7.52%
3.69%
45.74%
41.59%
N/A
N/A
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EZBC vs. BITO - Expense Ratio Comparison
EZBC has a 0.19% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
EZBC vs. BITO — Risk-Adjusted Performance Rank
EZBC
BITO
EZBC vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Bitcoin ETF (EZBC) 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
EZBC vs. BITO - Dividend Comparison
EZBC has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 57.63%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
EZBC Franklin Bitcoin ETF | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 57.63% | 61.58% | 15.14% |
Drawdowns
EZBC vs. BITO - Drawdown Comparison
The maximum EZBC drawdown since its inception was -28.23%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for EZBC and BITO.
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Volatility
EZBC vs. BITO - Volatility Comparison
Franklin Bitcoin ETF (EZBC) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 9.40% and 9.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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