FBPEX vs. BITO
FBPEX (Cantor FBP Equity & Dividend Plus Fund) and BITO (ProShares Bitcoin Strategy ETF) are both funds - FBPEX is a Large Cap Value Equities fund managed by Flippin, Bruce & Porter Funds, while BITO is a Cryptocurrency fund actively managed by ProShares. Over the past year, FBPEX returned 18.30% vs -40.14% for BITO. At a 0.23 correlation, their price movements are largely independent. FBPEX charges 1.12%/yr vs 0.95%/yr for BITO.
Performance
FBPEX vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, FBPEX achieves a 9.62% return, which is significantly higher than BITO's -27.53% return.
FBPEX
- 1D
- -0.42%
- 1M
- 0.86%
- YTD
- 9.62%
- 6M
- 9.07%
- 1Y
- 18.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- 2.34%
- 1M
- -15.24%
- YTD
- -27.53%
- 6M
- -28.30%
- 1Y
- -40.14%
- 3Y*
- 19.33%
- 5Y*
- —
- 10Y*
- —
FBPEX vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FBPEX Cantor FBP Equity & Dividend Plus Fund | 9.62% | 10.80% | 12.18% | 6.24% |
BITO ProShares Bitcoin Strategy ETF | -27.53% | -11.19% | 104.45% | 57.95% |
Correlation
The correlation between FBPEX and BITO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2023 | 0.23 |
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Return for Risk
FBPEX vs. BITO — Risk / Return Rank
FBPEX
BITO
FBPEX vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cantor FBP Equity & Dividend Plus Fund (FBPEX) 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.
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.
| FBPEX | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.86 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | -0.76 | +3.30 |
| Martin ratioReturn relative to average drawdown | 8.24 | -1.29 | +9.53 |
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Drawdowns
FBPEX vs. BITO - Drawdown Comparison
The maximum FBPEX drawdown since its inception was -12.78%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for FBPEX and BITO.
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Drawdown Indicators
| FBPEX | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.78% | -77.86% | +65.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.38% | -53.10% | +45.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.10% | — |
Current DrawdownCurrent decline from peak | -2.65% | -50.02% | +47.37% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -36.85% | +34.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 31.11% | -28.83% |
Volatility
FBPEX vs. BITO - Volatility Comparison
The current volatility for Cantor FBP Equity & Dividend Plus Fund (FBPEX) is 3.39%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.60%. This indicates that FBPEX 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.
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Volatility by Period
| FBPEX | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 12.60% | -9.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 34.26% | -26.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 44.05% | -33.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 55.02% | -43.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 55.02% | -43.26% |
FBPEX vs. BITO - Expense Ratio Comparison
FBPEX has a 1.12% expense ratio, which is higher than BITO's 0.95% expense ratio.
Dividends
FBPEX vs. BITO - Dividend Comparison
FBPEX's dividend yield for the trailing twelve months is around 9.70%, less than BITO's 68.72% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 68.72% | 78.29% | 61.59% | 15.14% |
FBPEX Cantor FBP Equity & Dividend Plus Fund | 9.70% | 9.53% | 11.78% | 4.20% |
Frequently Asked Questions
FBPEX and BITO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (12.60%) compared to FBPEX (3.39%). In terms of maximum drawdown, FBPEX dropped -12.78% vs BITO's -77.86%.
FBPEX currently has the higher Sharpe Ratio (1.78 vs -0.92), 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.
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