FCPT vs. BITO

Last updated Jun 24, 2026

FCPT (Four Corners Property Trust, Inc.) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, FCPT returned 5.71%/yr vs 18.00%/yr for BITO. At a 0.14 correlation, their price movements are largely independent.

Performance

FCPT vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Four Corners Property Trust, Inc. (FCPT) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCPT achieves a 9.88% return, which is significantly higher than BITO's -29.93% return.

FCPT

• 1D: 2.25%
• 1M: -0.44%
• YTD: 9.88%
• 6M: 10.61%
• 1Y: -4.97%
• 3Y*: 5.71%
• 5Y*: 2.38%
• 10Y*: 7.62%

BITO

• 1D: -3.31%
• 1M: -18.05%
• YTD: -29.93%
• 6M: -30.03%
• 1Y: -42.09%
• 3Y*: 18.00%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCPT vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FCPT Four Corners Property Trust, Inc.	9.88%	-10.14%	13.14%	3.10%	-7.20%	3.99%
BITO ProShares Bitcoin Strategy ETF	-29.93%	-11.19%	104.45%	137.33%	-63.91%	-29.31%

Correlation

The correlation between FCPT and BITO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021	0.14

The correlation between FCPT and BITO shifts across timeframes, from -0.01 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FCPT vs. BITO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCPT

FCPT Risk / Return Rank: 29
FCPT Sharpe Ratio Rank: 30
FCPT Sortino Ratio Rank: 25
FCPT Omega Ratio Rank: 26
FCPT Calmar Ratio Rank: 31
FCPT Martin Ratio Rank: 30

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 1
BITO Sortino Ratio Rank: 2
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCPT vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Four Corners Property Trust, Inc. (FCPT) 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.

	FCPT	BITO	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	-0.96	+0.67
Sortino ratio: Return per unit of downside risk	-0.29	-1.38	+1.09
Omega ratio: Gain probability vs. loss probability	0.97	0.85	+0.12
Calmar ratio: Return relative to maximum drawdown	-0.34	-0.80	+0.45
Martin ratio: Return relative to average drawdown	-0.66	-1.35	+0.69

FCPT vs. BITO - Sharpe Ratio Comparison

The current FCPT Sharpe Ratio is -0.29, which is higher than the BITO Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of FCPT and BITO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCPT vs. BITO - Drawdown Comparison

The maximum FCPT drawdown since its inception was -57.60%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for FCPT and BITO.

Drawdown Indicators

	FCPT	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-57.60%	-77.86%	+20.26%
Max Drawdown (1Y) Largest decline over 1 year	-14.66%	-53.10%	+38.44%
Max Drawdown (3Y) Largest decline over 3 years	-23.97%	-53.10%	+29.13%
Max Drawdown (5Y) Largest decline over 5 years	-25.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-57.60%	—	—
Current Drawdown Current decline from peak	-10.29%	-51.67%	+41.38%
Average Drawdown Average peak-to-trough decline	-8.28%	-36.86%	+28.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.35%	31.28%	-22.93%

Volatility

FCPT vs. BITO - Volatility Comparison

The current volatility for Four Corners Property Trust, Inc. (FCPT) is 6.78%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.79%. This indicates that FCPT 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.

Volatility by Period

	FCPT	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	12.79%	-6.01%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	34.39%	-21.21%
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	44.08%	-26.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.96%	55.02%	-35.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.77%	55.02%	-24.25%

Dividends

FCPT vs. BITO - Dividend Comparison

FCPT's dividend yield for the trailing twelve months is around 5.78%, less than BITO's 71.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BITO ProShares Bitcoin Strategy ETF	71.07%	78.29%	61.59%	15.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FCPT Four Corners Property Trust, Inc.	5.78%	6.21%	5.12%	5.40%	5.16%	4.37%	5.16%	4.08%	3.15%	3.90%	45.27%

Frequently Asked Questions

Can I hold both FCPT and BITO in my portfolio?

FCPT and BITO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCPT or BITO?

BITO has higher volatility (12.79%) compared to FCPT (6.78%). In terms of maximum drawdown, FCPT dropped -57.60% vs BITO's -77.86%.

Which has better risk-adjusted returns?

FCPT currently has the higher Sharpe Ratio (-0.29 vs -0.96), 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.