FUTR.L vs. BITO
FUTR.L (Future plc) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, FUTR.L returned -25.09%/yr vs 22.17%/yr for BITO. At a 0.13 correlation, their price movements are largely independent.
Performance
FUTR.L vs. BITO - Performance Comparison
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Different Trading Currencies
FUTR.L is traded in GBp, while BITO is traded in USD. To make them comparable, the BITO values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FUTR.L achieves a -41.80% return, which is significantly lower than BITO's -26.10% return.
FUTR.L
- 1D
- -4.20%
- 1M
- -10.83%
- YTD
- -41.80%
- 6M
- -48.89%
- 1Y
- -54.74%
- 3Y*
- -25.09%
- 5Y*
- -36.12%
- 10Y*
- 11.20%
BITO
- 1D
- -2.69%
- 1M
- -17.95%
- YTD
- -26.10%
- 6M
- -31.18%
- 1Y
- -40.60%
- 3Y*
- 22.17%
- 5Y*
- —
- 10Y*
- —
FUTR.L vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FUTR.L Future plc | -41.80% | -42.99% | 17.05% | -37.07% | -66.89% | 7.71% |
BITO ProShares Bitcoin Strategy ETF | -26.10% | -17.52% | 108.02% | 125.47% | -59.62% | -29.79% |
Correlation
The correlation between FUTR.L and BITO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021 | 0.13 |
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Return for Risk
FUTR.L vs. BITO — Risk / Return Rank
FUTR.L
BITO
FUTR.L vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Future plc (FUTR.L) 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.
| FUTR.L | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 0.85 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.81 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.64 | -1.41 | -0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUTR.L | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | -0.96 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | -0.08 | -0.07 |
Drawdowns
FUTR.L vs. BITO - Drawdown Comparison
The maximum FUTR.L drawdown since its inception was -98.91%, which is greater than BITO's maximum drawdown of -74.61%. Use the drawdown chart below to compare losses from any high point for FUTR.L and BITO.
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Drawdown Indicators
| FUTR.L | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.91% | -74.61% | -24.30% |
Max Drawdown (1Y)Largest decline over 1 year | -63.65% | -50.23% | -13.42% |
Max Drawdown (3Y)Largest decline over 3 years | -75.10% | -50.23% | -24.87% |
Max Drawdown (5Y)Largest decline over 5 years | -92.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.65% | — | — |
Current DrawdownCurrent decline from peak | -95.48% | -49.00% | -46.48% |
Average DrawdownAverage peak-to-trough decline | -86.12% | -35.05% | -51.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.41% | 28.88% | +4.53% |
Volatility
FUTR.L vs. BITO - Volatility Comparison
Future plc (FUTR.L) has a higher volatility of 21.73% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.75%. This indicates that FUTR.L's price experiences larger fluctuations and is considered to be riskier 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
| FUTR.L | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.73% | 9.75% | +11.98% |
Volatility (6M)Calculated over the trailing 6-month period | 43.25% | 33.28% | +9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.81% | 42.54% | +4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.48% | 53.89% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.88% | 53.89% | -1.01% |
Dividends
FUTR.L vs. BITO - Dividend Comparison
FUTR.L's dividend yield for the trailing twelve months is around 5.74%, less than BITO's 67.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 67.63% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% |
FUTR.L Future plc | 5.74% | 0.65% | 0.37% | 0.43% | 0.22% | 0.04% | 0.06% | 0.03% |
Frequently Asked Questions
FUTR.L and BITO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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