GEF-B vs. BITO

Last updated Jun 3, 2026

GEF-B (Greif Inc) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, GEF-B returned 8.38%/yr vs 26.52%/yr for BITO. At a 0.23 correlation, their price movements are largely independent.

Performance

GEF-B vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Greif Inc (GEF-B) 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, GEF-B achieves a 6.81% return, which is significantly higher than BITO's -24.14% return.

GEF-B

• 1D: 0.34%
• 1M: -2.14%
• YTD: 6.81%
• 6M: 15.87%
• 1Y: 39.41%
• 3Y*: 8.38%
• 5Y*: 11.01%
• 10Y*: 10.21%

BITO

• 1D: -5.85%
• 1M: -14.50%
• YTD: -24.14%
• 6M: -27.28%
• 1Y: -38.17%
• 3Y*: 26.52%
• 5Y*: —
• 10Y*: —

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

GEF-B vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GEF-B Greif Inc	6.81%	15.77%	7.79%	-11.91%	36.86%	-3.91%
BITO ProShares Bitcoin Strategy ETF	-24.14%	-11.19%	104.45%	137.33%	-63.91%	-31.09%

Correlation

The correlation between GEF-B and BITO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021	0.23

Return for Risk

GEF-B vs. BITO — Risk / Return Rank

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

GEF-B

GEF-B Risk / Return Rank: 74
GEF-B Sharpe Ratio Rank: 78
GEF-B Sortino Ratio Rank: 75
GEF-B Omega Ratio Rank: 72
GEF-B Calmar Ratio Rank: 73
GEF-B Martin Ratio Rank: 71

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 2
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.

GEF-B vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Greif Inc (GEF-B) 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.

	GEF-B	BITO	Difference
Sharpe ratio Return per unit of total volatility	1.31	-0.88	+2.19
Sortino ratio Return per unit of downside risk	2.05	-1.21	+3.26
Omega ratio Gain probability vs. loss probability	1.24	0.86	+0.38
Calmar ratio Return relative to maximum drawdown	1.97	-0.77	+2.74
Martin ratio Return relative to average drawdown	4.16	-1.33	+5.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEF-B vs. BITO - Sharpe Ratio Comparison

The current GEF-B Sharpe Ratio is 1.31, which is higher than the BITO Sharpe Ratio of -0.88. The chart below compares the historical Sharpe Ratios of GEF-B 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.

Sharpe Ratios by Period

	GEF-B	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	-0.88	+2.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	-0.08	+0.43

Drawdowns

GEF-B vs. BITO - Drawdown Comparison

The maximum GEF-B drawdown since its inception was -63.05%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for GEF-B and BITO.

Drawdown Indicators

	GEF-B	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-63.05%	-77.86%	+14.81%
Max Drawdown (1Y) Largest decline over 1 year	-18.97%	-50.05%	+31.08%
Max Drawdown (3Y) Largest decline over 3 years	-28.37%	-50.05%	+21.68%
Max Drawdown (5Y) Largest decline over 5 years	-29.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.81%	—	—
Current Drawdown Current decline from peak	-14.69%	-47.68%	+32.99%
Average Drawdown Average peak-to-trough decline	-14.11%	-36.72%	+22.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.98%	28.93%	-19.95%

Volatility

GEF-B vs. BITO - Volatility Comparison

The current volatility for Greif Inc (GEF-B) is 8.28%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 9.61%. This indicates that GEF-B 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

	GEF-B	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	9.61%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	19.20%	34.65%	-15.45%
Volatility (1Y) Calculated over the trailing 1-year period	30.30%	43.48%	-13.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.54%	55.12%	-25.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.47%	55.12%	-19.65%

Dividends

GEF-B vs. BITO - Dividend Comparison

GEF-B's dividend yield for the trailing twelve months is around 4.20%, less than BITO's 65.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITO ProShares Bitcoin Strategy ETF	65.64%	78.29%	61.59%	15.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GEF-B Greif Inc	4.20%	4.40%	4.67%	4.62%	3.67%	4.50%	5.44%	3.81%	4.32%	3.62%	3.72%	5.87%

Frequently Asked Questions

Can I hold both GEF-B and BITO in my portfolio?

GEF-B and BITO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEF-B or BITO?

BITO has higher volatility (9.61%) compared to GEF-B (8.28%). In terms of maximum drawdown, GEF-B dropped -63.05% vs BITO's -77.86%.

Which has better risk-adjusted returns?

GEF-B currently has the higher Sharpe Ratio (1.31 vs -0.88), 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.