GEF-B vs. BITO

Last updated Aug 1, 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 16.30%/yr vs 21.20%/yr for BITO. Their 0.22 correlation means their historical movements had little consistent relationship.

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 48.31% return, which is significantly higher than BITO's -29.42% return.

GEF-B

• 1D: -0.80%
• 1M: 17.19%
• 6M: 33.17%
• YTD: 48.31%
• 1Y: 77.51%
• 3Y*: 16.30%
• 5Y*: 17.50%
• 10Y*: 12.67%
• ALL TIME*: 13.63%

BITO

• 1D: -2.85%
• 1M: 2.16%
• 6M: -26.02%
• YTD: -29.42%
• 1Y: -46.40%
• 3Y*: 21.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -5.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITO ProShares Bitcoin Strategy ETF	$1.89B	$2.63B	$2.08B
GEF-B Greif Inc	$6.97M	$5.34M	$6.43M

GEF-B vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GEF-B Greif Inc	48.31%	15.77%	7.79%	-11.91%	36.86%	-4.22%
BITO ProShares Bitcoin Strategy ETF	-29.42%	-11.19%	104.45%	137.33%	-63.91%	-29.31%

Correlation

The correlation between GEF-B and BITO is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021	0.22

Return for Risk

GEF-B vs. BITO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GEF-B

GEF-B Risk / Return Rank: 93
GEF-B Sharpe Ratio Rank: 96
GEF-B Sortino Ratio Rank: 94
GEF-B Omega Ratio Rank: 93
GEF-B Calmar Ratio Rank: 93
GEF-B Martin Ratio Rank: 88

BITO

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	GEF-B	BITO	Difference
Sharpe ratio: Return per unit of total volatility	2.63	-1.09	+3.72
Sortino ratio: Return per unit of downside risk	3.32	-1.69	+5.02
Omega ratio: Gain probability vs. loss probability	1.41	0.81	+0.59
Calmar ratio: Return relative to maximum drawdown	4.20	-0.89	+5.09
Martin ratio: Return relative to average drawdown	8.69	-1.36	+10.05

GEF-B vs. BITO - Sharpe Ratio Comparison

The current GEF-B Sharpe Ratio is 2.63, which is higher than the BITO Sharpe Ratio of -1.09. 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.

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	-17.44%	-54.47%	+37.03%
Max Drawdown (3Y) Largest decline over 3 years	-28.37%	-54.47%	+26.10%
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	-0.80%	-51.32%	+50.52%
Average Drawdown Average peak-to-trough decline	-14.04%	-37.18%	+23.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.42%	35.48%	-27.06%

Volatility

GEF-B vs. BITO - Volatility Comparison

Greif Inc (GEF-B) has a higher volatility of 9.71% compared to ProShares Bitcoin Strategy ETF (BITO) at 8.96%. This indicates that GEF-B'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.

Volatility by Period

	GEF-B	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.71%	8.96%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	21.22%	33.45%	-12.23%
Volatility (1Y) Calculated over the trailing 1-year period	27.86%	44.19%	-16.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.57%	54.60%	-25.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.34%	54.60%	-19.26%

Dividends

GEF-B vs. BITO - Dividend Comparison

GEF-B's dividend yield for the trailing twelve months is around 3.17%, less than BITO's 61.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITO ProShares Bitcoin Strategy ETF	47.47%	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	3.17%	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 0.13, 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?

GEF-B has higher volatility (9.71%) compared to BITO (8.96%). 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 (2.63 vs -1.09), 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.