GOOG vs. BITU
GOOG (Alphabet Inc) is a stock, while BITU (Proshares Ultra Bitcoin ETF) is Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Over the past year, GOOG returned 109.32% vs -71.62% for BITU. At a 0.29 correlation, their price movements are largely independent.
Performance
GOOG vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, GOOG achieves a 17.14% return, which is significantly higher than BITU's -51.92% return.
GOOG
- 1D
- 2.50%
- 1M
- -6.61%
- YTD
- 17.14%
- 6M
- 18.84%
- 1Y
- 109.32%
- 3Y*
- 43.99%
- 5Y*
- 24.12%
- 10Y*
- 26.76%
BITU
- 1D
- 9.21%
- 1M
- -31.11%
- YTD
- -51.92%
- 6M
- -50.40%
- 1Y
- -71.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOG vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GOOG Alphabet Inc | 17.14% | 65.42% | 22.12% |
BITU Proshares Ultra Bitcoin ETF | -51.92% | -37.07% | 41.85% |
Correlation
The correlation between GOOG and BITU is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.29 |
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Return for Risk
GOOG vs. BITU — Risk / Return Rank
GOOG
BITU
GOOG vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc (GOOG) and Proshares Ultra Bitcoin ETF (BITU). 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.
| GOOG | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.63 | ||
| Sortino ratioReturn per unit of downside risk | +6.49 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.85 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 5.30 | -0.87 | +6.17 |
| Martin ratioReturn relative to average drawdown | 18.58 | -1.38 | +19.96 |
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Drawdowns
GOOG vs. BITU - Drawdown Comparison
The maximum GOOG drawdown since its inception was -44.60%, smaller than the maximum BITU drawdown of -82.21%. Use the drawdown chart below to compare losses from any high point for GOOG and BITU.
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Drawdown Indicators
| GOOG | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.60% | -82.21% | +37.61% |
Max Drawdown (1Y)Largest decline over 1 year | -20.75% | -82.21% | +61.46% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.60% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.60% | — | — |
Current DrawdownCurrent decline from peak | -7.95% | -78.50% | +70.55% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -35.10% | +26.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 51.85% | -45.94% |
Volatility
GOOG vs. BITU - Volatility Comparison
The current volatility for Alphabet Inc (GOOG) is 7.87%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 25.78%. This indicates that GOOG experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOG | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | 25.78% | -17.91% |
Volatility (6M)Calculated over the trailing 6-month period | 20.46% | 70.18% | -49.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.85% | 88.32% | -59.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.18% | 97.56% | -66.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.04% | 97.56% | -68.52% |
Dividends
GOOG vs. BITU - Dividend Comparison
GOOG's dividend yield for the trailing twelve months is around 0.23%, less than BITU's 81.62% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 81.62% | 50.23% | 0.12% |
GOOG Alphabet Inc | 0.23% | 0.26% | 0.32% |
Frequently Asked Questions
GOOG and BITU have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (25.78%) compared to GOOG (7.87%). In terms of maximum drawdown, GOOG dropped -44.60% vs BITU's -82.21%.
GOOG currently has the higher Sharpe Ratio (3.82 vs -0.81), 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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