Correlation
The correlation between IBIT and BITU is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
IBIT vs. BITU
Compare and contrast key facts about iShares Bitcoin Trust (IBIT) and Proshares Ultra Bitcoin ETF (BITU).
IBIT and BITU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. Both IBIT and BITU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBIT or BITU.
Performance
IBIT vs. BITU - Performance Comparison
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Key characteristics
IBIT:
0.99
BITU:
0.43
IBIT:
1.63
BITU:
1.35
IBIT:
1.19
BITU:
1.16
IBIT:
1.86
BITU:
0.84
IBIT:
4.07
BITU:
1.56
IBIT:
12.91%
BITU:
29.89%
IBIT:
53.01%
BITU:
105.81%
IBIT:
-28.22%
BITU:
-55.28%
IBIT:
-5.96%
BITU:
-20.71%
Returns By Period
In the year-to-date period, IBIT achieves a 12.08% return, which is significantly higher than BITU's 6.46% return.
IBIT
12.08%
11.12%
7.70%
51.84%
N/A
N/A
N/A
BITU
6.46%
20.61%
-6.22%
45.59%
N/A
N/A
N/A
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IBIT vs. BITU - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than BITU's 0.95% expense ratio.
Risk-Adjusted Performance
IBIT vs. BITU — Risk-Adjusted Performance Rank
IBIT
BITU
IBIT vs. BITU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust (IBIT) 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.
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Dividends
IBIT vs. BITU - Dividend Comparison
IBIT has not paid dividends to shareholders, while BITU's dividend yield for the trailing twelve months is around 4.07%.
| TTM | 2024 | |
|---|---|---|
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
BITU Proshares Ultra Bitcoin ETF | 4.07% | 0.12% |
Drawdowns
IBIT vs. BITU - Drawdown Comparison
The maximum IBIT drawdown since its inception was -28.22%, smaller than the maximum BITU drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for IBIT and BITU.
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Volatility
IBIT vs. BITU - Volatility Comparison
The current volatility for iShares Bitcoin Trust (IBIT) is 9.41%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 18.68%. This indicates that IBIT 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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