JPSE vs. BITO
Compare and contrast key facts about JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and ProShares Bitcoin Strategy ETF (BITO).
JPSE and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPSE is a passively managed fund by JPMorgan Chase that tracks the performance of the JPMorgan Diversified Factor US Small Cap Equity Index. It was launched on Nov 15, 2016. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPSE or BITO.
Key characteristics
| JPSE | BITO | |
|---|---|---|
| YTD Return | 17.75% | 95.26% |
| 1Y Return | 36.53% | 115.20% |
| 3Y Return (Ann) | 4.24% | 5.56% |
| Sharpe Ratio | 1.98 | 2.06 |
| Sortino Ratio | 2.88 | 2.67 |
| Omega Ratio | 1.36 | 1.31 |
| Calmar Ratio | 2.17 | 2.34 |
| Martin Ratio | 11.28 | 8.87 |
| Ulcer Index | 3.41% | 13.51% |
| Daily Std Dev | 19.40% | 58.25% |
| Max Drawdown | -43.02% | -77.86% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between JPSE and BITO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JPSE vs. BITO - Performance Comparison
In the year-to-date period, JPSE achieves a 17.75% return, which is significantly lower than BITO's 95.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JPSE vs. BITO - Expense Ratio Comparison
JPSE has a 0.29% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
JPSE vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) 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.
Dividends
JPSE vs. BITO - Dividend Comparison
JPSE's dividend yield for the trailing twelve months is around 1.58%, less than BITO's 51.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | 1.58% | 1.76% | 1.55% | 1.24% | 1.32% | 1.23% | 1.18% | 0.74% | 0.14% |
BITO ProShares Bitcoin Strategy ETF | 51.87% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JPSE vs. BITO - Drawdown Comparison
The maximum JPSE drawdown since its inception was -43.02%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for JPSE and BITO. For additional features, visit the drawdowns tool.
Volatility
JPSE vs. BITO - Volatility Comparison
The current volatility for JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is 6.92%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.16%. This indicates that JPSE 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.