KSPI.L vs. BITO
Compare and contrast key facts about Kaspi Bank Joint Stock Company (KSPI.L) and ProShares Bitcoin Strategy ETF (BITO).
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: KSPI.L or BITO.
Key characteristics
| KSPI.L | BITO |
|---|
Correlation
The correlation between KSPI.L and BITO is 0.10, 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.
Performance
KSPI.L vs. BITO - Performance Comparison
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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Risk-Adjusted Performance
KSPI.L vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kaspi Bank Joint Stock Company (KSPI.L) 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
KSPI.L vs. BITO - Dividend Comparison
KSPI.L has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 51.71%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
KSPI.L Kaspi Bank Joint Stock Company | 1.59% | 8.49% | 3.24% | 3.51% |
BITO ProShares Bitcoin Strategy ETF | 51.71% | 15.14% | 0.00% | 0.00% |
Drawdowns
KSPI.L vs. BITO - Drawdown Comparison
Volatility
KSPI.L vs. BITO - Volatility Comparison
The current volatility for Kaspi Bank Joint Stock Company (KSPI.L) is 0.00%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.46%. This indicates that KSPI.L 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.