LEGR vs. BITO
Compare and contrast key facts about First Trust Indxx Innovative Transaction & Process ETF (LEGR) and ProShares Bitcoin Strategy ETF (BITO).
LEGR and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LEGR is a passively managed fund by First Trust that tracks the performance of the Indxx Blockchain Index. It was launched on Jan 24, 2018. 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: LEGR or BITO.
Performance
LEGR vs. BITO - Performance Comparison
Returns By Period
In the year-to-date period, LEGR achieves a 15.77% return, which is significantly lower than BITO's 107.22% return.
LEGR
15.77%
-2.66%
6.44%
23.22%
11.05%
N/A
BITO
107.22%
34.54%
30.19%
127.18%
N/A
N/A
Key characteristics
| LEGR | BITO | |
|---|---|---|
| Sharpe Ratio | 1.81 | 2.33 |
| Sortino Ratio | 2.51 | 2.88 |
| Omega Ratio | 1.31 | 1.34 |
| Calmar Ratio | 2.27 | 2.72 |
| Martin Ratio | 12.61 | 9.94 |
| Ulcer Index | 1.94% | 13.50% |
| Daily Std Dev | 13.55% | 57.57% |
| Max Drawdown | -36.12% | -77.86% |
| Current Drawdown | -2.66% | 0.00% |
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LEGR vs. BITO - Expense Ratio Comparison
LEGR has a 0.65% expense ratio, which is lower than BITO's 0.95% expense ratio.
Correlation
The correlation between LEGR and BITO is 0.42, 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.
Risk-Adjusted Performance
LEGR vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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
LEGR vs. BITO - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 2.29%, less than BITO's 48.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 2.29% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
BITO ProShares Bitcoin Strategy ETF | 48.87% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LEGR vs. BITO - Drawdown Comparison
The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for LEGR and BITO. For additional features, visit the drawdowns tool.
Volatility
LEGR vs. BITO - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 3.70%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.34%. This indicates that LEGR 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.