MARA vs. BITO
Compare and contrast key facts about Marathon Digital Holdings, Inc. (MARA) 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: MARA or BITO.
Performance
MARA vs. BITO - Performance Comparison
Returns By Period
In the year-to-date period, MARA achieves a 2.94% return, which is significantly lower than BITO's 119.51% return.
MARA
2.94%
27.46%
20.42%
121.43%
86.14%
-14.77%
BITO
119.51%
44.98%
42.52%
140.15%
N/A
N/A
Key characteristics
| MARA | BITO | |
|---|---|---|
| Sharpe Ratio | 1.20 | 2.53 |
| Sortino Ratio | 2.19 | 3.01 |
| Omega Ratio | 1.25 | 1.36 |
| Calmar Ratio | 1.45 | 2.95 |
| Martin Ratio | 3.63 | 10.78 |
| Ulcer Index | 37.03% | 13.50% |
| Daily Std Dev | 111.96% | 57.58% |
| Max Drawdown | -99.74% | -77.86% |
| Current Drawdown | -84.37% | 0.00% |
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Correlation
The correlation between MARA and BITO is 0.68, 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
MARA vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Marathon Digital Holdings, Inc. (MARA) 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
MARA vs. BITO - Dividend Comparison
MARA has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 46.14%.
| TTM | 2023 | |
|---|---|---|
MARA Marathon Digital Holdings, Inc. | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 46.14% | 15.14% |
Drawdowns
MARA vs. BITO - Drawdown Comparison
The maximum MARA drawdown since its inception was -99.74%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for MARA and BITO. For additional features, visit the drawdowns tool.
Volatility
MARA vs. BITO - Volatility Comparison
Marathon Digital Holdings, Inc. (MARA) has a higher volatility of 46.01% compared to ProShares Bitcoin Strategy ETF (BITO) at 18.04%. This indicates that MARA's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.