MSTR vs. BITO
Compare and contrast key facts about MicroStrategy Incorporated (MSTR) 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: MSTR or BITO.
Key characteristics
| MSTR | BITO | |
|---|---|---|
| YTD Return | 439.33% | 104.81% |
| 1Y Return | 596.51% | 134.95% |
| 3Y Return (Ann) | 65.68% | 9.90% |
| Sharpe Ratio | 5.53 | 2.14 |
| Sortino Ratio | 4.20 | 2.73 |
| Omega Ratio | 1.50 | 1.32 |
| Calmar Ratio | 6.70 | 2.47 |
| Martin Ratio | 27.26 | 9.18 |
| Ulcer Index | 21.03% | 13.50% |
| Daily Std Dev | 103.67% | 57.80% |
| Max Drawdown | -99.86% | -77.86% |
| Current Drawdown | -4.47% | 0.00% |
Correlation
The correlation between MSTR and BITO is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MSTR vs. BITO - Performance Comparison
In the year-to-date period, MSTR achieves a 439.33% return, which is significantly higher than BITO's 104.81% 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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Risk-Adjusted Performance
MSTR vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroStrategy Incorporated (MSTR) 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
MSTR vs. BITO - Dividend Comparison
MSTR has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 49.45%.
| TTM | 2023 | |
|---|---|---|
MSTR MicroStrategy Incorporated | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 49.45% | 15.14% |
Drawdowns
MSTR vs. BITO - Drawdown Comparison
The maximum MSTR drawdown since its inception was -99.86%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for MSTR and BITO. For additional features, visit the drawdowns tool.
Volatility
MSTR vs. BITO - Volatility Comparison
MicroStrategy Incorporated (MSTR) has a higher volatility of 32.85% compared to ProShares Bitcoin Strategy ETF (BITO) at 18.53%. This indicates that MSTR'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.