MTPLF vs. BITO
MTPLF (Metaplanet Inc) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past year, MTPLF returned -84.05% vs -41.01% for BITO. At a 0.40 correlation, their price movements are largely independent.
Performance
MTPLF vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, MTPLF achieves a -38.00% return, which is significantly lower than BITO's -26.37% return.
MTPLF
- 1D
- -3.12%
- 1M
- -28.57%
- YTD
- -38.00%
- 6M
- -38.00%
- 1Y
- -84.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.94%
- 1M
- -18.61%
- YTD
- -26.37%
- 6M
- -30.81%
- 1Y
- -41.01%
- 3Y*
- 25.27%
- 5Y*
- —
- 10Y*
- —
MTPLF vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MTPLF Metaplanet Inc | -38.00% | 8.70% | 43.75% |
BITO ProShares Bitcoin Strategy ETF | -26.37% | -11.19% | -2.67% |
Correlation
The correlation between MTPLF and BITO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2024 | 0.40 |
The correlation between MTPLF and BITO shifts across timeframes, from 0.40 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MTPLF vs. BITO — Risk / Return Rank
MTPLF
BITO
MTPLF vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metaplanet Inc (MTPLF) 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.
| MTPLF | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.88 | -0.95 | +0.06 |
Sortino ratioReturn per unit of downside risk | -2.19 | -1.35 | -0.84 |
Omega ratioGain probability vs. loss probability | 0.78 | 0.85 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.82 | -0.13 |
Martin ratioReturn relative to average drawdown | -1.18 | -1.41 | +0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MTPLF | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | -0.95 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.09 | +0.08 |
Drawdowns
MTPLF vs. BITO - Drawdown Comparison
The maximum MTPLF drawdown since its inception was -89.90%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for MTPLF and BITO.
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Drawdown Indicators
| MTPLF | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.90% | -77.86% | -12.04% |
Max Drawdown (1Y)Largest decline over 1 year | -88.21% | -50.05% | -38.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.05% | — |
Current DrawdownCurrent decline from peak | -89.90% | -49.22% | -40.68% |
Average DrawdownAverage peak-to-trough decline | -56.35% | -36.73% | -19.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.32% | 29.09% | +42.23% |
Volatility
MTPLF vs. BITO - Volatility Comparison
Metaplanet Inc (MTPLF) has a higher volatility of 14.43% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.43%. This indicates that MTPLF'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.
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Volatility by Period
| MTPLF | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.43% | 9.43% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 65.15% | 34.26% | +30.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.87% | 43.57% | +53.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 156.55% | 55.11% | +101.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 156.55% | 55.11% | +101.44% |
Dividends
MTPLF vs. BITO - Dividend Comparison
MTPLF has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 67.63%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 67.63% | 78.29% | 61.59% | 15.14% |
MTPLF Metaplanet Inc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MTPLF and BITO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTPLF has higher volatility (14.43%) compared to BITO (9.43%). In terms of maximum drawdown, MTPLF dropped -89.90% vs BITO's -77.86%.
MTPLF currently has the higher Sharpe Ratio (-0.88 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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