NOBL vs. BITU
NOBL (ProShares S&P 500 Dividend Aristocrats ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, NOBL returned 16.10% vs -77.50% for BITU. Their 0.16 correlation means their historical movements had little consistent relationship. NOBL charges 0.35%/yr vs 0.95%/yr for BITU.
Performance
NOBL vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, NOBL achieves a 11.50% return, which is significantly higher than BITU's -57.36% return.
NOBL
- 1D
- 0.60%
- 1M
- -0.50%
- 6M
- 4.99%
- YTD
- 11.50%
- 1Y
- 16.10%
- 3Y*
- 8.76%
- 5Y*
- 6.69%
- 10Y*
- 9.85%
- ALL TIME*
- 10.74%
BITU
- 1D
- 2.86%
- 1M
- 5.78%
- 6M
- -44.05%
- YTD
- -57.36%
- 1Y
- -77.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -33.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.97M | $38.90M | $46.19M | |
| $70.34M | $67.56M | $62.19M |
NOBL vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 11.50% | 6.84% | 0.52% |
BITU Proshares Ultra Bitcoin ETF | -57.36% | -37.07% | 41.85% |
Correlation
The correlation between NOBL and BITU is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.16 |
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Return for Risk
NOBL vs. BITU — Risk / Return Rank
NOBL
BITU
NOBL vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and Proshares Ultra Bitcoin ETF (BITU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOBL | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.82 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | -0.93 | +2.71 |
| Martin ratioReturn relative to average drawdown | 4.49 | -1.30 | +5.80 |
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Drawdowns
NOBL vs. BITU - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, smaller than the maximum BITU drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for NOBL and BITU.
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Drawdown Indicators
| NOBL | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -83.45% | +48.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -83.45% | +74.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.43% | — | — |
Current DrawdownCurrent decline from peak | -1.73% | -80.93% | +79.20% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -37.68% | +34.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 59.52% | -55.93% |
Volatility
NOBL vs. BITU - Volatility Comparison
The current volatility for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is 4.72%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 17.53%. This indicates that NOBL experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOBL | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 17.53% | -12.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 68.01% | -58.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.92% | 88.40% | -76.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 96.01% | -81.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 96.01% | -79.37% |
NOBL vs. BITU - Expense Ratio Comparison
NOBL has a 0.35% expense ratio, which is lower than BITU's 0.95% expense ratio.
Dividends
NOBL vs. BITU - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.03%, less than BITU's 80.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 80.48% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.03% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
Frequently Asked Questions
NOBL and BITU have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (17.53%) compared to NOBL (4.72%). In terms of maximum drawdown, NOBL dropped -35.43% vs BITU's -83.45%.
On 1-year performance, NOBL leads with 16.10% vs -77.50% for BITU. On fees, NOBL is cheaper at 0.35% per year. On volatility, NOBL has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NOBL has performed better with a 16.10% return vs -77.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NOBL is cheaper with a 0.35% expense ratio, compared with 0.95% for BITU.
BITU has the higher dividend yield at 80.48%, compared with 2.03% for NOBL.
NOBL is categorized as Dividend, while BITU is Cryptocurrency. NOBL tracks S&P 500 Dividend Aristocrats Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 0.35% for NOBL and 0.95% for BITU.
NOBL currently has the higher Sharpe Ratio (1.36 vs -0.88), 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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