NVDA vs. BITO
NVDA (NVIDIA Corporation) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, NVDA returned 70.84%/yr vs 27.40%/yr for BITO. At a 0.36 correlation, their price movements are largely independent.
Performance
NVDA vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, NVDA achieves a 14.05% return, which is significantly higher than BITO's -25.13% return.
NVDA
- 1D
- 3.54%
- 1M
- -5.60%
- YTD
- 14.05%
- 6M
- 20.66%
- 1Y
- 49.84%
- 3Y*
- 70.84%
- 5Y*
- 64.29%
- 10Y*
- 68.59%
BITO
- 1D
- 4.62%
- 1M
- -16.16%
- YTD
- -25.13%
- 6M
- -23.76%
- 1Y
- -39.30%
- 3Y*
- 27.40%
- 5Y*
- —
- 10Y*
- —
NVDA vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 14.05% | 38.92% | 171.25% | 239.02% | -50.26% | 32.37% |
BITO ProShares Bitcoin Strategy ETF | -25.13% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between NVDA and BITO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.36 |
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Return for Risk
NVDA vs. BITO — Risk / Return Rank
NVDA
BITO
NVDA vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation (NVDA) 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.
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.
| NVDA | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.86 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | -0.74 | +3.22 |
| Martin ratioReturn relative to average drawdown | 5.89 | -1.29 | +7.18 |
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Drawdowns
NVDA vs. BITO - Drawdown Comparison
The maximum NVDA drawdown since its inception was -89.72%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for NVDA and BITO.
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Drawdown Indicators
| NVDA | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.72% | -77.86% | -11.86% |
Max Drawdown (1Y)Largest decline over 1 year | -20.21% | -53.10% | +32.89% |
Max Drawdown (3Y)Largest decline over 3 years | -36.88% | -53.10% | +16.22% |
Max Drawdown (5Y)Largest decline over 5 years | -66.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.34% | — | — |
Current DrawdownCurrent decline from peak | -9.77% | -48.36% | +38.59% |
Average DrawdownAverage peak-to-trough decline | -36.17% | -36.80% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 30.47% | -21.99% |
Volatility
NVDA vs. BITO - Volatility Comparison
NVIDIA Corporation (NVDA) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 12.97% and 12.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDA | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 12.59% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 26.83% | 34.54% | -7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.13% | 44.17% | -9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.80% | 55.08% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.87% | 55.08% | -5.21% |
Dividends
NVDA vs. BITO - Dividend Comparison
NVDA's dividend yield for the trailing twelve months is around 0.13%, less than BITO's 66.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 66.51% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.13% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Frequently Asked Questions
NVDA and BITO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDA has higher volatility (12.97%) compared to BITO (12.59%). In terms of maximum drawdown, NVDA dropped -89.72% vs BITO's -77.86%.
NVDA currently has the higher Sharpe Ratio (1.43 vs -0.89), 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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