NVDB vs. BITO
NVDB (ProShares Ultra NVDA) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - NVDB is a Leveraged Equities fund tracking the NVIDIA Corporation, while BITO is a Cryptocurrency fund actively managed by ProShares. NVDB is passively managed, while BITO is actively managed. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
NVDB vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, NVDB achieves a 8.52% return, which is significantly higher than BITO's -32.00% return.
NVDB
- 1D
- -11.96%
- 1M
- -4.46%
- YTD
- 8.52%
- 6M
- 12.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -4.97%
- 1M
- -26.17%
- YTD
- -32.00%
- 6M
- -33.58%
- 1Y
- -43.17%
- 3Y*
- 22.23%
- 5Y*
- —
- 10Y*
- —
NVDB vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDB ProShares Ultra NVDA | 8.52% | 2.15% |
BITO ProShares Bitcoin Strategy ETF | -32.00% | -23.99% |
Correlation
The correlation between NVDB and BITO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.35 |
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Return for Risk
NVDB vs. BITO — Risk / Return Rank
NVDB
BITO
NVDB vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NVDB | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.12 | +0.32 |
Drawdowns
NVDB vs. BITO - Drawdown Comparison
The maximum NVDB drawdown since its inception was -42.89%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for NVDB and BITO.
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Drawdown Indicators
| NVDB | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -77.86% | +34.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.10% | — |
Current DrawdownCurrent decline from peak | -25.33% | -53.10% | +27.77% |
Average DrawdownAverage peak-to-trough decline | -18.84% | -36.76% | +17.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 29.46% | — |
Volatility
NVDB vs. BITO - Volatility Comparison
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Volatility by Period
| NVDB | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.10% | 43.86% | +30.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.10% | 55.13% | +18.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.10% | 55.13% | +18.97% |
NVDB vs. BITO - Expense Ratio Comparison
Both NVDB and BITO have an expense ratio of 0.95%.
Dividends
NVDB vs. BITO - Dividend Comparison
NVDB's dividend yield for the trailing twelve months is around 1.00%, less than BITO's 73.23% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 73.23% | 78.29% | 61.59% | 15.14% |
NVDB ProShares Ultra NVDA | 1.00% | 0.55% | 0.00% | 0.00% |
Frequently Asked Questions
NVDB and BITO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NVDB and BITO have the same expense ratio: 0.95% per year.
BITO has the higher dividend yield at 73.23%, compared with 1.00% for NVDB.
NVDB is categorized as Leveraged Equities, while BITO is Cryptocurrency.
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