NVDB vs. BITU

Last updated Jul 12, 2026

NVDB (ProShares Ultra NVDA) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - NVDB is a Leveraged Equities fund tracking the NVIDIA Corporation, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

NVDB vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra NVDA (NVDB) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDB achieves a 11.22% return, which is significantly higher than BITU's -56.63% return.

NVDB

• 1D: 7.86%
• 1M: 3.62%
• 6M: 13.85%
• YTD: 11.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITU

• 1D: 2.15%
• 1M: -1.49%
• 6M: -58.84%
• YTD: -56.63%
• 1Y: -79.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDB vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025
NVDB ProShares Ultra NVDA	11.22%	1.98%
BITU Proshares Ultra Bitcoin ETF	-56.63%	-44.30%

Correlation

The correlation between NVDB and BITU is 0.33, 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 10, 2025	0.33

Return for Risk

NVDB vs. BITU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BITU

BITU Risk / Return Rank: 1
BITU Sharpe Ratio Rank: 2
BITU Sortino Ratio Rank: 1
BITU Omega Ratio Rank: 1
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDB vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) 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.

	NVDB	BITU	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.88	—
Sortino ratio: Return per unit of downside risk	—	-1.66	—
Omega ratio: Gain probability vs. loss probability	—	0.82	—
Calmar ratio: Return relative to maximum drawdown	—	-0.93	—
Martin ratio: Return relative to average drawdown	—	-1.39	—

Drawdowns

NVDB vs. BITU - Drawdown Comparison

The maximum NVDB drawdown since its inception was -42.89%, smaller than the maximum BITU drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for NVDB and BITU.

Drawdown Indicators

	NVDB	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-42.89%	-83.45%	+40.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-83.45%	—
Current Drawdown Current decline from peak	-23.47%	-80.60%	+57.13%
Average Drawdown Average peak-to-trough decline	-19.82%	-36.48%	+16.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	55.98%	—

Volatility

Volatility by Period

	NVDB	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	69.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.49%	88.43%	-14.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.49%	96.88%	-23.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.49%	96.88%	-23.39%

NVDB vs. BITU - Expense Ratio Comparison

Both NVDB and BITU have an expense ratio of 0.95%.

Dividends

NVDB vs. BITU - Dividend Comparison

NVDB's dividend yield for the trailing twelve months is around 1.45%, less than BITU's 88.93% yield.

Position	TTM	2025	2024
BITU Proshares Ultra Bitcoin ETF	88.93%	50.23%	0.12%
NVDB ProShares Ultra NVDA	1.45%	0.55%	0.00%

Frequently Asked Questions

Can I hold both NVDB and BITU in my portfolio?

NVDB and BITU have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDB or BITU?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDB or BITU?

NVDB and BITU have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, NVDB or BITU?

BITU has the higher dividend yield at 88.93%, compared with 1.45% for NVDB.

What is the main difference between NVDB and BITU?

NVDB is categorized as Leveraged Equities, while BITU is Cryptocurrency. NVDB tracks NVIDIA Corporation, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross.