PST vs. BITO
Compare and contrast key facts about ProShares UltraShort 7-10 Year Treasury (PST) and ProShares Bitcoin Strategy ETF (BITO).
PST and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
PST vs. BITO - Performance Comparison
Loading graphics...
PST vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 2.06% | -4.42% | 12.27% | 3.17% | 38.55% | -2.84% |
BITO ProShares Bitcoin Strategy ETF | -23.25% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, PST achieves a 2.06% return, which is significantly higher than BITO's -23.25% return.
PST
- 1D
- -0.23%
- 1M
- 5.54%
- YTD
- 2.06%
- 6M
- 2.99%
- 1Y
- 1.28%
- 3Y*
- 6.13%
- 5Y*
- 7.99%
- 10Y*
- 1.99%
BITO
- 1D
- 1.75%
- 1M
- 2.92%
- YTD
- -23.25%
- 6M
- -41.96%
- 1Y
- -21.48%
- 3Y*
- 24.62%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PST vs. BITO - Expense Ratio Comparison
Both PST and BITO have an expense ratio of 0.95%.
Return for Risk
PST vs. BITO — Risk / Return Rank
PST
BITO
PST vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) 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.
| PST | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | -0.48 | +0.58 |
Sortino ratioReturn per unit of downside risk | 0.24 | -0.43 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.95 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.46 | +0.56 |
Martin ratioReturn relative to average drawdown | 0.16 | -0.97 | +1.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PST | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | -0.48 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | -0.08 | -0.31 |
Correlation
The correlation between PST and BITO is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PST vs. BITO - Dividend Comparison
PST's dividend yield for the trailing twelve months is around 3.16%, less than BITO's 84.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 3.16% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% |
BITO ProShares Bitcoin Strategy ETF | 84.71% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PST vs. BITO - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, roughly equal to the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for PST and BITO.
Loading graphics...
Drawdown Indicators
| PST | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.25% | -77.86% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.22% | -50.05% | +41.83% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | — | — |
Current DrawdownCurrent decline from peak | -64.99% | -47.07% | -17.92% |
Average DrawdownAverage peak-to-trough decline | -61.45% | -36.56% | -24.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 23.55% | -18.54% |
Volatility
PST vs. BITO - Volatility Comparison
The current volatility for ProShares UltraShort 7-10 Year Treasury (PST) is 3.88%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.89%. This indicates that PST experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PST | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 12.89% | -9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 36.69% | -30.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 45.35% | -33.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 55.79% | -40.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.33% | 55.79% | -42.46% |