REGL vs. BITO
REGL (ProShares S&P MidCap 400 Dividend Aristocrats ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - REGL is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Dividend Aristocrats Index, while BITO is a Cryptocurrency fund actively managed by ProShares. REGL is passively managed, while BITO is actively managed. Over the past 3 years, REGL returned 11.87%/yr vs 20.79%/yr for BITO. At a 0.28 correlation, their price movements are largely independent. REGL charges 0.40%/yr vs 0.95%/yr for BITO.
Performance
REGL vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, REGL achieves a 10.33% return, which is significantly higher than BITO's -27.52% return.
REGL
- 1D
- -0.28%
- 1M
- 1.99%
- 6M
- 6.64%
- YTD
- 10.33%
- 1Y
- 12.11%
- 3Y*
- 11.87%
- 5Y*
- 7.77%
- 10Y*
- 9.34%
BITO
- 1D
- 3.67%
- 1M
- 1.29%
- 6M
- -32.82%
- YTD
- -27.52%
- 1Y
- -48.25%
- 3Y*
- 20.79%
- 5Y*
- —
- 10Y*
- —
REGL vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF | 10.33% | 6.89% | 12.26% | 5.41% | -0.62% | 5.75% |
BITO ProShares Bitcoin Strategy ETF | -27.52% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between REGL and BITO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.28 |
The correlation between REGL and BITO shifts across timeframes, from 0.16 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
REGL vs. BITO — Risk / Return Rank
REGL
BITO
REGL vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) 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.
| REGL | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.81 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.89 | +2.15 |
| Martin ratioReturn relative to average drawdown | 3.91 | -1.44 | +5.35 |
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Drawdowns
REGL vs. BITO - Drawdown Comparison
The maximum REGL drawdown since its inception was -36.37%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for REGL and BITO.
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Drawdown Indicators
| REGL | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.37% | -77.86% | +41.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -54.47% | +44.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.96% | -54.47% | +37.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.37% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -50.01% | +49.31% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -37.04% | +32.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 33.62% | -30.51% |
Volatility
REGL vs. BITO - Volatility Comparison
The current volatility for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is 3.43%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 11.44%. This indicates that REGL 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.
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Volatility by Period
| REGL | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 11.44% | -8.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 34.70% | -25.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 44.20% | -31.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 54.84% | -38.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 54.84% | -36.55% |
REGL vs. BITO - Expense Ratio Comparison
REGL has a 0.40% expense ratio, which is lower than BITO's 0.95% expense ratio.
Dividends
REGL vs. BITO - Dividend Comparison
REGL's dividend yield for the trailing twelve months is around 2.21%, less than BITO's 60.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 60.04% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF | 2.21% | 2.32% | 2.28% | 2.40% | 2.32% | 2.50% | 2.41% | 1.96% | 2.09% | 1.63% | 1.20% | 1.66% |
Frequently Asked Questions
REGL and BITO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (11.44%) compared to REGL (3.43%). In terms of maximum drawdown, REGL dropped -36.37% vs BITO's -77.86%.
On 3-year performance, BITO leads with 20.79% vs 11.87% for REGL. On fees, REGL is cheaper at 0.40% per year. On volatility, REGL has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITO has performed better with a 20.79% return vs 11.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REGL is cheaper with a 0.40% expense ratio, compared with 0.95% for BITO.
BITO has the higher dividend yield at 60.04%, compared with 2.21% for REGL.
REGL is categorized as Mid Cap Value Equities, while BITO is Cryptocurrency. Their fees differ too: 0.40% for REGL and 0.95% for BITO.
REGL currently has the higher Sharpe Ratio (0.93 vs -1.10), 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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