REPYY vs. BITO
REPYY (Repsol SA) is a stock, while BITO (ProShares Bitcoin Strategy ETF) is Cryptocurrency fund actively managed by ProShares. Over the past 3 years, REPYY returned 29.28%/yr vs 18.00%/yr for BITO. At a 0.15 correlation, their price movements are largely independent.
Performance
REPYY vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, REPYY achieves a 37.45% return, which is significantly higher than BITO's -29.93% return.
REPYY
- 1D
- 0.08%
- 1M
- -3.94%
- YTD
- 37.45%
- 6M
- 37.37%
- 1Y
- 84.58%
- 3Y*
- 29.28%
- 5Y*
- 20.20%
- 10Y*
- 14.23%
BITO
- 1D
- -3.31%
- 1M
- -18.05%
- YTD
- -29.93%
- 6M
- -30.03%
- 1Y
- -42.09%
- 3Y*
- 18.00%
- 5Y*
- —
- 10Y*
- —
REPYY vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REPYY Repsol SA | 37.45% | 66.69% | -13.03% | -2.01% | 41.58% | -11.51% |
BITO ProShares Bitcoin Strategy ETF | -29.93% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between REPYY and BITO is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.15 |
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Return for Risk
REPYY vs. BITO — Risk / Return Rank
REPYY
BITO
REPYY vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Repsol SA (REPYY) 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.
| REPYY | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.81 | ||
| Sortino ratioReturn per unit of downside risk | +4.61 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.85 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 4.91 | -0.80 | +5.71 |
| Martin ratioReturn relative to average drawdown | 15.02 | -1.35 | +16.36 |
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Drawdowns
REPYY vs. BITO - Drawdown Comparison
The maximum REPYY drawdown since its inception was -65.56%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for REPYY and BITO.
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Drawdown Indicators
| REPYY | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.56% | -77.86% | +12.30% |
Max Drawdown (1Y)Largest decline over 1 year | -17.30% | -53.10% | +35.80% |
Max Drawdown (3Y)Largest decline over 3 years | -34.63% | -53.10% | +18.47% |
Max Drawdown (5Y)Largest decline over 5 years | -35.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.56% | — | — |
Current DrawdownCurrent decline from peak | -12.78% | -51.67% | +38.89% |
Average DrawdownAverage peak-to-trough decline | -15.95% | -36.86% | +20.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.65% | 31.28% | -25.63% |
Volatility
REPYY vs. BITO - Volatility Comparison
The current volatility for Repsol SA (REPYY) is 8.77%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.79%. This indicates that REPYY 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
| REPYY | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.77% | 12.79% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 25.63% | 34.39% | -8.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.89% | 44.08% | -14.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.50% | 55.02% | -26.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.98% | 55.02% | -23.04% |
Dividends
REPYY vs. BITO - Dividend Comparison
REPYY's dividend yield for the trailing twelve months is around 4.67%, less than BITO's 71.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 71.07% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REPYY Repsol SA | 4.67% | 5.69% | 8.07% | 5.03% | 4.22% | 2.41% | 8.21% | 8.35% | 2.97% | 4.31% | 3.89% |
Frequently Asked Questions
REPYY and BITO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (12.79%) compared to REPYY (8.77%). In terms of maximum drawdown, REPYY dropped -65.56% vs BITO's -77.86%.
REPYY currently has the higher Sharpe Ratio (2.85 vs -0.96), 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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