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 35.35%/yr vs 21.20%/yr for BITO. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
REPYY vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, REPYY achieves a 73.12% return, which is significantly higher than BITO's -29.42% return.
REPYY
- 1D
- -0.94%
- 1M
- 21.33%
- 6M
- 60.18%
- YTD
- 73.12%
- 1Y
- 114.88%
- 3Y*
- 35.35%
- 5Y*
- 30.29%
- 10Y*
- 16.06%
- ALL TIME*
- 16.68%
BITO
- 1D
- -2.85%
- 1M
- 2.16%
- 6M
- -26.02%
- YTD
- -29.42%
- 1Y
- -46.40%
- 3Y*
- 21.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -5.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.89B | $2.63B | $2.08B | |
REPYY Repsol SA | $2.72M | $2.66M | $2.90M |
REPYY vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REPYY Repsol SA | 73.12% | 66.69% | -13.03% | -2.01% | 41.58% | -11.51% |
BITO ProShares Bitcoin Strategy ETF | -29.42% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between REPYY and BITO is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
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 | +4.72 | ||
| Sortino ratioReturn per unit of downside risk | +5.62 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.81 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 6.51 | -0.89 | +7.40 |
| Martin ratioReturn relative to average drawdown | 18.58 | -1.36 | +19.94 |
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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% | -54.47% | +37.17% |
Max Drawdown (3Y)Largest decline over 3 years | -34.63% | -54.47% | +19.84% |
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 | -0.94% | -51.32% | +50.38% |
Average DrawdownAverage peak-to-trough decline | -15.84% | -37.18% | +21.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 35.48% | -29.43% |
Volatility
REPYY vs. BITO - Volatility Comparison
Repsol SA (REPYY) has a higher volatility of 9.48% compared to ProShares Bitcoin Strategy ETF (BITO) at 8.96%. This indicates that REPYY's price experiences larger fluctuations and is considered to be riskier 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 | 9.48% | 8.96% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 25.44% | 33.45% | -8.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.15% | 44.19% | -13.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.54% | 54.60% | -26.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.95% | 54.60% | -22.65% |
Dividends
REPYY vs. BITO - Dividend Comparison
REPYY's dividend yield for the trailing twelve months is around 3.98%, less than BITO's 61.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 47.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REPYY Repsol SA | 3.98% | 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 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REPYY has higher volatility (9.48%) compared to BITO (8.96%). In terms of maximum drawdown, REPYY dropped -65.56% vs BITO's -77.86%.
REPYY currently has the higher Sharpe Ratio (3.62 vs -1.09), 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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