RINF vs. BITO

Last updated Jun 4, 2026

RINF (ProShares Inflation Expectations ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - RINF is a Inflation-Protected Bonds fund tracking the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while BITO is a Cryptocurrency fund actively managed by ProShares. RINF is passively managed, while BITO is actively managed. Over the past 3 years, RINF returned 4.84%/yr vs 25.27%/yr for BITO. At a 0.11 correlation, their price movements are largely independent. RINF charges 0.30%/yr vs 0.95%/yr for BITO.

Performance

RINF vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Inflation Expectations ETF (RINF) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RINF achieves a 2.37% return, which is significantly higher than BITO's -26.37% return.

RINF

• 1D: -0.07%
• 1M: 0.43%
• YTD: 2.37%
• 6M: 3.08%
• 1Y: 2.48%
• 3Y*: 4.84%
• 5Y*: 5.43%
• 10Y*: 4.69%

BITO

• 1D: -2.94%
• 1M: -18.61%
• YTD: -26.37%
• 6M: -30.81%
• 1Y: -41.01%
• 3Y*: 25.27%
• 5Y*: —
• 10Y*: —

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

RINF vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RINF ProShares Inflation Expectations ETF	2.37%	1.64%	9.79%	0.21%	8.77%	1.30%
BITO ProShares Bitcoin Strategy ETF	-26.37%	-11.19%	104.45%	137.33%	-63.91%	-31.09%

Correlation

The correlation between RINF and BITO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021	0.11

RINF vs. BITO - Sectors Allocation Comparison

Sectors	RINF	BITO
Financial Services	76.3%	68.5%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

RINF vs. BITO — Risk / Return Rank

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

RINF

RINF Risk / Return Rank: 18
RINF Sharpe Ratio Rank: 17
RINF Sortino Ratio Rank: 16
RINF Omega Ratio Rank: 16
RINF Calmar Ratio Rank: 21
RINF Martin Ratio Rank: 18

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 2
BITO Sortino Ratio Rank: 2
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO 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.

RINF vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) 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.

	RINF	BITO	Difference
Sharpe ratio: Return per unit of total volatility	0.56	-0.95	+1.50
Sortino ratio: Return per unit of downside risk	0.82	-1.35	+2.17
Omega ratio: Gain probability vs. loss probability	1.10	0.85	+0.25
Calmar ratio: Return relative to maximum drawdown	0.96	-0.82	+1.78
Martin ratio: Return relative to average drawdown	1.83	-1.41	+3.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RINF vs. BITO - Sharpe Ratio Comparison

The current RINF Sharpe Ratio is 0.56, which is higher than the BITO Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of RINF and BITO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RINF	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	-0.95	+1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	-0.09	+0.17

Drawdowns

RINF vs. BITO - Drawdown Comparison

The maximum RINF drawdown since its inception was -43.51%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for RINF and BITO.

Drawdown Indicators

	RINF	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-43.51%	-77.86%	+34.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-50.05%	+47.45%
Max Drawdown (3Y) Largest decline over 3 years	-9.62%	-50.05%	+40.43%
Max Drawdown (5Y) Largest decline over 5 years	-13.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.18%	—	—
Current Drawdown Current decline from peak	-0.66%	-49.22%	+48.56%
Average Drawdown Average peak-to-trough decline	-16.45%	-36.73%	+20.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	29.09%	-27.72%

Volatility

RINF vs. BITO - Volatility Comparison

The current volatility for ProShares Inflation Expectations ETF (RINF) is 1.19%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 9.43%. This indicates that RINF 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.

Volatility by Period

	RINF	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	9.43%	-8.24%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	34.26%	-31.49%
Volatility (1Y) Calculated over the trailing 1-year period	4.49%	43.57%	-39.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	55.11%	-42.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	55.11%	-42.54%

RINF vs. BITO - Expense Ratio Comparison

RINF has a 0.30% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

RINF vs. BITO - Dividend Comparison

RINF's dividend yield for the trailing twelve months is around 3.70%, less than BITO's 67.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITO ProShares Bitcoin Strategy ETF	67.63%	78.29%	61.59%	15.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RINF ProShares Inflation Expectations ETF	3.70%	3.89%	4.68%	5.07%	1.15%	2.76%	0.82%	1.90%	2.47%	2.99%	1.09%	1.83%

Frequently Asked Questions

Can I hold both RINF and BITO in my portfolio?

RINF and BITO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RINF or BITO?

BITO has higher volatility (9.43%) compared to RINF (1.19%). In terms of maximum drawdown, RINF dropped -43.51% vs BITO's -77.86%.

Which ETF is better, RINF or BITO?

On 3-year performance, BITO leads with 25.27% vs 4.84% for RINF. On fees, RINF is cheaper at 0.30% per year. On volatility, RINF has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RINF or BITO?

Over the 3-year period, BITO has performed better with a 25.27% return vs 4.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RINF or BITO?

RINF is cheaper with a 0.30% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, RINF or BITO?

BITO has the higher dividend yield at 67.63%, compared with 3.70% for RINF.

What is the main difference between RINF and BITO?

RINF is categorized as Inflation-Protected Bonds, while BITO is Cryptocurrency. Their fees differ too: 0.30% for RINF and 0.95% for BITO.

Which has better risk-adjusted returns?

RINF currently has the higher Sharpe Ratio (0.56 vs -0.94), 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.