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RIOT vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between RIOT and BITO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.7

Performance

RIOT vs. BITO - Performance Comparison

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

-80.00%-60.00%-40.00%-20.00%0.00%20.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
-62.54%
25.98%
RIOT
BITO

Key characteristics

Sharpe Ratio

RIOT:

-0.31

BITO:

1.82

Sortino Ratio

RIOT:

0.14

BITO:

2.47

Omega Ratio

RIOT:

1.02

BITO:

1.29

Calmar Ratio

RIOT:

-0.30

BITO:

2.22

Martin Ratio

RIOT:

-0.67

BITO:

7.75

Ulcer Index

RIOT:

44.17%

BITO:

13.51%

Daily Std Dev

RIOT:

95.18%

BITO:

57.57%

Max Drawdown

RIOT:

-99.98%

BITO:

-77.86%

Current Drawdown

RIOT:

-99.64%

BITO:

-9.85%

Returns By Period

In the year-to-date period, RIOT achieves a -25.34% return, which is significantly lower than BITO's 113.45% return.


RIOT

YTD

-25.34%

1M

-4.94%

6M

20.94%

1Y

-31.04%

5Y*

54.19%

10Y*

-0.25%

BITO

YTD

113.45%

1M

1.10%

6M

45.67%

1Y

103.62%

5Y*

N/A

10Y*

N/A

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Risk-Adjusted Performance

RIOT vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Riot Blockchain, Inc. (RIOT) 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.


Sharpe ratio
The chart of Sharpe ratio for RIOT, currently valued at -0.31, compared to the broader market-4.00-2.000.002.00-0.311.82
The chart of Sortino ratio for RIOT, currently valued at 0.14, compared to the broader market-4.00-2.000.002.004.000.142.47
The chart of Omega ratio for RIOT, currently valued at 1.02, compared to the broader market0.501.001.502.001.021.29
The chart of Calmar ratio for RIOT, currently valued at -0.35, compared to the broader market0.002.004.006.00-0.352.22
The chart of Martin ratio for RIOT, currently valued at -0.67, compared to the broader market-5.000.005.0010.0015.0020.0025.00-0.677.75
RIOT
BITO

The current RIOT Sharpe Ratio is -0.31, which is lower than the BITO Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of RIOT and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.31
1.82
RIOT
BITO

Dividends

RIOT vs. BITO - Dividend Comparison

RIOT has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 52.26%.


TTM2023202220212020201920182017
RIOT
Riot Blockchain, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.52%
BITO
ProShares Bitcoin Strategy ETF
52.26%15.14%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

RIOT vs. BITO - Drawdown Comparison

The maximum RIOT drawdown since its inception was -99.98%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for RIOT and BITO. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-73.86%
-9.85%
RIOT
BITO

Volatility

RIOT vs. BITO - Volatility Comparison

Riot Blockchain, Inc. (RIOT) has a higher volatility of 31.79% compared to ProShares Bitcoin Strategy ETF (BITO) at 16.28%. This indicates that RIOT'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.


5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
31.79%
16.28%
RIOT
BITO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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