RXD vs. BITU

Last updated Jun 5, 2026

RXD (ProShares UltraShort Health Care) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - RXD is a Leveraged Equities fund tracking the DJ Global United States (All) / Health Care -IND (-200%), while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, RXD returned -22.97% vs -73.89% for BITU. At a correlation of -0.11, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

RXD vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Health Care (RXD) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RXD achieves a 4.25% return, which is significantly higher than BITU's -55.56% return.

RXD

• 1D: -5.76%
• 1M: -8.56%
• YTD: 4.25%
• 6M: 2.28%
• 1Y: -22.97%
• 3Y*: -6.72%
• 5Y*: -7.99%
• 10Y*: -19.08%

BITU

• 1D: -5.61%
• 1M: -40.78%
• YTD: -55.56%
• 6M: -61.06%
• 1Y: -73.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RXD vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RXD ProShares UltraShort Health Care	4.25%	-21.66%	14.94%
BITU Proshares Ultra Bitcoin ETF	-55.56%	-37.07%	37.90%

Correlation

The correlation between RXD and BITU 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 (All Time) Calculated using the full available price history since Apr 3, 2024	-0.11

Return for Risk

RXD vs. BITU — Risk / Return Rank

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

RXD

RXD Risk / Return Rank: 3
RXD Sharpe Ratio Rank: 3
RXD Sortino Ratio Rank: 3
RXD Omega Ratio Rank: 3
RXD Calmar Ratio Rank: 3
RXD Martin Ratio Rank: 4

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 3
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

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.

RXD vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) and Proshares Ultra Bitcoin ETF (BITU). 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.

	RXD	BITU	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	-0.85	+0.08
Sortino ratio: Return per unit of downside risk	-0.93	-1.48	+0.55
Omega ratio: Gain probability vs. loss probability	0.89	0.84	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.67	-0.92	+0.26
Martin ratio: Return relative to average drawdown	-1.04	-1.48	+0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RXD vs. BITU - Sharpe Ratio Comparison

The current RXD Sharpe Ratio is -0.77, which is comparable to the BITU Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of RXD and BITU, 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

	RXD	BITU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.77	-0.85	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.65	-0.37	-0.29

Drawdowns

RXD vs. BITU - Drawdown Comparison

The maximum RXD drawdown since its inception was -99.65%, which is greater than BITU's maximum drawdown of -80.13%. Use the drawdown chart below to compare losses from any high point for RXD and BITU.

Drawdown Indicators

	RXD	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-99.65%	-80.13%	-19.52%
Max Drawdown (1Y) Largest decline over 1 year	-34.63%	-80.13%	+45.50%
Max Drawdown (3Y) Largest decline over 3 years	-36.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.64%	—	—
Current Drawdown Current decline from peak	-99.61%	-80.13%	-19.48%
Average Drawdown Average peak-to-trough decline	-81.88%	-34.58%	-47.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.14%	50.09%	-27.95%

Volatility

RXD vs. BITU - Volatility Comparison

The current volatility for ProShares UltraShort Health Care (RXD) is 10.19%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 18.31%. This indicates that RXD experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RXD	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	18.31%	-8.12%
Volatility (6M) Calculated over the trailing 6-month period	21.87%	68.43%	-46.56%
Volatility (1Y) Calculated over the trailing 1-year period	30.03%	87.07%	-57.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.85%	97.43%	-67.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.00%	97.43%	-64.43%

RXD vs. BITU - Expense Ratio Comparison

Both RXD and BITU have an expense ratio of 0.95%.

Dividends

RXD vs. BITU - Dividend Comparison

RXD's dividend yield for the trailing twelve months is around 2.69%, less than BITU's 88.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITU Proshares Ultra Bitcoin ETF	88.31%	50.23%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RXD ProShares UltraShort Health Care	2.69%	3.29%	4.36%	3.17%	0.67%	0.00%	0.17%	1.73%	0.22%

Frequently Asked Questions

Can I hold both RXD and BITU in my portfolio?

RXD and BITU 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.

Which is riskier, RXD or BITU?

BITU has higher volatility (18.31%) compared to RXD (10.19%). In terms of maximum drawdown, RXD dropped -99.65% vs BITU's -80.13%.

Which ETF is better, RXD or BITU?

On 1-year performance, RXD leads with -22.97% vs -73.89% for BITU. Both ETFs have the same 0.95% expense ratio. On volatility, RXD has been the lower-risk option at 10.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RXD or BITU?

Over the 1-year period, RXD has performed better with a -22.97% return vs -73.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RXD or BITU?

RXD and BITU have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, RXD or BITU?

BITU has the higher dividend yield at 88.31%, compared with 2.69% for RXD.

What is the main difference between RXD and BITU?

RXD is categorized as Leveraged Equities, while BITU is Cryptocurrency. RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

RXD currently has the higher Sharpe Ratio (-0.77 vs -0.85), 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.