RXL vs. BITU
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and Proshares Ultra Bitcoin ETF (BITU).
RXL and BITU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. Both RXL and BITU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RXL vs. BITU - Performance Comparison
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RXL vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RXL ProShares Ultra Health Care | -9.67% | 19.76% | -11.94% |
BITU Proshares Ultra Bitcoin ETF | -46.65% | -37.07% | 37.90% |
Returns By Period
In the year-to-date period, RXL achieves a -9.67% return, which is significantly higher than BITU's -46.65% return.
RXL
- 1D
- 1.75%
- 1M
- -12.90%
- YTD
- -9.67%
- 6M
- 4.12%
- 1Y
- 0.69%
- 3Y*
- 4.08%
- 5Y*
- 4.05%
- 10Y*
- 12.77%
BITU
- 1D
- 0.89%
- 1M
- -5.67%
- YTD
- -46.65%
- 6M
- -72.88%
- 1Y
- -55.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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RXL vs. BITU - Expense Ratio Comparison
Both RXL and BITU have an expense ratio of 0.95%.
Return for Risk
RXL vs. BITU — Risk / Return Rank
RXL
BITU
RXL vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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.
| RXL | BITU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | -0.61 | +0.63 |
Sortino ratioReturn per unit of downside risk | 0.28 | -0.59 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.93 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | -0.10 | -0.67 | +0.57 |
Martin ratioReturn relative to average drawdown | -0.19 | -1.29 | +1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RXL | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | -0.61 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | -0.32 | +0.73 |
Correlation
The correlation between RXL and BITU is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RXL vs. BITU - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.61%, less than BITU's 78.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.61% | 1.43% | 1.22% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% |
BITU Proshares Ultra Bitcoin ETF | 78.08% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RXL vs. BITU - Drawdown Comparison
The maximum RXL drawdown since its inception was -67.70%, smaller than the maximum BITU drawdown of -77.76%. Use the drawdown chart below to compare losses from any high point for RXL and BITU.
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Drawdown Indicators
| RXL | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.70% | -77.76% | +10.06% |
Max Drawdown (1Y)Largest decline over 1 year | -22.73% | -77.76% | +55.03% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | — | — |
Current DrawdownCurrent decline from peak | -17.90% | -76.14% | +58.24% |
Average DrawdownAverage peak-to-trough decline | -15.82% | -31.36% | +15.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.68% | 40.50% | -28.82% |
Volatility
RXL vs. BITU - Volatility Comparison
The current volatility for ProShares Ultra Health Care (RXL) is 9.47%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 26.02%. This indicates that RXL 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.
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Volatility by Period
| RXL | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.47% | 26.02% | -16.55% |
Volatility (6M)Calculated over the trailing 6-month period | 20.60% | 74.12% | -53.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.51% | 90.32% | -54.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.34% | 99.57% | -70.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.19% | 99.57% | -66.38% |