SCC vs. BITO

Last updated Jul 14, 2026

SCC (ProShares UltraShort Consumer Services) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - SCC is a Leveraged Equities fund tracking the DJ Global United States (All) / Consumer Services -IND (-200%), while BITO is a Cryptocurrency fund actively managed by ProShares. SCC is passively managed, while BITO is actively managed. Over the past 3 years, SCC returned -19.74%/yr vs 19.35%/yr for BITO. At a correlation of -0.42, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

SCC vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Consumer Services (SCC) 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, SCC achieves a 4.54% return, which is significantly higher than BITO's -30.09% return.

SCC

• 1D: 2.55%
• 1M: 0.54%
• 6M: 13.40%
• YTD: 4.54%
• 1Y: -10.09%
• 3Y*: -19.74%
• 5Y*: -13.89%
• 10Y*: -24.49%

BITO

• 1D: -2.65%
• 1M: -2.30%
• 6M: -33.01%
• YTD: -30.09%
• 1Y: -49.36%
• 3Y*: 19.35%
• 5Y*: —
• 10Y*: —

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

SCC vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCC ProShares UltraShort Consumer Services	4.54%	-18.97%	-36.01%	-44.34%	64.09%	-1.59%
BITO ProShares Bitcoin Strategy ETF	-30.09%	-11.19%	104.45%	137.33%	-63.91%	-29.31%

Correlation

The correlation between SCC and BITO is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.39
Correlation (3Y) Calculated over the trailing 3-year period	-0.37
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021	-0.42

Return for Risk

SCC vs. BITO — Risk / Return Rank

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

SCC

SCC Risk / Return Rank: 7
SCC Sharpe Ratio Rank: 7
SCC Sortino Ratio Rank: 7
SCC Omega Ratio Rank: 7
SCC Calmar Ratio Rank: 6
SCC Martin Ratio Rank: 6

BITO

BITO Risk / Return Rank: 1
BITO Sharpe Ratio Rank: 1
BITO Sortino Ratio Rank: 1
BITO Omega Ratio Rank: 1
BITO Calmar Ratio Rank: 1
BITO 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.

SCC vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) 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.

	SCC	BITO	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	-1.12	+0.85
Sortino ratio: Return per unit of downside risk	-0.14	-1.77	+1.63
Omega ratio: Gain probability vs. loss probability	0.98	0.81	+0.18
Calmar ratio: Return relative to maximum drawdown	-0.40	-0.91	+0.51
Martin ratio: Return relative to average drawdown	-0.62	-1.48	+0.86

SCC vs. BITO - Sharpe Ratio Comparison

The current SCC Sharpe Ratio is -0.27, which is higher than the BITO Sharpe Ratio of -1.12. The chart below compares the historical Sharpe Ratios of SCC 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.

Drawdowns

SCC vs. BITO - Drawdown Comparison

The maximum SCC drawdown since its inception was -99.92%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for SCC and BITO.

Drawdown Indicators

	SCC	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-99.92%	-77.86%	-22.06%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-54.47%	+28.93%
Max Drawdown (3Y) Largest decline over 3 years	-67.10%	-54.47%	-12.63%
Max Drawdown (5Y) Largest decline over 5 years	-77.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-95.14%	—	—
Current Drawdown Current decline from peak	-99.90%	-51.78%	-48.12%
Average Drawdown Average peak-to-trough decline	-86.01%	-37.03%	-48.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.44%	33.47%	-17.03%

Volatility

SCC vs. BITO - Volatility Comparison

ProShares UltraShort Consumer Services (SCC) has a higher volatility of 12.93% compared to ProShares Bitcoin Strategy ETF (BITO) at 11.12%. This indicates that SCC'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.

Volatility by Period

	SCC	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.93%	11.12%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	28.47%	34.48%	-6.01%
Volatility (1Y) Calculated over the trailing 1-year period	37.42%	44.12%	-6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.33%	54.84%	-10.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.48%	54.84%	-15.36%

SCC vs. BITO - Expense Ratio Comparison

Both SCC and BITO have an expense ratio of 0.95%.

Dividends

SCC vs. BITO - Dividend Comparison

SCC's dividend yield for the trailing twelve months is around 3.44%, less than BITO's 62.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITO ProShares Bitcoin Strategy ETF	62.24%	78.29%	61.59%	15.14%	0.00%	0.00%	0.00%	0.00%	0.00%
SCC ProShares UltraShort Consumer Services	3.44%	4.87%	7.46%	4.53%	0.53%	0.00%	0.06%	2.67%	0.86%

Frequently Asked Questions

Can I hold both SCC and BITO in my portfolio?

SCC and BITO have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCC or BITO?

SCC has higher volatility (12.93%) compared to BITO (11.12%). In terms of maximum drawdown, SCC dropped -99.92% vs BITO's -77.86%.

Which ETF is better, SCC or BITO?

On 3-year performance, BITO leads with 19.35% vs -19.74% for SCC. Both ETFs have the same 0.95% expense ratio. On volatility, BITO has been the lower-risk option at 11.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCC or BITO?

Over the 3-year period, BITO has performed better with a 19.35% return vs -19.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCC or BITO?

SCC and BITO have the same expense ratio: 0.95% per year.

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

BITO has the higher dividend yield at 62.24%, compared with 3.44% for SCC.

What is the main difference between SCC and BITO?

SCC is categorized as Leveraged Equities, while BITO is Cryptocurrency.

Which has better risk-adjusted returns?

SCC currently has the higher Sharpe Ratio (-0.27 vs -1.12), 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.