SPXB vs. BITU

Last updated Jun 4, 2026

SPXB (ProShares S&P 500 Bond ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - SPXB is a Corporate Bonds fund tracking the S&P 500 MarketAxess Investment Grade Corporate Bond Index, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. At a 0.01 correlation, their price movements are largely independent. SPXB charges 0.15%/yr vs 0.95%/yr for BITU.

Performance

SPXB vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Bond ETF (SPXB) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPXB

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITU

• 1D: -5.58%
• 1M: -34.84%
• YTD: -52.92%
• 6M: -59.11%
• 1Y: -73.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPXB vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	-1.79%
BITU Proshares Ultra Bitcoin ETF	-52.92%	-37.07%	37.90%

Correlation

The correlation between SPXB and BITU is 0.01, 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 (All Time) Calculated using the full available price history since Apr 3, 2024	0.01

Return for Risk

SPXB vs. BITU — Risk / Return Rank

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

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 2
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.

SPXB vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Bond ETF (SPXB) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPXB	BITU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.35	—

Drawdowns

Drawdown Indicators

	SPXB	BITU	Difference
Max Drawdown Largest peak-to-trough decline	—	-78.94%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-78.94%	—
Current Drawdown Current decline from peak	—	-78.94%	—
Average Drawdown Average peak-to-trough decline	—	-34.49%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	49.84%	—

Volatility

Volatility by Period

	SPXB	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	69.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	87.00%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	97.45%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	97.45%	—

SPXB vs. BITU - Expense Ratio Comparison

SPXB has a 0.15% expense ratio, which is lower than BITU's 0.95% expense ratio.

Dividends

SPXB vs. BITU - Dividend Comparison

SPXB has not paid dividends to shareholders, while BITU's dividend yield for the trailing twelve months is around 83.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITU Proshares Ultra Bitcoin ETF	83.36%	50.23%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	1.22%	4.04%	3.14%	2.00%	2.64%	3.48%	2.52%

Frequently Asked Questions

Can I hold both SPXB and BITU in my portfolio?

SPXB and BITU have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPXB or BITU?

On fees, SPXB is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXB or BITU?

SPXB is cheaper with a 0.15% expense ratio, compared with 0.95% for BITU.

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

BITU has the higher dividend yield at 83.36%, compared with 0.00% for SPXB.

What is the main difference between SPXB and BITU?

SPXB is categorized as Corporate Bonds, while BITU is Cryptocurrency. SPXB tracks S&P 500 MarketAxess Investment Grade Corporate Bond Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 0.15% for SPXB and 0.95% for BITU.