SPXE vs. BITU

Last updated Jul 18, 2026

SPXE (ProShares S&P 500 Ex-Energy ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - SPXE is a S&P 500 fund tracking the S&P 500 Ex-Energy Index, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. SPXE charges 0.09%/yr vs 0.95%/yr for BITU.

Performance

SPXE vs. BITU - Performance Comparison

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

Returns By Period

SPXE

• 1D: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITU

• 1D: -0.52%
• 1M: -2.69%
• 6M: -62.99%
• YTD: -56.54%
• 1Y: -79.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPXE vs. BITU - Yearly Performance Comparison

	2026 (YTD)
SPXE ProShares S&P 500 Ex-Energy ETF	0.00%
BITU Proshares Ultra Bitcoin ETF	-0.52%

Return for Risk

SPXE vs. BITU — Risk / Return Rank

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

SPXE

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

BITU

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

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.

SPXE vs. BITU - Risk-Adjusted Trends Comparison

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

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.

	SPXE	BITU	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.90	—
Sortino ratio: Return per unit of downside risk	—	-1.80	—
Omega ratio: Gain probability vs. loss probability	—	0.80	—
Calmar ratio: Return relative to maximum drawdown	—	-0.95	—
Martin ratio: Return relative to average drawdown	—	-1.39	—

Drawdowns

SPXE vs. BITU - Drawdown Comparison

The maximum SPXE drawdown since its inception was 0.00%, smaller than the maximum BITU drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for SPXE and BITU.

Drawdown Indicators

	SPXE	BITU	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-83.45%	+83.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-83.45%	—
Current Drawdown Current decline from peak	0.00%	-80.56%	+80.56%
Average Drawdown Average peak-to-trough decline	0.00%	-36.87%	+36.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	57.11%	—

Volatility

Volatility by Period

	SPXE	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	69.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	88.06%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	96.65%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	96.65%	—

SPXE vs. BITU - Expense Ratio Comparison

SPXE has a 0.09% expense ratio, which is lower than BITU's 0.95% expense ratio.

Dividends

SPXE vs. BITU - Dividend Comparison

SPXE has not paid dividends to shareholders, while BITU's dividend yield for the trailing twelve months is around 88.74%.

Position	TTM	2025	2024
BITU Proshares Ultra Bitcoin ETF	88.74%	50.23%	0.12%
SPXE ProShares S&P 500 Ex-Energy ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SPXE or BITU?

On fees, SPXE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXE or BITU?

SPXE is cheaper with a 0.09% expense ratio, compared with 0.95% for BITU.

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

BITU has the higher dividend yield at 88.74%, compared with 0.00% for SPXE.

What is the main difference between SPXE and BITU?

SPXE is categorized as S&P 500, while BITU is Cryptocurrency. SPXE tracks S&P 500 Ex-Energy Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 0.09% for SPXE and 0.95% for BITU.