SPXT vs. BITO
Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and ProShares Bitcoin Strategy ETF (BITO).
SPXT and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXT is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index. It was launched on Sep 22, 2015. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
SPXT vs. BITO - Performance Comparison
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SPXT vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPXT ProShares S&P 500 Ex-Technology ETF | -2.11% | 15.10% | 19.93% | 16.23% | -14.24% | 4.46% |
BITO ProShares Bitcoin Strategy ETF | -23.25% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, SPXT achieves a -2.11% return, which is significantly higher than BITO's -23.25% return.
SPXT
- 1D
- 2.14%
- 1M
- -5.77%
- YTD
- -2.11%
- 6M
- 1.29%
- 1Y
- 12.86%
- 3Y*
- 15.27%
- 5Y*
- 9.42%
- 10Y*
- 11.15%
BITO
- 1D
- 1.75%
- 1M
- 2.92%
- YTD
- -23.25%
- 6M
- -41.96%
- 1Y
- -21.48%
- 3Y*
- 24.62%
- 5Y*
- —
- 10Y*
- —
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SPXT vs. BITO - Expense Ratio Comparison
SPXT has a 0.27% expense ratio, which is lower than BITO's 0.95% expense ratio.
Return for Risk
SPXT vs. BITO — Risk / Return Rank
SPXT
BITO
SPXT vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) 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.
| SPXT | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | -0.48 | +1.29 |
Sortino ratioReturn per unit of downside risk | 1.25 | -0.43 | +1.68 |
Omega ratioGain probability vs. loss probability | 1.18 | 0.95 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | -0.46 | +1.69 |
Martin ratioReturn relative to average drawdown | 5.69 | -0.97 | +6.67 |
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
| SPXT | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | -0.48 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | -0.08 | +0.78 |
Correlation
The correlation between SPXT and BITO is 0.38, 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
SPXT vs. BITO - Dividend Comparison
SPXT's dividend yield for the trailing twelve months is around 1.46%, less than BITO's 84.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXT ProShares S&P 500 Ex-Technology ETF | 1.46% | 1.38% | 1.29% | 1.53% | 1.86% | 1.15% | 1.63% | 1.63% | 2.03% | 1.55% | 2.67% | 0.56% |
BITO ProShares Bitcoin Strategy ETF | 84.71% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPXT vs. BITO - Drawdown Comparison
The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for SPXT and BITO.
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Drawdown Indicators
| SPXT | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.38% | -77.86% | +43.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.19% | -50.05% | +38.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -5.77% | -47.07% | +41.30% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -36.56% | +32.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 23.55% | -21.13% |
Volatility
SPXT vs. BITO - Volatility Comparison
The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 4.28%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.89%. This indicates that SPXT experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXT | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 12.89% | -8.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 36.69% | -28.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 45.35% | -29.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 55.79% | -41.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 55.79% | -39.57% |