SQY vs. BITO

Last updated Jun 24, 2026

SQY (YieldMax SQ Option Income Strategy ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - SQY is a Derivative Income fund actively managed by YieldMax, while BITO is a Cryptocurrency fund actively managed by ProShares. Both are actively managed. SQY charges 1.01%/yr vs 0.95%/yr for BITO.

Performance

SQY vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SQ Option Income Strategy ETF (SQY) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SQY

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

BITO

• 1D: -3.31%
• 1M: -18.05%
• YTD: -29.93%
• 6M: -30.03%
• 1Y: -42.09%
• 3Y*: 18.00%
• 5Y*: —
• 10Y*: —

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

Return for Risk

SQY vs. BITO — Risk / Return Rank

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

SQY

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

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 1
BITO Sortino Ratio Rank: 2
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO 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.

SQY vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SQ Option Income Strategy ETF (SQY) 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.

	SQY	BITO	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.96	—
Sortino ratio: Return per unit of downside risk	—	-1.38	—
Omega ratio: Gain probability vs. loss probability	—	0.85	—
Calmar ratio: Return relative to maximum drawdown	—	-0.80	—
Martin ratio: Return relative to average drawdown	—	-1.35	—

Drawdowns

Drawdown Indicators

	SQY	BITO	Difference
Max Drawdown Largest peak-to-trough decline	—	-77.86%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-53.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-53.10%	—
Current Drawdown Current decline from peak	—	-51.67%	—
Average Drawdown Average peak-to-trough decline	—	-36.86%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	31.28%	—

Volatility

Volatility by Period

	SQY	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.08%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	55.02%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	55.02%	—

SQY vs. BITO - Expense Ratio Comparison

SQY has a 1.01% expense ratio, which is higher than BITO's 0.95% expense ratio.

Dividends

SQY vs. BITO - Dividend Comparison

SQY has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 71.07%.

Position	TTM	2025	2024	2023
BITO ProShares Bitcoin Strategy ETF	71.07%	78.29%	61.59%	15.14%
SQY YieldMax SQ Option Income Strategy ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SQY or BITO?

On fees, BITO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SQY or BITO?

BITO is cheaper with a 0.95% expense ratio, compared with 1.01% for SQY.

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

BITO has the higher dividend yield at 71.07%, compared with 0.00% for SQY.

What is the main difference between SQY and BITO?

SQY is categorized as Derivative Income, while BITO is Cryptocurrency. They also come from different issuers: YieldMax and ProShares. Their fees differ too: 1.01% for SQY and 0.95% for BITO.