TINT vs. BITO

Last updated Jun 4, 2026

TINT (ProShares Smart Materials ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - TINT is a Energy Equities fund tracking the Solactive Smart Materials Index - Benchmark TR Net, while BITO is a Cryptocurrency fund actively managed by ProShares. TINT is passively managed, while BITO is actively managed. Over the past 3 years, TINT returned 10.12%/yr vs 25.27%/yr for BITO. At a 0.36 correlation, their price movements are largely independent. TINT charges 0.58%/yr vs 0.95%/yr for BITO.

Performance

TINT vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Smart Materials ETF (TINT) 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, TINT achieves a 25.24% return, which is significantly higher than BITO's -26.37% return.

TINT

• 1D: -2.01%
• 1M: 9.06%
• YTD: 25.24%
• 6M: 25.40%
• 1Y: 44.33%
• 3Y*: 10.12%
• 5Y*: —
• 10Y*: —

BITO

• 1D: -2.94%
• 1M: -18.61%
• YTD: -26.37%
• 6M: -30.81%
• 1Y: -41.01%
• 3Y*: 25.27%
• 5Y*: —
• 10Y*: —

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

TINT vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TINT ProShares Smart Materials ETF	25.24%	16.13%	-13.37%	20.04%	-28.14%	1.71%
BITO ProShares Bitcoin Strategy ETF	-26.37%	-11.19%	104.45%	137.33%	-63.91%	-24.07%

Correlation

The correlation between TINT and BITO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.36

TINT vs. BITO - Sectors Allocation Comparison

Sectors	TINT	BITO
Basic Materials	22.9%	-
Technology	10.9%	-
Industrials	4.3%	-
Financial Services	3.6%	68.5%
Healthcare	2.2%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TINT vs. BITO — Risk / Return Rank

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

TINT

TINT Risk / Return Rank: 54
TINT Sharpe Ratio Rank: 56
TINT Sortino Ratio Rank: 55
TINT Omega Ratio Rank: 54
TINT Calmar Ratio Rank: 52
TINT Martin Ratio Rank: 54

BITO

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

TINT vs. BITO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Smart Materials ETF (TINT) 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.

	TINT	BITO	Difference
Sharpe ratio: Return per unit of total volatility	1.88	-0.95	+2.82
Sortino ratio: Return per unit of downside risk	2.57	-1.35	+3.92
Omega ratio: Gain probability vs. loss probability	1.33	0.85	+0.48
Calmar ratio: Return relative to maximum drawdown	2.54	-0.82	+3.36
Martin ratio: Return relative to average drawdown	9.21	-1.41	+10.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TINT vs. BITO - Sharpe Ratio Comparison

The current TINT Sharpe Ratio is 1.88, which is higher than the BITO Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of TINT 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.

Sharpe Ratios by Period

	TINT	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	-0.95	+2.82
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.09	+0.19

Drawdowns

TINT vs. BITO - Drawdown Comparison

The maximum TINT drawdown since its inception was -41.36%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for TINT and BITO.

Drawdown Indicators

	TINT	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-77.86%	+36.50%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-50.05%	+32.52%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	-50.05%	+19.63%
Current Drawdown Current decline from peak	-2.01%	-49.22%	+47.21%
Average Drawdown Average peak-to-trough decline	-21.14%	-36.73%	+15.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	29.09%	-24.26%

Volatility

TINT vs. BITO - Volatility Comparison

ProShares Smart Materials ETF (TINT) has a higher volatility of 10.66% compared to ProShares Bitcoin Strategy ETF (BITO) at 9.43%. This indicates that TINT'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

	TINT	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.66%	9.43%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	19.90%	34.26%	-14.36%
Volatility (1Y) Calculated over the trailing 1-year period	23.75%	43.57%	-19.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.46%	55.11%	-31.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.46%	55.11%	-31.65%

TINT vs. BITO - Expense Ratio Comparison

TINT has a 0.58% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

TINT vs. BITO - Dividend Comparison

TINT's dividend yield for the trailing twelve months is around 0.98%, less than BITO's 67.63% yield.

Position	TTM	2025	2024	2023	2022
BITO ProShares Bitcoin Strategy ETF	67.63%	78.29%	61.59%	15.14%	0.00%
TINT ProShares Smart Materials ETF	0.98%	1.27%	1.47%	0.99%	1.36%

Frequently Asked Questions

Can I hold both TINT and BITO in my portfolio?

TINT and BITO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINT or BITO?

TINT has higher volatility (10.66%) compared to BITO (9.43%). In terms of maximum drawdown, TINT dropped -41.36% vs BITO's -77.86%.

Which ETF is better, TINT or BITO?

On 3-year performance, BITO leads with 25.27% vs 10.12% for TINT. On fees, TINT is cheaper at 0.58% per year. On volatility, BITO has been the lower-risk option at 9.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINT or BITO?

Over the 3-year period, BITO has performed better with a 25.27% return vs 10.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINT or BITO?

TINT is cheaper with a 0.58% expense ratio, compared with 0.95% for BITO.

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

BITO has the higher dividend yield at 67.63%, compared with 0.98% for TINT.

What is the main difference between TINT and BITO?

TINT is categorized as Energy Equities, while BITO is Cryptocurrency. Their fees differ too: 0.58% for TINT and 0.95% for BITO.

Which has better risk-adjusted returns?

TINT currently has the higher Sharpe Ratio (1.88 vs -0.94), 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.