TTT vs. BITO
Compare and contrast key facts about UltraPro Short 20+ Year Treasury (TTT) and ProShares Bitcoin Strategy ETF (BITO).
TTT and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
TTT vs. BITO - Performance Comparison
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TTT vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 1.05% | -7.89% | 38.07% | -11.25% | 150.17% | -12.29% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, TTT achieves a 1.05% return, which is significantly higher than BITO's -22.79% return.
TTT
- 1D
- -0.01%
- 1M
- 10.63%
- YTD
- 1.05%
- 6M
- 7.36%
- 1Y
- 10.71%
- 3Y*
- 12.82%
- 5Y*
- 15.06%
- 10Y*
- -2.26%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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TTT vs. BITO - Expense Ratio Comparison
Both TTT and BITO have an expense ratio of 0.95%.
Return for Risk
TTT vs. BITO — Risk / Return Rank
TTT
BITO
TTT vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) 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.
| TTT | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.31 | -0.52 | +0.83 |
Sortino ratioReturn per unit of downside risk | 0.72 | -0.50 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.08 | 0.94 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.42 | +0.70 |
Martin ratioReturn relative to average drawdown | 0.49 | -0.89 | +1.37 |
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
| TTT | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | -0.52 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.08 | -0.16 |
Correlation
The correlation between TTT and BITO is 0.01, 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
TTT vs. BITO - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 9.57%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 9.57% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TTT vs. BITO - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for TTT and BITO.
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Drawdown Indicators
| TTT | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -77.86% | -16.14% |
Max Drawdown (1Y)Largest decline over 1 year | -25.97% | -50.05% | +24.08% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | — | — |
Current DrawdownCurrent decline from peak | -78.81% | -46.75% | -32.06% |
Average DrawdownAverage peak-to-trough decline | -70.26% | -36.57% | -33.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.08% | 23.73% | -8.65% |
Volatility
TTT vs. BITO - Volatility Comparison
The current volatility for UltraPro Short 20+ Year Treasury (TTT) is 10.82%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.84%. This indicates that TTT 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
| TTT | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 12.84% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.71% | 36.71% | -17.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.30% | 45.32% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.21% | 55.77% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.46% | 55.77% | -12.31% |