UBR vs. BITO
Compare and contrast key facts about ProShares Ultra MSCI Brazil (UBR) and ProShares Bitcoin Strategy ETF (BITO).
UBR and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBR is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil Index (200%). It was launched on Apr 27, 2010. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
UBR vs. BITO - Performance Comparison
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UBR vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UBR ProShares Ultra MSCI Brazil | 40.22% | 96.11% | -57.05% | 49.98% | 5.60% | -10.02% |
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, UBR achieves a 40.22% return, which is significantly higher than BITO's -22.79% return.
UBR
- 1D
- 0.08%
- 1M
- -3.22%
- YTD
- 40.22%
- 6M
- 57.65%
- 1Y
- 110.10%
- 3Y*
- 24.85%
- 5Y*
- 8.88%
- 10Y*
- 0.18%
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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UBR vs. BITO - Expense Ratio Comparison
Both UBR and BITO have an expense ratio of 0.95%.
Return for Risk
UBR vs. BITO — Risk / Return Rank
UBR
BITO
UBR vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Brazil (UBR) 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.
| UBR | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | -0.52 | +2.66 |
Sortino ratioReturn per unit of downside risk | 2.51 | -0.50 | +3.01 |
Omega ratioGain probability vs. loss probability | 1.34 | 0.94 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 5.04 | -0.42 | +5.46 |
Martin ratioReturn relative to average drawdown | 13.09 | -0.89 | +13.97 |
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
| UBR | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | -0.52 | +2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | -0.08 | -0.10 |
Correlation
The correlation between UBR and BITO is 0.22, 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
UBR vs. BITO - Dividend Comparison
UBR's dividend yield for the trailing twelve months is around 1.49%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UBR ProShares Ultra MSCI Brazil | 1.49% | 2.05% | 8.09% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UBR vs. BITO - Drawdown Comparison
The maximum UBR drawdown since its inception was -97.15%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for UBR and BITO.
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Drawdown Indicators
| UBR | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.15% | -77.86% | -19.29% |
Max Drawdown (1Y)Largest decline over 1 year | -22.68% | -50.05% | +27.37% |
Max Drawdown (5Y)Largest decline over 5 years | -67.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.57% | — | — |
Current DrawdownCurrent decline from peak | -91.12% | -46.75% | -44.37% |
Average DrawdownAverage peak-to-trough decline | -77.76% | -36.57% | -41.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.73% | 23.73% | -15.00% |
Volatility
UBR vs. BITO - Volatility Comparison
ProShares Ultra MSCI Brazil (UBR) has a higher volatility of 22.23% compared to ProShares Bitcoin Strategy ETF (BITO) at 12.84%. This indicates that UBR'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.
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Volatility by Period
| UBR | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.23% | 12.84% | +9.39% |
Volatility (6M)Calculated over the trailing 6-month period | 39.53% | 36.71% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.71% | 45.32% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.84% | 55.77% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.14% | 55.77% | +11.37% |