UBT vs. BITU
Compare and contrast key facts about ProShares Ultra 20+ Year Treasury (UBT) and Proshares Ultra Bitcoin ETF (BITU).
UBT and BITU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (200%). It was launched on Jan 19, 2010. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. Both UBT and BITU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UBT vs. BITU - Performance Comparison
Loading graphics...
UBT vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | -0.94% | 2.03% | -9.52% |
BITU Proshares Ultra Bitcoin ETF | -46.65% | -37.07% | 37.90% |
Returns By Period
In the year-to-date period, UBT achieves a -0.94% return, which is significantly higher than BITU's -46.65% return.
UBT
- 1D
- 0.12%
- 1M
- -7.06%
- YTD
- -0.94%
- 6M
- -4.63%
- 1Y
- -8.08%
- 3Y*
- -12.25%
- 5Y*
- -17.10%
- 10Y*
- -7.68%
BITU
- 1D
- 0.89%
- 1M
- -5.67%
- YTD
- -46.65%
- 6M
- -72.88%
- 1Y
- -55.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UBT vs. BITU - Expense Ratio Comparison
Both UBT and BITU have an expense ratio of 0.95%.
Return for Risk
UBT vs. BITU — Risk / Return Rank
UBT
BITU
UBT vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and Proshares Ultra Bitcoin ETF (BITU). 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.
| UBT | BITU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.36 | -0.61 | +0.25 |
Sortino ratioReturn per unit of downside risk | -0.35 | -0.59 | +0.24 |
Omega ratioGain probability vs. loss probability | 0.96 | 0.93 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.36 | -0.67 | +0.31 |
Martin ratioReturn relative to average drawdown | -0.66 | -1.29 | +0.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| UBT | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | -0.61 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.32 | +0.35 |
Correlation
The correlation between UBT and BITU is 0.00, 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
UBT vs. BITU - Dividend Comparison
UBT's dividend yield for the trailing twelve months is around 3.92%, less than BITU's 78.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | 3.92% | 4.26% | 4.50% | 3.54% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 0.75% | 1.56% |
BITU Proshares Ultra Bitcoin ETF | 78.08% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UBT vs. BITU - Drawdown Comparison
The maximum UBT drawdown since its inception was -78.90%, roughly equal to the maximum BITU drawdown of -77.76%. Use the drawdown chart below to compare losses from any high point for UBT and BITU.
Loading graphics...
Drawdown Indicators
| UBT | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.90% | -77.76% | -1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -18.64% | -77.76% | +59.12% |
Max Drawdown (5Y)Largest decline over 5 years | -72.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.90% | — | — |
Current DrawdownCurrent decline from peak | -76.24% | -76.14% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -31.84% | -31.36% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.13% | 40.50% | -30.37% |
Volatility
UBT vs. BITU - Volatility Comparison
The current volatility for ProShares Ultra 20+ Year Treasury (UBT) is 7.29%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 26.02%. This indicates that UBT experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| UBT | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 26.02% | -18.73% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 74.12% | -60.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.52% | 90.32% | -67.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.35% | 99.57% | -68.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 99.57% | -70.20% |