URE vs. BITO
URE (ProShares Ultra Real Estate) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - URE is a REIT fund tracking the Dow Jones U.S. Real Estate Index (200%), while BITO is a Cryptocurrency fund actively managed by ProShares. URE is passively managed, while BITO is actively managed. Over the past 3 years, URE returned 11.31%/yr vs 22.22%/yr for BITO. Their 0.24 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
URE vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, URE achieves a 23.35% return, which is significantly higher than BITO's -28.40% return.
URE
- 1D
- 0.70%
- 1M
- 1.91%
- 6M
- 20.58%
- YTD
- 23.35%
- 1Y
- 18.25%
- 3Y*
- 11.31%
- 5Y*
- -3.92%
- 10Y*
- 2.23%
- ALL TIME*
- -3.04%
BITO
- 1D
- 1.45%
- 1M
- 3.64%
- 6M
- -19.37%
- YTD
- -28.40%
- 1Y
- -45.62%
- 3Y*
- 22.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59B | $2.59B | $2.08B | |
| $611.02K | $406.79K | $255.52K |
URE vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 23.35% | -3.65% | 0.35% | 11.58% | -49.64% | 18.57% |
BITO ProShares Bitcoin Strategy ETF | -28.40% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between URE and BITO is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.24 |
The correlation between URE and BITO shifts across timeframes, from 0.11 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
URE vs. BITO — Risk / Return Rank
URE
BITO
URE vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) 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.
| URE | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.83 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.84 | +1.95 |
| Martin ratioReturn relative to average drawdown | 3.05 | -1.28 | +4.33 |
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Drawdowns
URE vs. BITO - Drawdown Comparison
The maximum URE drawdown since its inception was -97.16%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for URE and BITO.
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Drawdown Indicators
| URE | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -77.86% | -19.30% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -54.47% | +37.97% |
Max Drawdown (3Y)Largest decline over 3 years | -33.77% | -54.47% | +20.70% |
Max Drawdown (5Y)Largest decline over 5 years | -63.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | — | — |
Current DrawdownCurrent decline from peak | -48.78% | -50.61% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -64.38% | -37.19% | -27.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 35.62% | -29.61% |
Volatility
URE vs. BITO - Volatility Comparison
ProShares Ultra Real Estate (URE) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 8.67% and 8.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URE | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.67% | 8.72% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 22.10% | 33.49% | -11.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.02% | 44.21% | -16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.52% | 54.58% | -17.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.68% | 54.58% | -13.90% |
URE vs. BITO - Expense Ratio Comparison
Both URE and BITO have an expense ratio of 0.95%.
Dividends
URE vs. BITO - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 1.98%, less than BITO's 47.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 47.03% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URE ProShares Ultra Real Estate | 1.98% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
Frequently Asked Questions
URE and BITO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (8.72%) compared to URE (8.67%). In terms of maximum drawdown, URE dropped -97.16% vs BITO's -77.86%.
On 3-year performance, BITO leads with 22.22% vs 11.31% for URE. Both ETFs have the same 0.95% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITO has performed better with a 22.22% return vs 11.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URE and BITO have the same expense ratio: 0.95% per year.
BITO has the higher dividend yield at 47.03%, compared with 1.98% for URE.
URE is categorized as REIT, while BITO is Cryptocurrency.
URE currently has the higher Sharpe Ratio (0.66 vs -1.04), 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.
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