URTY vs. BITO
URTY (ProShares UltraPro Russell2000) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - URTY is a Leveraged Equities fund tracking the Russell 2000 Index (300%), while BITO is a Cryptocurrency fund actively managed by ProShares. URTY is passively managed, while BITO is actively managed. Over the past 3 years, URTY returned 23.05%/yr vs 22.22%/yr for BITO. Their 0.45 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
URTY vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, URTY achieves a 55.97% return, which is significantly higher than BITO's -28.40% return.
URTY
- 1D
- 5.14%
- 1M
- -2.55%
- 6M
- 31.22%
- YTD
- 55.97%
- 1Y
- 118.59%
- 3Y*
- 23.05%
- 5Y*
- -2.82%
- 10Y*
- 6.75%
- ALL TIME*
- 14.07%
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 | |
| $35.77M | $36.50M | $68.68M |
URTY vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 55.97% | 9.26% | 7.38% | 24.43% | -62.81% | -5.72% |
BITO ProShares Bitcoin Strategy ETF | -28.40% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between URTY and BITO is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.45 |
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Return for Risk
URTY vs. BITO — Risk / Return Rank
URTY
BITO
URTY vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.
| URTY | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +4.12 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.83 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | -0.84 | +4.50 |
| Martin ratioReturn relative to average drawdown | 12.00 | -1.28 | +13.29 |
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Drawdowns
URTY vs. BITO - Drawdown Comparison
The maximum URTY drawdown since its inception was -88.09%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for URTY and BITO.
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Drawdown Indicators
| URTY | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -77.86% | -10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -32.56% | -54.47% | +21.91% |
Max Drawdown (3Y)Largest decline over 3 years | -65.85% | -54.47% | -11.38% |
Max Drawdown (5Y)Largest decline over 5 years | -82.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | — | — |
Current DrawdownCurrent decline from peak | -35.79% | -50.61% | +14.82% |
Average DrawdownAverage peak-to-trough decline | -34.80% | -37.19% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.92% | 35.62% | -25.70% |
Volatility
URTY vs. BITO - Volatility Comparison
ProShares UltraPro Russell2000 (URTY) has a higher volatility of 12.57% compared to ProShares Bitcoin Strategy ETF (BITO) at 8.72%. This indicates that URTY'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
| URTY | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 8.72% | +3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 42.24% | 33.49% | +8.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.90% | 44.21% | +13.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.36% | 54.58% | +12.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.28% | 54.58% | +14.70% |
URTY vs. BITO - Expense Ratio Comparison
Both URTY and BITO have an expense ratio of 0.95%.
Dividends
URTY vs. BITO - Dividend Comparison
URTY's dividend yield for the trailing twelve months is around 0.76%, less than BITO's 47.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
URTY ProShares UltraPro Russell2000 | 0.76% | 1.02% | 1.16% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.28% | 0.00% | 0.03% |
Frequently Asked Questions
URTY and BITO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTY has higher volatility (12.57%) compared to BITO (8.72%). In terms of maximum drawdown, URTY dropped -88.09% vs BITO's -77.86%.
On 3-year performance, URTY leads with 23.05% vs 22.22% for BITO. Both ETFs have the same 0.95% expense ratio. On volatility, BITO has been the lower-risk option at 8.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, URTY has performed better with a 23.05% return vs 22.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URTY and BITO have the same expense ratio: 0.95% per year.
BITO has the higher dividend yield at 47.03%, compared with 0.76% for URTY.
URTY is categorized as Leveraged Equities, while BITO is Cryptocurrency.
URTY currently has the higher Sharpe Ratio (2.06 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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