USD vs. BITO
Compare and contrast key facts about ProShares Ultra Semiconductors (USD) and ProShares Bitcoin Strategy ETF (BITO).
USD and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
USD vs. BITO - Performance Comparison
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USD vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | -3.87% | 62.08% | 139.64% | 228.79% | -68.57% | 40.18% |
BITO ProShares Bitcoin Strategy ETF | -24.03% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, USD achieves a -3.87% return, which is significantly higher than BITO's -24.03% return.
USD
- 1D
- 1.08%
- 1M
- -1.70%
- YTD
- -3.87%
- 6M
- -2.71%
- 1Y
- 144.73%
- 3Y*
- 92.19%
- 5Y*
- 44.90%
- 10Y*
- 50.94%
BITO
- 1D
- -1.60%
- 1M
- -1.96%
- YTD
- -24.03%
- 6M
- -45.66%
- 1Y
- -26.26%
- 3Y*
- 24.92%
- 5Y*
- —
- 10Y*
- —
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USD vs. BITO - Expense Ratio Comparison
Both USD and BITO have an expense ratio of 0.95%.
Return for Risk
USD vs. BITO — Risk / Return Rank
USD
BITO
USD vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.
| USD | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | -0.58 | +2.47 |
Sortino ratioReturn per unit of downside risk | 2.43 | -0.62 | +3.05 |
Omega ratioGain probability vs. loss probability | 1.34 | 0.93 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 4.65 | -0.49 | +5.14 |
Martin ratioReturn relative to average drawdown | 12.68 | -1.02 | +13.70 |
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
| USD | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | -0.58 | +2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | -0.08 | +0.49 |
Correlation
The correlation between USD and BITO is 0.38, 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
USD vs. BITO - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.48%, less than BITO's 81.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
BITO ProShares Bitcoin Strategy ETF | 81.78% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USD vs. BITO - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for USD and BITO.
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Drawdown Indicators
| USD | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -77.86% | -10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -50.05% | +18.25% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | — | — |
Current DrawdownCurrent decline from peak | -20.39% | -47.60% | +27.21% |
Average DrawdownAverage peak-to-trough decline | -32.60% | -36.58% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.67% | 23.92% | -12.25% |
Volatility
USD vs. BITO - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 21.33% compared to ProShares Bitcoin Strategy ETF (BITO) at 10.67%. This indicates that USD'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
| USD | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.33% | 10.67% | +10.66% |
Volatility (6M)Calculated over the trailing 6-month period | 48.69% | 36.60% | +12.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.08% | 45.24% | +31.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.21% | 55.75% | +20.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.83% | 55.75% | +13.08% |