UST vs. BITU

Last updated Jun 4, 2026

UST (ProShares Ultra 7-10 Year Treasury) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - UST is a Leveraged Bonds fund tracking the Barclays Capital U.S. 7-10 Year Treasury Index (200%), while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, UST returned 3.81% vs -73.07% for BITU. At a 0.00 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

UST vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra 7-10 Year Treasury (UST) and Proshares Ultra Bitcoin ETF (BITU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UST achieves a -2.88% return, which is significantly higher than BITU's -52.92% return.

UST

• 1D: -0.56%
• 1M: -0.51%
• YTD: -2.88%
• 6M: -4.24%
• 1Y: 3.81%
• 3Y*: -0.51%
• 5Y*: -6.75%
• 10Y*: -2.13%

BITU

• 1D: -5.58%
• 1M: -34.84%
• YTD: -52.92%
• 6M: -59.11%
• 1Y: -73.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UST vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UST ProShares Ultra 7-10 Year Treasury	-2.88%	10.26%	0.15%
BITU Proshares Ultra Bitcoin ETF	-52.92%	-37.07%	37.90%

Correlation

The correlation between UST and BITU is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.00

UST vs. BITU - Sectors Allocation Comparison

Sectors	UST	BITU
Financial Services	97.4%	4.2%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

UST vs. BITU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UST

UST Risk / Return Rank: 14
UST Sharpe Ratio Rank: 15
UST Sortino Ratio Rank: 13
UST Omega Ratio Rank: 13
UST Calmar Ratio Rank: 14
UST Martin Ratio Rank: 15

BITU

BITU Risk / Return Rank: 2
BITU Sharpe Ratio Rank: 2
BITU Sortino Ratio Rank: 2
BITU Omega Ratio Rank: 2
BITU Calmar Ratio Rank: 1
BITU Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UST vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 7-10 Year Treasury (UST) 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.

	UST	BITU	Difference
Sharpe ratio: Return per unit of total volatility	0.40	-0.84	+1.24
Sortino ratio: Return per unit of downside risk	0.64	-1.44	+2.08
Omega ratio: Gain probability vs. loss probability	1.07	0.84	+0.23
Calmar ratio: Return relative to maximum drawdown	0.44	-0.93	+1.36
Martin ratio: Return relative to average drawdown	1.26	-1.47	+2.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UST vs. BITU - Sharpe Ratio Comparison

The current UST Sharpe Ratio is 0.40, which is higher than the BITU Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of UST and BITU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UST	BITU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	-0.84	+1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	-0.35	+0.54

Drawdowns

UST vs. BITU - Drawdown Comparison

The maximum UST drawdown since its inception was -47.99%, smaller than the maximum BITU drawdown of -78.94%. Use the drawdown chart below to compare losses from any high point for UST and BITU.

Drawdown Indicators

	UST	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-47.99%	-78.94%	+30.95%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-78.94%	+70.19%
Max Drawdown (3Y) Largest decline over 3 years	-16.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.99%	—	—
Current Drawdown Current decline from peak	-38.33%	-78.94%	+40.61%
Average Drawdown Average peak-to-trough decline	-15.13%	-34.49%	+19.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	49.84%	-46.81%

Volatility

UST vs. BITU - Volatility Comparison

The current volatility for ProShares Ultra 7-10 Year Treasury (UST) is 3.10%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 18.99%. This indicates that UST 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.

Volatility by Period

	UST	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	18.99%	-15.89%
Volatility (6M) Calculated over the trailing 6-month period	6.58%	69.41%	-62.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	87.00%	-77.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	97.45%	-81.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.18%	97.45%	-84.27%

UST vs. BITU - Expense Ratio Comparison

Both UST and BITU have an expense ratio of 0.95%.

Dividends

UST vs. BITU - Dividend Comparison

UST's dividend yield for the trailing twelve months is around 3.49%, less than BITU's 83.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITU Proshares Ultra Bitcoin ETF	83.36%	50.23%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UST ProShares Ultra 7-10 Year Treasury	3.49%	3.65%	4.09%	3.49%	0.47%	0.27%	0.53%	1.42%	1.71%	0.84%	0.64%	0.75%

Frequently Asked Questions

Can I hold both UST and BITU in my portfolio?

UST and BITU have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UST or BITU?

BITU has higher volatility (18.99%) compared to UST (3.10%). In terms of maximum drawdown, UST dropped -47.99% vs BITU's -78.94%.

Which ETF is better, UST or BITU?

On 1-year performance, UST leads with 3.81% vs -73.07% for BITU. Both ETFs have the same 0.95% expense ratio. On volatility, UST has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UST or BITU?

Over the 1-year period, UST has performed better with a 3.81% return vs -73.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UST or BITU?

UST and BITU have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, UST or BITU?

BITU has the higher dividend yield at 83.36%, compared with 3.49% for UST.

What is the main difference between UST and BITU?

UST is categorized as Leveraged Bonds, while BITU is Cryptocurrency. UST tracks Barclays Capital U.S. 7-10 Year Treasury Index (200%), while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

UST currently has the higher Sharpe Ratio (0.40 vs -0.84), 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.