UXRP vs. BITO
UXRP (ProShares Ultra XRP ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - UXRP is a Leveraged Cryptocurrency fund tracking the Bloomberg XRP Index, while BITO is a Cryptocurrency fund actively managed by ProShares. UXRP is passively managed, while BITO is actively managed. Their correlation of 0.84 suggests significant overlap in exposure. UXRP charges 1.67%/yr vs 0.95%/yr for BITO.
Performance
UXRP vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, UXRP achieves a -77.44% return, which is significantly lower than BITO's -30.09% return.
UXRP
- 1D
- -7.94%
- 1M
- -14.92%
- 6M
- -81.67%
- YTD
- -77.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -2.65%
- 1M
- -2.30%
- 6M
- -33.01%
- YTD
- -30.09%
- 1Y
- -49.36%
- 3Y*
- 19.35%
- 5Y*
- —
- 10Y*
- —
UXRP vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UXRP ProShares Ultra XRP ETF | -77.44% | -77.43% |
BITO ProShares Bitcoin Strategy ETF | -30.09% | -28.60% |
Correlation
The correlation between UXRP and BITO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.84 |
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Return for Risk
UXRP vs. BITO — Risk / Return Rank
UXRP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITO
UXRP vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) 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.
| UXRP | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.91 | — |
| Martin ratioReturn relative to average drawdown | — | -1.48 | — |
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Drawdowns
UXRP vs. BITO - Drawdown Comparison
The maximum UXRP drawdown since its inception was -96.60%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for UXRP and BITO.
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Drawdown Indicators
| UXRP | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.60% | -77.86% | -18.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -54.47% | — |
Current DrawdownCurrent decline from peak | -96.42% | -51.78% | -44.64% |
Average DrawdownAverage peak-to-trough decline | -73.78% | -37.03% | -36.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.47% | — |
Volatility
UXRP vs. BITO - Volatility Comparison
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Volatility by Period
| UXRP | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 146.39% | 44.12% | +102.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.39% | 54.84% | +91.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.39% | 54.84% | +91.55% |
UXRP vs. BITO - Expense Ratio Comparison
UXRP has a 1.67% expense ratio, which is higher than BITO's 0.95% expense ratio.
Dividends
UXRP vs. BITO - Dividend Comparison
UXRP's dividend yield for the trailing twelve months is around 0.02%, less than BITO's 62.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 62.24% | 78.29% | 61.59% | 15.14% |
UXRP ProShares Ultra XRP ETF | 0.02% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UXRP and BITO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITO is cheaper with a 0.95% expense ratio, compared with 1.67% for UXRP.
BITO has the higher dividend yield at 62.24%, compared with 0.02% for UXRP.
UXRP is categorized as Leveraged Cryptocurrency, while BITO is Cryptocurrency. Their fees differ too: 1.67% for UXRP and 0.95% for BITO.
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