UXRP vs. BITU

Last updated Aug 2, 2026

UXRP (ProShares Ultra XRP ETF) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - UXRP is a Leveraged Cryptocurrency fund tracking the Bloomberg XRP Index, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, UXRP returned -94.69% vs -78.13% for BITU. Their correlation of 0.84 means they have usually moved in the same direction. UXRP charges 1.67%/yr vs 0.95%/yr for BITU.

Performance

UXRP vs. BITU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra XRP ETF (UXRP) 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, UXRP achieves a -77.99% return, which is significantly lower than BITU's -58.54% return.

UXRP

• 1D: -5.41%
• 1M: -7.09%
• 6M: -74.16%
• YTD: -77.99%
• 1Y: -94.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -94.38%

BITU

• 1D: -5.81%
• 1M: 2.83%
• 6M: -53.44%
• YTD: -58.54%
• 1Y: -78.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -34.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITU Proshares Ultra Bitcoin ETF	$38.79M	$39.32M	$47.38M
UXRP ProShares Ultra XRP ETF	$852.19K	$746.96K	$1.32M

UXRP vs. BITU - Yearly Performance Comparison

	2026 (YTD)	2025
UXRP ProShares Ultra XRP ETF	-77.99%	-77.43%
BITU Proshares Ultra Bitcoin ETF	-58.54%	-53.72%

Correlation

The correlation between UXRP and BITU is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.84

The correlation between UXRP and BITU has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

Return for Risk

UXRP vs. BITU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UXRP

UXRP Risk / Return Rank: 2
UXRP Sharpe Ratio Rank: 4
UXRP Sortino Ratio Rank: 1
UXRP Omega Ratio Rank: 1
UXRP Calmar Ratio Rank: 0
UXRP Martin Ratio Rank: 3

BITU

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UXRP vs. BITU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) 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.

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	BITU	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	-0.90	+0.24
Sortino ratio: Return per unit of downside risk	-1.95	-1.79	-0.16
Omega ratio: Gain probability vs. loss probability	0.79	0.80	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.99	-0.96	-0.04
Martin ratio: Return relative to average drawdown	-1.23	-1.34	+0.11

UXRP vs. BITU - Sharpe Ratio Comparison

The current UXRP Sharpe Ratio is -0.66, which is comparable to the BITU Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of UXRP 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.

Drawdowns

UXRP vs. BITU - Drawdown Comparison

The maximum UXRP drawdown since its inception was -96.60%, which is greater than BITU's maximum drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for UXRP and BITU.

Drawdown Indicators

	UXRP	BITU	Difference
Max Drawdown Largest peak-to-trough decline	-96.60%	-83.45%	-13.15%
Max Drawdown (1Y) Largest decline over 1 year	-95.74%	-83.45%	-12.29%
Current Drawdown Current decline from peak	-96.51%	-81.46%	-15.05%
Average Drawdown Average peak-to-trough decline	-74.97%	-37.61%	-37.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	76.79%	59.30%	+17.49%

Volatility

UXRP vs. BITU - Volatility Comparison

ProShares Ultra XRP ETF (UXRP) has a higher volatility of 24.70% compared to Proshares Ultra Bitcoin ETF (BITU) at 17.90%. This indicates that UXRP's price experiences larger fluctuations and is considered to be riskier than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXRP	BITU	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.70%	17.90%	+6.80%
Volatility (6M) Calculated over the trailing 6-month period	101.23%	67.92%	+33.31%
Volatility (1Y) Calculated over the trailing 1-year period	142.99%	88.38%	+54.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.51%	96.07%	+47.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.51%	96.07%	+47.44%

UXRP vs. BITU - Expense Ratio Comparison

UXRP has a 1.67% expense ratio, which is higher than BITU's 0.95% expense ratio.

Dividends

UXRP vs. BITU - Dividend Comparison

UXRP's dividend yield for the trailing twelve months is around 0.02%, less than BITU's 93.04% yield.

Position	TTM	2025	2024
BITU Proshares Ultra Bitcoin ETF	82.40%	50.23%	0.12%
UXRP ProShares Ultra XRP ETF	0.02%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UXRP and BITU in my portfolio?

UXRP and BITU have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXRP or BITU?

UXRP has higher volatility (24.70%) compared to BITU (17.90%). In terms of maximum drawdown, UXRP dropped -96.60% vs BITU's -83.45%.

Which ETF is better, UXRP or BITU?

On 1-year performance, BITU leads with -78.13% vs -94.69% for UXRP. On fees, BITU is cheaper at 0.95% per year. On volatility, BITU has been the lower-risk option at 17.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXRP or BITU?

Over the 1-year period, BITU has performed better with a -78.13% return vs -94.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXRP or BITU?

BITU is cheaper with a 0.95% expense ratio, compared with 1.67% for UXRP.

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

BITU has the higher dividend yield at 82.40%, compared with 0.02% for UXRP.

What is the main difference between UXRP and BITU?

UXRP is categorized as Leveraged Cryptocurrency, while BITU is Cryptocurrency. UXRP tracks Bloomberg XRP Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 1.67% for UXRP and 0.95% for BITU.

Which has better risk-adjusted returns?

UXRP currently has the higher Sharpe Ratio (-0.66 vs -0.90), 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.