UYG vs. BITO
Compare and contrast key facts about ProShares Ultra Financials (UYG) and ProShares Bitcoin Strategy ETF (BITO).
UYG and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials 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
UYG vs. BITO - Performance Comparison
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UYG vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UYG ProShares Ultra Financials | -19.81% | 19.77% | 55.71% | 22.14% | -32.11% | 4.83% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, UYG achieves a -19.81% return, which is significantly higher than BITO's -22.79% return.
UYG
- 1D
- -0.02%
- 1M
- -7.05%
- YTD
- -19.81%
- 6M
- -16.54%
- 1Y
- -7.79%
- 3Y*
- 25.32%
- 5Y*
- 11.21%
- 10Y*
- 16.07%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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UYG vs. BITO - Expense Ratio Comparison
Both UYG and BITO have an expense ratio of 0.95%.
Return for Risk
UYG vs. BITO — Risk / Return Rank
UYG
BITO
UYG vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) 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.
| UYG | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.20 | -0.52 | +0.31 |
Sortino ratioReturn per unit of downside risk | -0.02 | -0.50 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.00 | 0.94 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.42 | +0.14 |
Martin ratioReturn relative to average drawdown | -0.81 | -0.89 | +0.08 |
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
| UYG | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | -0.52 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.08 | +0.06 |
Correlation
The correlation between UYG and BITO is 0.34, 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
UYG vs. BITO - Dividend Comparison
UYG's dividend yield for the trailing twelve months is around 14.57%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYG ProShares Ultra Financials | 14.57% | 11.72% | 0.51% | 0.79% | 0.77% | 9.39% | 0.66% | 0.90% | 1.28% | 0.56% | 0.76% | 0.72% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UYG vs. BITO - Drawdown Comparison
The maximum UYG drawdown since its inception was -97.90%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for UYG and BITO.
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Drawdown Indicators
| UYG | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.90% | -77.86% | -20.04% |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | -50.05% | +21.14% |
Max Drawdown (5Y)Largest decline over 5 years | -47.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.98% | — | — |
Current DrawdownCurrent decline from peak | -24.26% | -46.75% | +22.49% |
Average DrawdownAverage peak-to-trough decline | -63.77% | -36.57% | -27.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.20% | 23.73% | -13.53% |
Volatility
UYG vs. BITO - Volatility Comparison
The current volatility for ProShares Ultra Financials (UYG) is 9.56%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.84%. This indicates that UYG experiences smaller price fluctuations and is considered to be less risky 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
| UYG | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.56% | 12.84% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 23.03% | 36.71% | -13.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.60% | 45.32% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.15% | 55.77% | -19.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.07% | 55.77% | -14.70% |