UYM vs. BITO
Compare and contrast key facts about ProShares Ultra Basic Materials (UYM) and ProShares Bitcoin Strategy ETF (BITO).
UYM and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Basic Materials 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
UYM vs. BITO - Performance Comparison
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UYM vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UYM ProShares Ultra Basic Materials | 21.88% | 9.46% | -8.00% | 17.47% | -23.10% | 14.11% |
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, UYM achieves a 21.88% return, which is significantly higher than BITO's -22.79% return.
UYM
- 1D
- 2.07%
- 1M
- -10.24%
- YTD
- 21.88%
- 6M
- 26.46%
- 1Y
- 28.20%
- 3Y*
- 9.93%
- 5Y*
- 6.72%
- 10Y*
- 12.79%
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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UYM vs. BITO - Expense Ratio Comparison
Both UYM and BITO have an expense ratio of 0.95%.
Return for Risk
UYM vs. BITO — Risk / Return Rank
UYM
BITO
UYM vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) 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.
| UYM | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | -0.52 | +1.19 |
Sortino ratioReturn per unit of downside risk | 1.20 | -0.50 | +1.70 |
Omega ratioGain probability vs. loss probability | 1.15 | 0.94 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | -0.42 | +1.46 |
Martin ratioReturn relative to average drawdown | 3.22 | -0.89 | +4.10 |
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
| UYM | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | -0.52 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | -0.08 | +0.16 |
Correlation
The correlation between UYM and BITO is 0.30, 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
UYM vs. BITO - Dividend Comparison
UYM's dividend yield for the trailing twelve months is around 1.24%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYM ProShares Ultra Basic Materials | 1.24% | 1.47% | 0.98% | 0.28% | 0.88% | 0.52% | 0.56% | 1.24% | 0.94% | 0.38% | 0.55% | 0.42% |
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
UYM vs. BITO - Drawdown Comparison
The maximum UYM drawdown since its inception was -92.77%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for UYM and BITO.
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Drawdown Indicators
| UYM | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.77% | -77.86% | -14.91% |
Max Drawdown (1Y)Largest decline over 1 year | -28.11% | -50.05% | +21.94% |
Max Drawdown (5Y)Largest decline over 5 years | -48.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.31% | — | — |
Current DrawdownCurrent decline from peak | -11.72% | -46.75% | +35.03% |
Average DrawdownAverage peak-to-trough decline | -42.41% | -36.57% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.12% | 23.73% | -14.61% |
Volatility
UYM vs. BITO - Volatility Comparison
The current volatility for ProShares Ultra Basic Materials (UYM) is 11.88%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.84%. This indicates that UYM 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
| UYM | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.88% | 12.84% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 25.01% | 36.71% | -11.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.04% | 45.32% | -3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.32% | 55.77% | -16.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.73% | 55.77% | -13.04% |