PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
XBTF vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between XBTF and BITO is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

XBTF vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Bitcoin Strategy ETF (XBTF) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
-38.45%
29.22%
XBTF
BITO

Key characteristics

Returns By Period


XBTF

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

BITO

YTD

113.45%

1M

1.10%

6M

45.67%

1Y

103.62%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


XBTF vs. BITO - Expense Ratio Comparison

XBTF has a 0.65% expense ratio, which is lower than BITO's 0.95% expense ratio.


BITO
ProShares Bitcoin Strategy ETF
Expense ratio chart for BITO: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for XBTF: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%

Risk-Adjusted Performance

XBTF vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin Strategy ETF (XBTF) 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.


Sharpe ratio
The chart of Sharpe ratio for XBTF, currently valued at -0.10, compared to the broader market0.002.004.00-0.101.82
The chart of Sortino ratio for XBTF, currently valued at -0.05, compared to the broader market-2.000.002.004.006.008.0010.00-0.052.47
The chart of Omega ratio for XBTF, currently valued at 0.98, compared to the broader market0.501.001.502.002.503.000.981.29
The chart of Calmar ratio for XBTF, currently valued at -0.03, compared to the broader market0.005.0010.0015.00-0.032.37
The chart of Martin ratio for XBTF, currently valued at -0.17, compared to the broader market0.0020.0040.0060.0080.00100.00-0.177.75
XBTF
BITO


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
-0.10
1.82
XBTF
BITO

Dividends

XBTF vs. BITO - Dividend Comparison

XBTF has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 52.26%.


TTM2023
XBTF
VanEck Bitcoin Strategy ETF
101.35%0.18%
BITO
ProShares Bitcoin Strategy ETF
52.26%15.14%

Drawdowns

XBTF vs. BITO - Drawdown Comparison


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-38.45%
-9.85%
XBTF
BITO

Volatility

XBTF vs. BITO - Volatility Comparison

The current volatility for VanEck Bitcoin Strategy ETF (XBTF) is 0.00%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 16.28%. This indicates that XBTF 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.


0.00%5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember0
16.28%
XBTF
BITO
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab