XBTF vs. BITO
Compare and contrast key facts about VanEck Bitcoin Strategy ETF (XBTF) and ProShares Bitcoin Strategy ETF (BITO).
XBTF and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBTF is an actively managed fund by VanEck. It was launched on Nov 15, 2021. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBTF or BITO.
Key characteristics
| XBTF | BITO |
|---|
Correlation
The correlation between XBTF and BITO is 0.82, 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.
Performance
XBTF vs. BITO - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBTF vs. BITO - Expense Ratio Comparison
XBTF has a 0.65% expense ratio, which is lower than BITO's 0.95% expense ratio.
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.
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 50.41%.
| TTM | 2023 | |
|---|---|---|
XBTF VanEck Bitcoin Strategy ETF | 101.35% | 0.18% |
BITO ProShares Bitcoin Strategy ETF | 50.41% | 15.14% |
Drawdowns
XBTF vs. BITO - Drawdown Comparison
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 17.98%. 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.