XCEM vs. BITO
Compare and contrast key facts about Columbia EM Core ex-China ETF (XCEM) and ProShares Bitcoin Strategy ETF (BITO).
XCEM and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCEM is a passively managed fund by Ameriprise Financial that tracks the performance of the MSCI Emerging Markets ex China Index. It was launched on Sep 2, 2015. 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: XCEM or BITO.
Key characteristics
| XCEM | BITO | |
|---|---|---|
| YTD Return | 5.65% | 71.92% |
| 1Y Return | 17.58% | 93.59% |
| 3Y Return (Ann) | 1.01% | -0.59% |
| Sharpe Ratio | 1.17 | 1.73 |
| Sortino Ratio | 1.64 | 2.36 |
| Omega Ratio | 1.21 | 1.27 |
| Calmar Ratio | 1.11 | 1.92 |
| Martin Ratio | 5.94 | 7.28 |
| Ulcer Index | 2.82% | 13.51% |
| Daily Std Dev | 14.36% | 56.67% |
| Max Drawdown | -40.92% | -77.86% |
| Current Drawdown | -5.36% | -1.77% |
Correlation
The correlation between XCEM and BITO is 0.38, 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.
Performance
XCEM vs. BITO - Performance Comparison
In the year-to-date period, XCEM achieves a 5.65% return, which is significantly lower than BITO's 71.92% return. 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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XCEM vs. BITO - Expense Ratio Comparison
XCEM has a 0.16% expense ratio, which is lower than BITO's 0.95% expense ratio.
Risk-Adjusted Performance
XCEM vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia EM Core ex-China ETF (XCEM) 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
XCEM vs. BITO - Dividend Comparison
XCEM's dividend yield for the trailing twelve months is around 1.15%, less than BITO's 58.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCEM Columbia EM Core ex-China ETF | 1.15% | 1.22% | 2.42% | 1.94% | 1.63% | 2.11% | 3.24% | 8.57% | 1.24% | 2.57% |
BITO ProShares Bitcoin Strategy ETF | 58.91% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XCEM vs. BITO - Drawdown Comparison
The maximum XCEM drawdown since its inception was -40.92%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for XCEM and BITO. For additional features, visit the drawdowns tool.
Volatility
XCEM vs. BITO - Volatility Comparison
The current volatility for Columbia EM Core ex-China ETF (XCEM) is 3.42%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 14.61%. This indicates that XCEM 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.