XCEM vs. BITO

Last updated Jun 4, 2026

XCEM (Columbia EM Core ex-China ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - XCEM is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while BITO is a Cryptocurrency fund actively managed by ProShares. XCEM is passively managed, while BITO is actively managed. Over the past 3 years, XCEM returned 26.37%/yr vs 25.27%/yr for BITO. At a 0.38 correlation, their price movements are largely independent. XCEM charges 0.16%/yr vs 0.95%/yr for BITO.

Performance

XCEM vs. BITO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia EM Core ex-China ETF (XCEM) and ProShares Bitcoin Strategy ETF (BITO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCEM achieves a 38.32% return, which is significantly higher than BITO's -26.37% return.

XCEM

• 1D: -1.25%
• 1M: 12.13%
• YTD: 38.32%
• 6M: 44.13%
• 1Y: 71.14%
• 3Y*: 26.37%
• 5Y*: 11.95%
• 10Y*: 12.99%

BITO

• 1D: -2.94%
• 1M: -18.61%
• YTD: -26.37%
• 6M: -30.81%
• 1Y: -41.01%
• 3Y*: 25.27%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XCEM vs. BITO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XCEM Columbia EM Core ex-China ETF	38.32%	34.05%	0.42%	19.96%	-17.59%	-2.19%
BITO ProShares Bitcoin Strategy ETF	-26.37%	-11.19%	104.45%	137.33%	-63.91%	-31.09%

Correlation

The correlation between XCEM and BITO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021	0.38

The correlation between XCEM and BITO shifts across timeframes, from 0.31 (3 years) to 0.46 (1 year), reflecting how their relationship changes across market environments.

XCEM vs. BITO - Sectors Allocation Comparison

Sectors	XCEM	BITO
Financial Services	7.7%	68.5%
Communication Services	4.2%	-
Utilities	1.9%	-
Technology	1.1%	-
Consumer Cyclical	1.1%	-
Basic Materials	0.7%	-
Industrials	0.4%	-
Consumer Defensive	0.3%	-
Energy	0.2%	-
Healthcare	0.1%	-
Real Estate	0.0%	-

Return for Risk

XCEM vs. BITO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XCEM

XCEM Risk / Return Rank: 90
XCEM Sharpe Ratio Rank: 92
XCEM Sortino Ratio Rank: 90
XCEM Omega Ratio Rank: 91
XCEM Calmar Ratio Rank: 87
XCEM Martin Ratio Rank: 89

BITO

BITO Risk / Return Rank: 2
BITO Sharpe Ratio Rank: 2
BITO Sortino Ratio Rank: 2
BITO Omega Ratio Rank: 2
BITO Calmar Ratio Rank: 2
BITO Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XCEM vs. BITO - Risk-Adjusted Trends 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.

	XCEM	BITO	Difference
Sharpe ratio: Return per unit of total volatility	3.42	-0.95	+4.37
Sortino ratio: Return per unit of downside risk	4.27	-1.35	+5.62
Omega ratio: Gain probability vs. loss probability	1.61	0.85	+0.76
Calmar ratio: Return relative to maximum drawdown	4.95	-0.82	+5.77
Martin ratio: Return relative to average drawdown	19.98	-1.41	+21.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCEM vs. BITO - Sharpe Ratio Comparison

The current XCEM Sharpe Ratio is 3.42, which is higher than the BITO Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of XCEM and BITO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XCEM	BITO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.42	-0.95	+4.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	-0.09	+0.72

Drawdowns

XCEM vs. BITO - Drawdown Comparison

The maximum XCEM drawdown since its inception was -41.24%, 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.

Drawdown Indicators

	XCEM	BITO	Difference
Max Drawdown Largest peak-to-trough decline	-41.24%	-77.86%	+36.62%
Max Drawdown (1Y) Largest decline over 1 year	-14.46%	-50.05%	+35.59%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-50.05%	+31.13%
Max Drawdown (5Y) Largest decline over 5 years	-29.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.24%	—	—
Current Drawdown Current decline from peak	-1.25%	-49.22%	+47.97%
Average Drawdown Average peak-to-trough decline	-8.59%	-36.73%	+28.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	29.09%	-25.52%

Volatility

XCEM vs. BITO - Volatility Comparison

Columbia EM Core ex-China ETF (XCEM) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 9.43% and 9.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCEM	BITO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	9.43%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	18.72%	34.26%	-15.54%
Volatility (1Y) Calculated over the trailing 1-year period	20.89%	43.57%	-22.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.75%	55.11%	-37.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	55.11%	-35.39%

XCEM vs. BITO - Expense Ratio Comparison

XCEM has a 0.16% expense ratio, which is lower than BITO's 0.95% expense ratio.

Dividends

XCEM vs. BITO - Dividend Comparison

XCEM's dividend yield for the trailing twelve months is around 2.35%, less than BITO's 67.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BITO ProShares Bitcoin Strategy ETF	67.63%	78.29%	61.59%	15.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XCEM Columbia EM Core ex-China ETF	2.35%	3.25%	2.76%	1.22%	2.42%	1.94%	1.63%	2.11%	2.70%	9.56%	1.24%	2.63%

Frequently Asked Questions

Can I hold both XCEM and BITO in my portfolio?

XCEM and BITO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XCEM or BITO?

BITO has higher volatility (9.43%) compared to XCEM (9.43%). In terms of maximum drawdown, XCEM dropped -41.24% vs BITO's -77.86%.

Which ETF is better, XCEM or BITO?

On 3-year performance, XCEM leads with 26.37% vs 25.27% for BITO. On fees, XCEM is cheaper at 0.16% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XCEM or BITO?

Over the 3-year period, XCEM has performed better with a 26.37% return vs 25.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XCEM or BITO?

XCEM is cheaper with a 0.16% expense ratio, compared with 0.95% for BITO.

Which ETF pays a higher dividend yield, XCEM or BITO?

BITO has the higher dividend yield at 67.63%, compared with 2.35% for XCEM.

What is the main difference between XCEM and BITO?

XCEM is categorized as Emerging Markets Equities, while BITO is Cryptocurrency. They also come from different issuers: Ameriprise Financial and ProShares. Their fees differ too: 0.16% for XCEM and 0.95% for BITO.

Which has better risk-adjusted returns?

XCEM currently has the higher Sharpe Ratio (3.42 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.