XCEM vs. BITO
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 24.94%/yr vs 18.00%/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
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Returns By Period
In the year-to-date period, XCEM achieves a 34.20% return, which is significantly higher than BITO's -29.93% return.
XCEM
- 1D
- -6.33%
- 1M
- 4.21%
- YTD
- 34.20%
- 6M
- 36.41%
- 1Y
- 61.17%
- 3Y*
- 24.94%
- 5Y*
- 11.50%
- 10Y*
- 12.62%
BITO
- 1D
- -3.31%
- 1M
- -18.05%
- YTD
- -29.93%
- 6M
- -30.03%
- 1Y
- -42.09%
- 3Y*
- 18.00%
- 5Y*
- —
- 10Y*
- —
XCEM vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCEM Columbia EM Core ex-China ETF | 34.20% | 34.05% | 0.42% | 19.96% | -17.59% | -1.48% |
BITO ProShares Bitcoin Strategy ETF | -29.93% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between XCEM and BITO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.38 |
The correlation between XCEM and BITO shifts across timeframes, from 0.33 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XCEM vs. BITO — Risk / Return Rank
XCEM
BITO
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XCEM | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.49 | ||
| Sortino ratioReturn per unit of downside risk | +4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.85 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | -0.80 | +5.05 |
| Martin ratioReturn relative to average drawdown | 16.39 | -1.35 | +17.74 |
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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.
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Drawdown Indicators
| XCEM | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.24% | -77.86% | +36.62% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -53.10% | +38.64% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -53.10% | +34.18% |
Max Drawdown (5Y)Largest decline over 5 years | -29.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.24% | — | — |
Current DrawdownCurrent decline from peak | -6.33% | -51.67% | +45.34% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -36.86% | +28.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 31.28% | -27.54% |
Volatility
XCEM vs. BITO - Volatility Comparison
Columbia EM Core ex-China ETF (XCEM) has a higher volatility of 14.01% compared to ProShares Bitcoin Strategy ETF (BITO) at 12.79%. This indicates that XCEM's price experiences larger fluctuations and is considered to be riskier 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
| XCEM | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.01% | 12.79% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 22.56% | 34.39% | -11.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.28% | 44.08% | -19.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 55.02% | -36.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 55.02% | -35.08% |
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 2.42%, less than BITO's 71.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 71.07% | 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 | 2.42% | 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
XCEM and BITO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XCEM has higher volatility (14.01%) compared to BITO (12.79%). In terms of maximum drawdown, XCEM dropped -41.24% vs BITO's -77.86%.
On 3-year performance, XCEM leads with 24.94% vs 18.00% for BITO. On fees, XCEM is cheaper at 0.16% per year. On volatility, BITO has been the lower-risk option at 12.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XCEM has performed better with a 24.94% return vs 18.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XCEM is cheaper with a 0.16% expense ratio, compared with 0.95% for BITO.
BITO has the higher dividend yield at 71.07%, compared with 2.42% for XCEM.
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.
XCEM currently has the higher Sharpe Ratio (2.53 vs -0.96), 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.
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