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XCEM vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.

-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
-0.86%
38.10%
XCEM
BITO

Returns By Period

In the year-to-date period, XCEM achieves a 2.84% return, which is significantly lower than BITO's 119.51% return.


XCEM

YTD

2.84%

1M

-4.01%

6M

-0.22%

1Y

9.91%

5Y (annualized)

4.79%

10Y (annualized)

N/A

BITO

YTD

119.51%

1M

44.98%

6M

42.52%

1Y

140.15%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


XCEMBITO
Sharpe Ratio0.682.53
Sortino Ratio1.003.01
Omega Ratio1.131.36
Calmar Ratio0.812.95
Martin Ratio3.0210.78
Ulcer Index3.19%13.50%
Daily Std Dev14.17%57.58%
Max Drawdown-40.92%-77.86%
Current Drawdown-7.87%0.00%

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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.


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 XCEM: current value at 0.16% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.16%

Correlation

-0.50.00.51.00.4

The correlation between XCEM and BITO is 0.37, 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.

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.


Sharpe ratio
The chart of Sharpe ratio for XCEM, currently valued at 0.68, compared to the broader market0.002.004.000.682.53
The chart of Sortino ratio for XCEM, currently valued at 1.00, compared to the broader market-2.000.002.004.006.008.0010.001.003.01
The chart of Omega ratio for XCEM, currently valued at 1.13, compared to the broader market0.501.001.502.002.503.001.131.36
The chart of Calmar ratio for XCEM, currently valued at 0.83, compared to the broader market0.005.0010.0015.000.832.95
The chart of Martin ratio for XCEM, currently valued at 3.02, compared to the broader market0.0020.0040.0060.0080.00100.003.0210.78
XCEM
BITO

The current XCEM Sharpe Ratio is 0.68, which is lower than the BITO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of XCEM and BITO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
0.68
2.53
XCEM
BITO

Dividends

XCEM vs. BITO - Dividend Comparison

XCEM's dividend yield for the trailing twelve months is around 1.19%, less than BITO's 46.14% yield.


TTM202320222021202020192018201720162015
XCEM
Columbia EM Core ex-China ETF
1.19%1.22%2.42%1.94%1.63%2.11%3.24%8.57%1.24%2.57%
BITO
ProShares Bitcoin Strategy ETF
46.14%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.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.87%
0
XCEM
BITO

Volatility

XCEM vs. BITO - Volatility Comparison

The current volatility for Columbia EM Core ex-China ETF (XCEM) is 3.41%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.04%. 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.


5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
3.41%
18.04%
XCEM
BITO