BITC vs SSO
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF vs ProShares Ultra S&P500
Which is better, BITC or SSO?
SSO has been ahead.
SSO has a lower expense ratio. SSO led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BITC | SSO |
|---|---|---|
| Expense Ratio | 0.88% | 0.84%Best |
| AUM | $14M | $9.2B |
| Dividend Yield | 77.90% | 0.69% |
| Holdings | 3 | 521 |
| YTD Return | +3.13% | +21.98%Best |
| 1Y Return | -7.62% | +28.56%Best |
| 3Y Return (annualized) | +34.02% | +37.60%Best |
| 5Y Return (annualized) | - | +17.88% |
| Volatility (annualized) | 43.6% | 25.2%Best |
| Max Drawdown | -33.2%Best | -35.2% |
| $10,000 over 3.6 years | $23,183 | $30,444Best |
| Fund Family | Bitwise | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Mar 20, 2023 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Mar 21, 2023 to Oct 14, 2026 (3.6 years).
BITC vs SSO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.6 years both funds cover.
BITC vs SSO Performance
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) is an ETF from Bitwise and ProShares Ultra S&P500 (SSO) is an ETF from ProShares. Over the past year BITC returned -7.62% while SSO returned +28.56%. Year to date, BITC is up 3.13% versus a gain of 21.98% for SSO.
Over three years, BITC compounded at +34.02% per year against +37.60% for SSO. Across the full 4-year window we track, SSO has the edge at +36.24% annualized vs +26.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITC has been the more volatile fund, with annualized monthly volatility of 43.6% compared with 25.2% for SSO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.2% for BITC and -35.2% for SSO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BITC charges 0.88% per year while SSO charges 0.84%. On a $10,000 position that is $88 vs $84 annually, a gap of $4 per year that compounds over a long holding period. On income, BITC currently yields 77.90% against 0.69% for SSO.
Holdings Overlap
We hold position weights for 1 holding in BITC and 504 in SSO, totalling 13.5% and 82.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in BITC and 504 in SSO, against full books of 3 and 521.
You are not choosing between two funds in isolation.
Whichever of BITC and SSO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BITC or SSO?
BITC has an expense ratio of 0.88% while SSO charges 0.84%. SSO is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, BITC or SSO?
Over the past year BITC returned -7.62% vs +28.56% for SSO, so SSO leads on 1-year performance. Over the longest common window we track (4 years), BITC annualized +26.31% vs +36.24% for SSO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BITC or SSO?
BITC has been the more volatile fund at 43.6% annualized versus 25.2% for SSO. Worst drawdown: BITC -33.2% vs SSO -35.2%.
Should I hold both BITC and SSO?
BITC and SSO have a monthly-return correlation of 0.37, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BITC or SSO?
BITC yields 77.90% while SSO yields 0.69%, so BITC currently pays the higher dividend yield.
Is SSO better than BITC?
SSO has a lower expense ratio. SSO led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.