BITC vs UPRO
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF vs ProShares UltraPro S&P 500
Which is better, BITC or UPRO?
UPRO has been ahead.
UPRO 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 | UPRO |
|---|---|---|
| Expense Ratio | 0.88%Tie | 0.88%Tie |
| AUM | $14M | $5.7B |
| Dividend Yield | 77.90% | 0.77% |
| Holdings | 3 | 520 |
| YTD Return | +3.13% | +29.25%Best |
| 1Y Return | -7.62% | +38.25%Best |
| 3Y Return (annualized) | +34.02% | +51.43%Best |
| 5Y Return (annualized) | - | +19.36% |
| Volatility (annualized) | 43.6% | 38.6%Best |
| Max Drawdown | -33.2%Best | -49.1% |
| $10,000 over 3.6 years | $23,183 | $42,368Best |
| Fund Family | Bitwise | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Mar 20, 2023 | Jun 23, 2009 |
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 UPRO 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 UPRO Performance
Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) is an ETF from Bitwise and ProShares UltraPro S&P 500 (UPRO) is an ETF from ProShares. Over the past year BITC returned -7.62% while UPRO returned +38.25%. Year to date, BITC is up 3.13% versus a gain of 29.25% for UPRO.
Over three years, BITC compounded at +34.02% per year against +51.43% for UPRO. Across the full 4-year window we track, UPRO has the edge at +49.34% 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 38.6% for UPRO. 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 -49.1% for UPRO. 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 UPRO charges 0.88%. On a $10,000 position that is $88 vs $88 annually. On income, BITC currently yields 77.90% against 0.77% for UPRO.
Holdings Overlap
We hold position weights for 1 holding in BITC and 502 in UPRO, totalling 13.5% and 72.5% 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 502 in UPRO, against full books of 3 and 520.
You are not choosing between two funds in isolation.
Whichever of BITC and UPRO 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 UPRO?
BITC has an expense ratio of 0.88% while UPRO charges 0.88%. At the precision these are quoted to, they cost the same.
Which performed better, BITC or UPRO?
Over the past year BITC returned -7.62% vs +38.25% for UPRO, so UPRO leads on 1-year performance. Over the longest common window we track (4 years), BITC annualized +26.31% vs +49.34% for UPRO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BITC or UPRO?
BITC has been the more volatile fund at 43.6% annualized versus 38.6% for UPRO. Worst drawdown: BITC -33.2% vs UPRO -49.1%.
Should I hold both BITC and UPRO?
BITC and UPRO 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 UPRO?
BITC yields 77.90% while UPRO yields 0.77%, so BITC currently pays the higher dividend yield.
Is UPRO better than BITC?
UPRO 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.