ProShares Bitcoin Strategy ETF

10-Year Study

BITO.US · · US · ETF

Executive Summary: ProShares Bitcoin Strategy ETF has compounded at -1.2% annually over the last 10 years, with a maximum drawdown of 74.2% and an annualized volatility of 49.1%.

1Y CAGR
-33.0%
3Y CAGR
+33.1%
5Y CAGR
-1.2%
10Y CAGR
-1.2%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
74.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.19
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.36
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
57.1%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +137.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -63.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
40%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-4.6-22.02.911.2————————-14.8%
20257.9-17.4-2.713.810.72.48.0-7.85.4-4.5-17.6-3.9-11.2%
20240.145.013.3-17.814.0-11.88.0-10.67.99.838.4-5.1104.4%
202340.3-0.222.12.1-8.712.5-5.1-11.02.828.18.110.1137.3%
2022-16.49.28.3-16.5-17.7-40.927.7-16.7-3.04.8-14.9-2.5-63.9%
2021——————————-9.4-21.0-28.4%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 49.1%. The dominant macroeconomic risk driver is BTC-USD.CC, accounting for 95.6% of variance. Idiosyncratic stock-specific factors contribute 1.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2021-10-0110000
2021-11-019059.170269444081
2021-12-017155.232979606097
2022-01-015981.677802524128
2022-02-016531.318398183326
2022-03-017071.056378007773
2022-04-015902.449888641426
2022-05-014860.112231975196
2022-06-012874.473121096991
2022-07-013671.699637538757
2022-08-013060.162234158697
2022-09-012968.5560504825535
2022-10-013112.1557709943663
2022-11-012649.1696143936415
2022-12-012582.321935455697
2023-01-013622.182628062361
2023-02-013614.4281409668542
2023-03-014413.185291934145
2023-04-014505.045635180576
2023-05-014114.535569238831
2023-06-014629.260666404646
2023-07-014392.067339185117
2023-08-013910.5244770513996
2023-09-014019.6772784837763
2023-10-015147.505131228438
2023-11-015566.384121577361
2023-12-016128.382462116249
2024-01-016137.354469627495
2024-02-018896.791999650639
2024-03-0110081.61404428141
2024-04-018287.277173675706
2024-05-019447.823922442029
2024-06-018336.095899384252
2024-07-019003.951264247347
2024-08-018053.24511987423
2024-09-018686.51382156426
2024-10-019541.29699986899
2024-11-0113206.049172452946
2024-12-0112528.526136512512
2025-01-0113523.98707367134
2025-02-0111172.31232804926
2025-03-0110875.492379579895
2025-04-0112371.864273549063
2025-05-0113693.97702956461
2025-06-0114017.866282370409
2025-07-0115144.947814315035
2025-08-0113964.998471548975
2025-09-0114713.37787676318
2025-10-0114057.169308703436
2025-11-0111577.067120834972
2025-12-0111126.85444779248
2026-01-0110614.433818070658
2026-02-018284.295317000742
2026-03-018520.853403205381
2026-04-019478.808332241582
Annual Return Matrix
YearAnnual Return
2022-0.6391002301649923
20231.3732062133588263
20241.0443446886613157
2025-0.11187841837477353
2026-0.14811428722138653
Total Factor Risk
0.49060548282997574
VTI.US Exposure
-0.07838688152560741
VEA.US Exposure
-0.01795835670682498
VWO.US Exposure
0.008739535500238397
QQQ.US Exposure
0.03945225153187204
VTV.US Exposure
0.0330503396873577
IJR.US Exposure
0.008622957503819492
QUAL.US Exposure
-0.0017735540792944058
SHV.US Exposure
0.024801210939414536
TLT.US Exposure
0.0015332988540978168
LQD.US Exposure
0.001680772038486956
HYG.US Exposure
-0.0030461721557576765
GLD.US Exposure
-0.00012286930246519049
USO.US Exposure
-0.000012937202878262533
VNQ.US Exposure
-0.002728016487798845
BTC-USD.CC Exposure
0.9559436468409858
CPER.US Exposure
0.000510952900577208
VIX.INDX Exposure
0.01021533562494288
UUP.US Exposure
0.005253284740994582
TIP.US Exposure
-0.0005829695342142045
Idiosyncratic Exposure
0.014808170832053618
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
100
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
49.1%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →94.83%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$19
Avg Yield on Cost
0.19%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$18.580.19%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+8.0%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-22.8%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
41.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is ProShares Bitcoin Strategy ETF a high-risk investment?

ProShares Bitcoin Strategy ETF (BITO.US) has an annualized volatility of 49.1% and experienced a maximum drawdown of 74.2% over the last 10 years. Its primary macro risk driver is BTC-USD.CC.

What is the 10-year return of BITO.US?

Over the past 10 years, BITO.US has generated a Compound Annual Growth Rate (CAGR) of -1.2%. It has had a positive return in 40% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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