BITO vs NHYB
Comparison between PROSHARES BITCOIN STRATEGY ETF (BITO, ETF) and Nuveen High Yield Corporate Bond ETF (NHYB, ETF).
BITO vs NHYB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BITO
$1.70B
NHYB
$1.70B
Expense Ratio
BITO
0.95%
Winner
NHYB
0.08%
Max Drawdown
BITO
81.02%
Winner
NHYB
3.23%
Sharpe Ratio
BITO
-1.20
Winner
NHYB
0.23
5Y Beta
BITO
1.28
Winner
NHYB
0.21
BITO vs NHYB - Historical Returns
Returns include dividend reinvestment.
1M
BITO
-21.54%
Winner
NHYB
+0.69%
3M
BITO
-10.51%
Winner
NHYB
+2.33%
6M
BITO
-30.72%
Winner
NHYB
+2.41%
1Y
BITO
-42.58%
NHYB
N/A
5Y(CAGR)
BITO
-5.38%
NHYB
N/A
Max(CAGR)
BITO
-5.38%
Winner
NHYB
+4.56%
BITO vs NHYB - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | BITO | NHYB |
|---|---|---|
| 2026 | -30.22% | +1.79% |
| 2025 | -14.44% | +1.30% |
| 2024 | +92.27% | N/A |
| 2023 | +135.98% | N/A |
| 2022 | -63.97% | N/A |
| 2021 | -31.09% | N/A |
BITO vs NHYB Drawdown Comparison
The maximum drawdown for BITO was -77.86%, occurring on Nov 21, 2022. Recovery took 755 trading sessions.
The maximum drawdown for NHYB was -2.40%, occurring on Mar 27, 2026. Recovery took 35 trading sessions.
The current BITO drawdown is -50.39%.
| Rank | BITO | NHYB |
|---|---|---|
| #1 | -77.86% Nov 9, 2021 - Nov 11, 2024 | -2.40% Feb 20, 2026 - Apr 13, 2026 |
| #2 | -52.86% Oct 6, 2025 - Jun 5, 2026 | -1.18% Oct 1, 2025 - Oct 24, 2025 |
| #3 | -29.78% Dec 17, 2024 - May 22, 2025 | -0.94% Oct 27, 2025 - Nov 25, 2025 |
| #4 | -12.26% Aug 13, 2025 - Oct 6, 2025 | -0.89% Apr 17, 2026 - May 26, 2026 |
| #5 | -12.06% Oct 20, 2021 - Nov 9, 2021 | -0.51% Jun 2, 2026 - Jun 10, 2026 |
| #6 | -8.65% May 22, 2025 - Jul 10, 2025 | -0.36% Dec 3, 2025 - Dec 23, 2025 |
| #7 | -8.58% Nov 22, 2024 - Dec 6, 2024 | -0.24% Sep 24, 2025 - Sep 29, 2025 |
| #8 | -5.82% Jul 14, 2025 - Aug 13, 2025 | -0.20% Jan 16, 2026 - Jan 22, 2026 |
| #9 | -5.40% Dec 6, 2024 - Dec 16, 2024 | -0.18% Jan 26, 2026 - Feb 2, 2026 |
| #10 | -2.52% Nov 12, 2024 - Nov 15, 2024 | -0.18% Feb 2, 2026 - Feb 6, 2026 |
| #11 | N/A | -0.13% Nov 26, 2025 - Dec 3, 2025 |
| #12 | N/A | -0.08% Dec 24, 2025 - Jan 2, 2026 |
| #13 | N/A | -0.07% Jan 7, 2026 - Jan 9, 2026 |
| #14 | N/A | -0.06% Feb 10, 2026 - Feb 13, 2026 |
| #15 | N/A | -0.06% Sep 29, 2025 - Oct 1, 2025 |
Correlation
Correlation between BITO and NHYB is -0.80 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.80
-101
Dividend Comparison (2023 - 2026)
BITO vs NHYB dividend yield comparison.
| Year | BITO | NHYB |
|---|---|---|
| 2026 | 0.69% | 2.95% |
| 2025 | 78.29% | 1.28% |
| 2024 | 61.59% | 0.00% |
| 2023 | 15.14% | 0.00% |
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