BITO vs RYLD
Comparison between PROSHARES BITCOIN STRATEGY ETF (BITO, ETF) and GLOBAL X RUSSELL 2000 COVERED CALL ETF (RYLD, ETF).
5-Year PerformanceRYLD has outperformed BITO, delivering a return of +3.3% compared to -5.0%
BITO vs RYLD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
BITO vs RYLD - Historical Returns
Returns include dividend reinvestment.
BITO vs RYLD - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | BITO | RYLD |
|---|---|---|
| 2026 | -29.62% | +13.08% |
| 2025 | -14.44% | +5.55% |
| 2024 | +92.27% | +10.31% |
| 2023 | +135.98% | +0.38% |
| 2022 | -63.97% | -13.44% |
| 2021 | -31.09% | +23.31% |
| 2020 | N/A | -0.35% |
| 2019 | N/A | +8.91% |
BITO vs RYLD Drawdown Comparison
The maximum drawdown for BITO was -77.86%, occurring on Nov 21, 2022. Recovery took 755 trading sessions.
The maximum drawdown for RYLD was -41.52%, occurring on Mar 18, 2020. Recovery took 223 trading sessions.
The current BITO drawdown is -49.96%. The current RYLD drawdown is -0.06%.
| Rank | BITO | RYLD |
|---|---|---|
| #1 | -77.86% Nov 9, 2021 - Nov 11, 2024 | -41.52% Feb 20, 2020 - Jan 7, 2021 |
| #2 | -54.24% Oct 6, 2025 - Jun 30, 2026 | -21.36% Nov 19, 2021 - Jan 5, 2026 |
| #3 | -29.78% Dec 17, 2024 - May 22, 2025 | -6.30% Feb 26, 2026 - May 1, 2026 |
| #4 | -12.26% Aug 13, 2025 - Oct 6, 2025 | -5.29% Jul 30, 2019 - Oct 28, 2019 |
| #5 | -12.06% Oct 20, 2021 - Nov 9, 2021 | -4.66% Jan 16, 2020 - Feb 13, 2020 |
| #6 | -8.65% May 22, 2025 - Jul 10, 2025 | -4.46% Apr 28, 2021 - May 24, 2021 |
| #7 | -8.58% Nov 22, 2024 - Dec 6, 2024 | -4.23% Jul 1, 2021 - Aug 11, 2021 |
| #8 | -5.82% Jul 14, 2025 - Aug 13, 2025 | -4.21% Mar 22, 2021 - Apr 1, 2021 |
| #9 | -5.40% Dec 6, 2024 - Dec 16, 2024 | -4.08% May 3, 2019 - Jun 13, 2019 |
| #10 | -2.52% Nov 12, 2024 - Nov 15, 2024 | -3.68% Mar 1, 2021 - Mar 10, 2021 |
| #11 | N/A | -2.73% Aug 12, 2021 - Aug 27, 2021 |
| #12 | N/A | -2.61% Jan 22, 2026 - Feb 9, 2026 |
| #13 | N/A | -2.60% Jan 22, 2021 - Feb 3, 2021 |
| #14 | N/A | -2.05% Feb 24, 2021 - Mar 1, 2021 |
| #15 | N/A | -2.04% Apr 16, 2021 - Apr 23, 2021 |
Correlation
Correlation between BITO and RYLD is 0.39 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
Dividend Comparison (2019 - 2026)
BITO vs RYLD dividend yield comparison.
| Year | BITO | RYLD |
|---|---|---|
| 2026 | 0.96% | 6.75% |
| 2025 | 78.29% | 12.00% |
| 2024 | 61.59% | 12.03% |
| 2023 | 15.14% | 12.64% |
| 2022 | 0.00% | 13.49% |
| 2021 | 0.00% | 12.35% |
| 2020 | 0.00% | 10.76% |
| 2019 | 0.00% | 6.43% |
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