FIW vs BITO

Comparison between FIRST TRUST WATER ETF (FIW, ETF) and PROSHARES BITCOIN STRATEGY ETF (BITO, ETF).

5-Year PerformanceFIW has outperformed BITO, delivering a return of +5.6% compared to +0.0%

FIW vs BITO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FIW(ETF)	BITO(ETF)
Net Assets	$1.80B	$1.90B
Expense Ratio	0.50%	0.95%
Max Drawdown	53.09%	79.69%
Sharpe Ratio	-0.03	-0.45
5Y Beta	0.76	1.28
P/E Ratio	25.90	N/A
Forward P/E	19.52	N/A
5Y Dividends CAGR	15.26%	N/A
5Y EPS CAGR	12.96%	N/A
Debt to Equity	7.21%	N/A
P/S Ratio	2.33	N/A
P/B Ratio	3.81	N/A

Net Assets

FIW

$1.80B

Winner

BITO

$1.90B

Expense Ratio

Winner

FIW

0.50%

BITO

0.95%

Max Drawdown

Winner

FIW

53.09%

BITO

79.69%

Sharpe Ratio

Winner

FIW

-0.03

BITO

-0.45

5Y Beta

Winner

FIW

0.76

BITO

1.28

P/E Ratio

FIW

25.90

BITO

N/A

Forward P/E

FIW

19.52

BITO

N/A

5Y Dividends CAGR

FIW

15.26%

BITO

N/A

5Y EPS CAGR

FIW

12.96%

BITO

N/A

Debt to Equity

FIW

7.21%

BITO

N/A

P/S Ratio

FIW

2.33

BITO

N/A

P/B Ratio

FIW

3.81

BITO

N/A

FIW vs BITO - Historical Returns

Returns include dividend reinvestment.

Period	FIW	BITO
1 month	-2.23%	+11.49%
3 months	-8.87%	+20.35%
6 months	-6.26%	-21.28%
1 year	-0.72%	-22.44%
5 years(CAGR)	+5.56%	+0.00%
10 years(CAGR)	+12.38%	N/A
Max(CAGR)	+9.86%	+0.00%

FIW

-2.23%

Winner

BITO

+11.49%

FIW

-8.87%

Winner

BITO

+20.35%

Winner

FIW

-6.26%

BITO

-21.28%

Winner

FIW

-0.72%

BITO

-22.44%

5Y(CAGR)

Winner

FIW

+5.56%

BITO

+0.00%

10Y(CAGR)

FIW

+12.38%

BITO

N/A

Max(CAGR)

Winner

FIW

+9.86%

BITO

+0.00%

FIW vs BITO - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FIW	BITO
2026	-4.36%	-9.78%
2025	+7.87%	-14.44%
2024	+9.21%	+92.27%
2023	+20.40%	+135.98%
2022	-14.55%	-63.97%
2021	+34.09%	-31.09%
2020	+21.07%	N/A
2019	+37.78%	N/A
2018	-9.11%	N/A
2017	+23.30%	N/A
2016	+34.28%	N/A
2015	-9.41%	N/A
2014	+1.96%	N/A
2013	+27.47%	N/A
2012	+24.03%	N/A
2011	-6.46%	N/A
2010	+17.62%	N/A
2009	+17.83%	N/A
2008	-27.98%	N/A
2007	+11.37%	N/A

FIW vs BITO Drawdown Comparison

The maximum drawdown for FIW was -52.75%, occurring on Mar 9, 2009. Recovery took 712 trading sessions.

The maximum drawdown for BITO was -77.86%, occurring on Nov 21, 2022. Recovery took 755 trading sessions.

The current FIW drawdown is -9.61%. The current BITO drawdown is -35.86%.

Rank	FIW	BITO
#1	-52.75% Jun 5, 2008 - Apr 1, 2011	-77.86% Nov 9, 2021 - Nov 11, 2024
#2	-36.60% Feb 19, 2020 - Oct 8, 2020	-49.79% Oct 6, 2025 - Feb 5, 2026
#3	-28.54% Nov 19, 2021 - Dec 14, 2023	-29.78% Dec 17, 2024 - May 22, 2025
#4	-25.13% Jul 7, 2011 - Feb 23, 2012	-12.26% Aug 13, 2025 - Oct 6, 2025
#5	-22.21% Jun 20, 2014 - Apr 20, 2016	-12.06% Oct 20, 2021 - Nov 9, 2021
#6	-19.49% Sep 20, 2018 - Feb 25, 2019	-8.65% May 22, 2025 - Jul 10, 2025
#7	-18.97% Oct 9, 2007 - May 28, 2008	-8.58% Nov 22, 2024 - Dec 6, 2024
#8	-18.32% Nov 6, 2024 - Jul 3, 2025	-5.82% Jul 14, 2025 - Aug 13, 2025
#9	-12.74% Jan 22, 2026 - Mar 30, 2026	-5.40% Dec 6, 2024 - Dec 16, 2024
#10	-12.27% Apr 2, 2012 - Aug 16, 2012	-2.52% Nov 12, 2024 - Nov 15, 2024
#11	-9.60% Jul 19, 2007 - Sep 19, 2007	N/A
#12	-9.33% Jan 26, 2018 - Jul 26, 2018	N/A
#13	-8.79% Apr 6, 2011 - Jul 7, 2011	N/A
#14	-8.43% May 15, 2024 - Jul 31, 2024	N/A
#15	-7.96% May 21, 2013 - Jul 11, 2013	N/A

Correlation

Correlation between FIW and BITO is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2007 - 2026)

FIW vs BITO dividend yield comparison.

Year	FIW	BITO
2026	0.18%	0.41%
2025	0.69%	78.29%
2024	0.69%	61.59%
2023	0.68%	15.14%
2022	0.67%	0.00%
2021	0.37%	0.00%
2020	0.56%	0.00%
2019	0.55%	0.00%
2018	0.73%	0.00%
2017	1.13%	0.00%
2016	0.51%	0.00%
2015	0.76%	0.00%
2014	0.75%	0.00%
2013	0.62%	0.00%
2012	0.95%	0.00%
2011	0.91%	0.00%
2010	0.64%	0.00%
2009	1.04%	0.00%
2008	0.75%	0.00%
2007	0.20%	0.00%