BITO vs IVV
ProShares Bitcoin ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BITO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $1.4B | $865.2B | |
| Dividend Yield | 75.49% | 1.09% | |
| Holdings | 5 | 508 | |
| YTD Return | -30.21% | +13.80% | |
| 1Y Return | -48.34% | +23.01% | |
| 3Y Return (annualized) | +21.65% | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 56.1% | 15.1% | |
| Max Drawdown | -77.9% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 18, 2021 | May 15, 2000 |
BITO vs IVV Performance
ProShares Bitcoin ETF (BITO) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BITO returned -48.34% while IVV returned +23.01%. Year to date, BITO is down 30.21% versus a gain of 13.80% for IVV.
Over three years, BITO compounded at +21.65% per year against +21.77% for IVV. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs -5.37%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITO has been the more volatile fund, with annualized monthly volatility of 56.1% compared with 15.1% for IVV. 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 -77.9% for BITO and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITO charges 0.95% per year while IVV charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, BITO currently yields 75.49% against 1.09% for IVV.
Holdings Overlap
BITO and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BITO or IVV?
BITO has an expense ratio of 0.95% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, BITO or IVV?
Over the past year BITO returned -48.34% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), BITO annualized -5.37% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, BITO or IVV?
BITO has been the more volatile fund at 56.1% annualized versus 15.1% for IVV. Worst drawdown: BITO -77.9% vs IVV -56.5%.
Should I hold both BITO and IVV?
BITO and IVV have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BITO and IVV?
BITO and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BITO or IVV?
BITO yields 75.49% while IVV yields 1.09%, so BITO currently pays the higher dividend yield.
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