BITO vs VOO
ProShares Bitcoin ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BITO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $1.4B | $979.0B | |
| Dividend Yield | 75.49% | 1.09% | |
| Holdings | 5 | 509 | |
| YTD Return | -29.00% | +13.80% | |
| 1Y Return | -46.83% | +23.71% | |
| 3Y Return (annualized) | +21.51% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 56.1% | 14.1% | |
| Max Drawdown | -77.9% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 18, 2021 | Sep 7, 2010 |
BITO vs VOO Performance
ProShares Bitcoin ETF (BITO) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BITO returned -46.83% while VOO returned +23.71%. Year to date, BITO is down 29.00% versus a gain of 13.80% for VOO.
Over three years, BITO compounded at +21.51% per year against +21.50% for VOO. Across the full 5-year window we track, VOO has the edge at +13.58% annualized vs -5.04%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
BITO and VOO 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 VOO?
BITO has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, BITO or VOO?
Over the past year BITO returned -46.83% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), BITO annualized -5.04% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, BITO or VOO?
BITO has been the more volatile fund at 56.1% annualized versus 14.1% for VOO. Worst drawdown: BITO -77.9% vs VOO -34.3%.
Should I hold both BITO and VOO?
BITO and VOO 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 VOO?
BITO and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BITO or VOO?
BITO yields 75.49% while VOO yields 1.09%, so BITO currently pays the higher dividend yield.
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