ProShares Bitcoin Strategy ETF (BITO) Performance
BITO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −9.9% since Dec 31, 2025
- 1 year
- −29.0% total return
- 5 years
- +0.7% a year
- Since first price
- −0.5% a year since 2021
BITO trailing returns vs SPY, QQQ, AGG
| Period | BITO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.4% | −4.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +24.0% | +23.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.3% | +1.4% | +7.8% | +8.4% | −1.5% |
| YTD | −9.9% | −10.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −29.0% | −40.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +115.8%+29.2%/yr | −32.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +3.4%+0.7%/yr | −72.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 19, 2021 | −2.6%−0.5%/yr | −74.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BITO vs SPY
From Oct 19, 2021: BITO grew to $9,737, SPY to $18,031.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BITO returns by calendar year
2 of 4 full years positive. Best 2023 (+137.3%), worst 2022 (−63.9%). 2026 is year to date.
BITO annual returns table
| Year | BITO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −9.9% | −40.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −11.1% | −33.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +106.0% | −29.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +137.3% | −22.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −63.9% | −68.2% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BITO largest drawdowns
Now 37.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 9, 2021 | −77.9% | Nov 21, 2022 | Nov 11, 2024 | 1.0 years | 3.0 years |
| Oct 6, 2025 | −54.5% | Jun 30, 2026 | not yet | 9 months | 1.0 years so far |
| Dec 17, 2024 | −29.8% | Apr 8, 2025 | May 22, 2025 | 4 months | 5 months |
| Aug 13, 2025 | −12.3% | Aug 29, 2025 | Oct 6, 2025 | 16 days | 54 days |
| Oct 20, 2021 | −12.1% | Oct 27, 2021 | Nov 9, 2021 | 7 days | 20 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BITO risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +37.5% | +0.9% |
| Volatility (annualized) | 52.8% | 56.7% |
| Sharpe ratio | 0.77 | 0.23 |
| Sortino ratio | 1.45 | 0.36 |
| Best month | +45.0% | +45.0% |
| Worst month | −21.8% | −40.9% |
| Best 12 months | +139.0% | +146.2% |
| Worst 12 months | −48.1% | −70.8% |
| Positive months | 61% | 53% |
| Beta vs S&P 500 | 1.69 | — |
| Correlation with S&P 500 | 0.40 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BITO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 49 | −70.8% | +35.4% | +146.2% | 59% |
| 3-year (a year) | 25 | −1.3% | +31.6% | +71.0% | 96% |
| 5-year (a year) | 1 | +0.2% | +0.2% | +0.2% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
BITO performance overview
ProShares Bitcoin Strategy ETF (BITO) returned −29.0% over the past year and +0.7% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned −0.5% a year, turning $10,000 into about $9,737. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −77.9%, from Nov 9, 2021 to Nov 21, 2022, and it took 2.0 years to get back to the old high. BITO finished 2 of its 4 full calendar years with a gain; the best year was 2023 (+137.3%) and the worst 2022 (−63.9%). Volatility has been 56.7% a year.
Related: BITO chart, BITO dividends. See the BITO overview for the latest quote and fund facts.
BITO performance FAQ
What is the BITO return over the past year?
BITO returned −29.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 40.4%.
What is the average annual return of BITO?
BITO has returned +0.7% a year over 5 years, −0.5% a year since October 19, 2021 (total return, distributions reinvested).
How much would $10,000 invested in BITO be worth?
$10,000 invested in BITO at its first recorded close on October 19, 2021 would be worth about $9,737 on October 23, 2026 with distributions reinvested.
What was the worst year for BITO?
The worst calendar year was 2022, with a total return of −63.9%. The best was 2023 at +137.3%.
What is the biggest drawdown of BITO?
The largest peak-to-trough decline was −77.9% between November 9, 2021 and November 21, 2022. It recovered to the old high on November 11, 2024, 2.0 years after the bottom.
How volatile is BITO?
Over the past 3 years BITO had an annualized volatility of 52.8% and a Sharpe ratio of 0.77 (excess return over 1–3 month T-bills per unit of risk).