Proshares Ultra Bitcoin ETF (BITU) Performance
BITU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −35.2% since Dec 31, 2025
- 1 year
- −61.9% total return
- Since first price
- −43.8% since 2024
BITU trailing returns vs SPY, QQQ, AGG
| Period | BITU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −9.3% | −9.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +46.4% | +45.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.5% | −6.2% | +7.8% | +8.4% | −1.5% |
| YTD | −35.2% | −36.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −61.9% | −70.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 2, 2024 | −43.8% | −60.7% | — | — | — |
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: BITU vs SPY
From Apr 2, 2024: BITU grew to $5,616, SPY to $15,080.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BITU returns by calendar year
0 of 1 full years positive. Best 2025 (−37.1%), worst 2025 (−37.1%). 2026 is year to date.
BITU annual returns table
| Year | BITU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −35.2% | −70.0% | +12.3% | +15.1% | −1.0% |
| 2025 | −37.1% | −57.8% | +17.7% | +20.8% | +7.2% |
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.
BITU largest drawdowns
Now 71.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 6, 2025 | −83.5% | Jun 30, 2026 | not yet | 9 months | 1.0 years so far |
| Dec 17, 2024 | −55.3% | Apr 8, 2025 | Jul 14, 2025 | 4 months | 7 months |
| Apr 8, 2024 | −55.2% | Sep 6, 2024 | Nov 11, 2024 | 5 months | 7 months |
| Aug 13, 2025 | −23.7% | Sep 26, 2025 | Oct 6, 2025 | 44 days | 54 days |
| Nov 22, 2024 | −16.6% | Nov 26, 2024 | Dec 6, 2024 | 4 days | 14 days |
| Jul 14, 2025 | −12.3% | Aug 1, 2025 | Aug 13, 2025 | 18 days | 30 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BITU risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −9.9% |
| Volatility (annualized) | 95.0% |
| Sharpe ratio | 0.28 |
| Sortino ratio | 0.47 |
| Best month | +83.9% |
| Worst month | −42.7% |
| Best 12 months | +133.1% |
| Worst 12 months | −79.6% |
| Positive months | 55% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
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.
BITU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 19 | −79.6% | −51.2% | +133.1% | 37% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
BITU performance overview
Proshares Ultra Bitcoin ETF (BITU) returned −61.9% over the past year, with distributions reinvested. Since its first recorded price on Apr 2, 2024 it has returned −43.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −83.5%, from Oct 6, 2025 to Jun 30, 2026; the fund has not yet regained that high. Volatility has been 95.0% a year.
Related: BITU chart, BITU dividends. See the BITU overview for the latest quote and fund facts.
BITU performance FAQ
What is the BITU return over the past year?
BITU returned −61.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 70.7%.
How much would $10,000 invested in BITU be worth?
$10,000 invested in BITU at its first recorded close on April 2, 2024 would be worth about $5,616 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of BITU?
The largest peak-to-trough decline was −83.5% between October 6, 2025 and June 30, 2026. It has not yet recovered to that high; it is 71.0% below its peak.
How volatile is BITU?
Over the past history BITU had an annualized volatility of 95.0% and a Sharpe ratio of 0.28 (excess return over 1–3 month T-bills per unit of risk).