ETF Versus

BITO vs NOBL

ProShares Bitcoin ETF vs ProShares S&P 500 Dividend Aristocrats ETF

Last updated: 2026-04-02

BITO ProShares

ProShares Bitcoin ETF (BITO) is an exchange-traded fund issued by ProShares that provides exposure to cryptocurrency securities. It charges a high expense ratio of 0.95%. The fund offers a high dividend yield of 82.14%. Launched in 2021, the fund has a 5-year track record.

AUM: N/A ER: 0.95% Yield: 82.14% Since: 2021-10-20
NOBL ProShares

ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is an exchange-traded fund issued by ProShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.35%. The fund offers a moderate dividend yield of 2.14%. Launched in 2013, the fund has a 13-year track record.

AUM: N/A ER: 0.35% Yield: 2.14% Since: 2013-10-10

Quick Verdict

NOBL is significantly cheaper at 0.35% vs 0.95% expense ratio, saving you approximately $1,136 per $10,000 invested over 10 years. Over the past year, NOBL has significantly outperformed with a 3.5% return vs -51.6%. Income investors may prefer BITO for its higher yield (82.1% vs 2.1%).

Key Metrics

Metric BITO NOBL
Expense Ratio 0.95% 0.35%
Dividend Yield 82.1% 2.1%
Fund Family ProShares ProShares
Category Cryptocurrency US Dividend

Performance Chart

Indexed to 100 at start (5-year comparison)

20 43 66 89 112 135 2021-10 2022-11 2024-01 2025-02 2026-04
BITO -78.8%
NOBL +21.1%

Performance Comparison

Period BITO NOBL Difference
1 Month -2.45% -6.33% +3.88%
3 Months -26.46% +1.42% -27.88%
6 Months -55.81% +2.44% -58.25%
YTD -26.46% +1.42% -27.88%
1 Year -51.56% +3.55% -55.11%
3 Years -45.29% +15.77% -61.06%
5 Years -78.81% +21.09% -99.90%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period BITO Fees NOBL Fees You Save
$10,000 10 years $1,826 $690 $1,136
$10,000 20 years $7,549 $2,930 $4,620
$10,000 30 years $23,430 $9,337 $14,093
$50,000 10 years $9,128 $3,448 $5,680
$50,000 30 years $117,148 $46,685 $70,463
$100,000 30 years $234,296 $93,370 $140,926

Risk Metrics

Based on 5 years of daily returns

Metric BITO NOBL
Annualized Volatility 57.1% 14.5%
Max Drawdown -79.7% -19.0%
Sharpe Ratio -0.40 0.03

Dividend Comparison

Metric BITO NOBL
Annual Dividend (per share) $7.53 $2.27
Dividend Yield 82.14% 2.14%
Distribution Frequency Monthly Quarterly

Which One Should You Choose?

Choose NOBL if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose NOBL if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose BITO if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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