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BITU vs EVMU

ProShares Ultra Bitcoin ETF

BITUANYSE Arca

Direxion Daily Ether Bull 2X ETF

EVMUCNYSE Arca

Overlap

Expense ratio

BITU −0.08pt a year

BITU0.95%EVMU1.03%

Avg volume · 30D

BITU 862.8×the volume

BITU4.37MEVMU5.06K

BITU vs EVMU Performance

Jul 31, 2026 – Oct 30, 2026

+38.3%BITU+30.8%EVMU

Jul 31, 2026 to Oct 30, 2026. BITU +38.3%. EVMU +30.8%. Use the arrow keys to read each point.0%60%80%100%Jul 2026Sep 2026Oct 2026
Expense ratio
BITU 0.95%, better
EVMU 1.03%
Fund size
BITU $478M
EVMU $2M
1Y total return
BITU −65.6%
EVMU No data
Yield (12M)
BITU 53.60%
EVMU No data
Holdings
BITU 1
EVMU 9
Avg volume (30D)
BITU 4.37M sh, better
EVMU 5.06K sh
NAV per share
BITU $12.52
EVMU $26.33
52W range

ETF.net Grade

BITU: Cost 91, Risk 65, Mission not scored, Tradability 84, Holdings not scored, Durability 78. EVMU: Cost 75, Risk 89, Mission not scored, Tradability 10, Holdings not scored, Durability 21.
Pillar letters and Scores for BITU, EVMU, with each pillar’s weight
PillarBITUEVMU
Cost30% weightA91HigherA75
Mission25% weightNot scoredNot scored
Risk15% weightB65A89Higher
Tradability15% weightA84HigherF10
Holdings10% weightNot scoredNot scored
Durability5% weightA78HigherF21

Rank among 2x Long Crypto funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BITU and EVMU are both graded against the same 14 2x Long Crypto funds, so their Grades compare head to head.

2x Long Crypto⁠

Category · 14 funds
See all 14 ›

BITU ranks 1st and EVMU 9th of 14 funds in the 2x Long Crypto Category.

  1. Rank 1ABITUProShares Ultra Bitcoin ETFScore 82
  2. Rank 2AETHTProShares Ultra Ether ETFScore 76
  3. Rank 7CSLONProShares Ultra Solana ETFScore 45
  4. Rank 9CEVMUDirexion Daily Ether Bull 2X ETFScore 40
  5. Rank 9CTXXH21Shares 2x Long HYPE ETFScore 40

Our read on each fund

ETF.net Research

BITUAProShares Ultra Bitcoin ETF

EVMUCDirexion Daily Ether Bull 2X ETF

In short

BITU ProShares' double-speed bitcoin trade. BITU targets 2x the daily move of the Bloomberg Bitcoin Index using swaps and futures, never the coin itself, for 0.95% inside an ordinary brokerage account.

EVMU Direxion's 2026 entry in leveraged crypto: swaps on a spot ether fund rather than futures, aiming for 200% of ether's daily price move. Fee is 1.03% net of a waiver through September 1, 2027, below the typical cost in its category.

Stated mandate

BITU BITU seeks daily investment results corresponding to two times the daily performance of the Bloomberg Bitcoin Index, before fees and expenses.

EVMU The fund seeks daily investment results, before fees and expenses, equal to 200% of ether's price performance.

Why people hold it

  • BITU 0.95%, with gross and net the same, so no expiring waiver is propping up the price. BITX charges 2.75% for the same 2x bitcoin idea. Below the median fee in the leveraged crypto category.
  • A 1940 Act registered fund bought like any stock: no wallet, no exchange account, no private keys to lose.proshares.com
  • The reference point is the Bloomberg Bitcoin Index, Bloomberg's measure of a single bitcoin priced in USD, not a basket or a miner proxy.proshares.com
  • Among the leveraged crypto funds we grade, it stands near the top of the group on cost and day-to-day tradability.
  • EVMU Aims for 200% of ether's daily price move via swaps referencing a spot ether ETF (ETHA), so the exposure sits on spot ether, not a futures curve.direxion.com
  • Costs 1.03% net of a waiver through September 1, 2027 (1.05% gross), below the median fee among leveraged crypto bull funds.
  • A registered 1940 Act fund: 2x ether exposure in an ordinary brokerage account, no crypto wallet or futures account needed.direxion.com

Worth knowing

  • BITU The 2x target applies to a single day and resets. Hold longer and volatility compounding takes over, so multi-day results can land meaningfully above or below 2x the index.proshares.com
  • Double the move of one of the most volatile assets traded. That cuts both ways: drawdowns arrive twice as fast.
  • No coins here. Exposure comes from swaps and futures per the prospectus, and the fund's own history only starts in 2024.proshares.com
  • EVMU The 2x target resets every day. Held longer, results can drift from twice ether's move, and choppy stretches work against it.direxion.com
  • Small asset base and light trading volume, so spreads can run wider than at the category's largest names.
  • ProShares' ETHT charges 0.96% with no waiver attached, a slimmer fee for 2x daily ether exposure.

Full BITU profile⁠

Full EVMU profile⁠

BITU vs EVMU Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BITU vs EVMU Cost

Overpaying EVMU vs BITU

$1,304

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BITU 0.95%

    $17,869

  • EVMU 1.03%

    $19,173

$10,000
30 years

Cost over time

  • BITU 0.95%
  • EVMU 1.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EVMU $19,173BITU $17,869

Year by year

YearBITUEVMUOverpaying
10$1,678$1,814$136
20$6,322$6,807$485
30$17,869$19,173$1,304

Expense ratio

  • 0.95%BITU, cheaper
  • 1.03%EVMU
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

BITU cheapest of 14 funds

EVMU 4th cheapest of 14 funds

BITU vs EVMU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BITU 53.60%
EVMU No data
Payout (12M)
BITU $6.71
EVMU No data
Last payment
BITU $0.0088
EVMU $0.21
Ex-dividend
BITU Oct 1, 2026
EVMU Sep 22, 2026
Paid on
BITU Oct 7, 2026
EVMU Sep 29, 2026
Frequency
BITU Monthly
EVMU Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

BITUMonthly · 24 paymentsAll BITU payments⁠
One bar per payment. 24 payments from 2024 to 2026 YTD. May 1, 2024 $0.02; Jun 3, 2024 $0.02; Jul 1, 2024 $0.02; Aug 1, 2024 $0.0082; Dec 23, 2024 $0.0045; Feb 3, 2025 $1.21; Mar 3, 2025 $0.79; Jun 2, 2025 $0.58; Jul 1, 2025 $0.18; Aug 1, 2025 $0.97; Sep 2, 2025 $0.49; Oct 1, 2025 $0.33; Nov 3, 2025 $0.40; Dec 1, 2025 $0.43; Dec 24, 2025 $5.73; Feb 2, 2026 $0.03; Mar 2, 2026 $0.02; Apr 1, 2026 $0.01; May 1, 2026 $0.01; Jun 1, 2026 $0.01; Jul 1, 2026 $0.01; Aug 3, 2026 $0.02; Sep 1, 2026 $0.01; Oct 1, 2026 $0.0088. Use the arrow keys to read each point.$0$52026YTD
EVMUQuarterly · 2 paymentsAll EVMU payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Jun 23, 2026 $0.05; Sep 22, 2026 $0.21. Use the arrow keys to read each point.$0$52026YTD

BITU vs EVMU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITU 94.2%since May 2024EVMU No data
Return per unit of riskSharpe ratio, 3 years
BITU 0.20since May 2024EVMU No data
Worst fallMax drawdown, 5 years
BITU −83.4%since Apr 2024EVMU No data
Market sensitivityBeta, 5 years
BITU 3.42EVMU 0.00

BITU and EVMU in the news

All news⁠

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