Data as of Oct 28, 2026.
BITO vs LQD: Differences, Returns & Fees
Over the year to Oct 28, 2026, BITO returned −30.5% to LQD's −3.4%, and LQD charges 0.14% to BITO's 0.95%.
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Net assets: $1.6bn on Oct 28, 2026 for ProShares Bitcoin ETF, and $30.6bn on Oct 27, 2026 for iShares iBoxx $ Investment Grade Corporate Bond ETF.
Pair scorecard
LQD costs 0.81 points a year less; their one-year returns differ by 27.1 points; LQD is 19.1 times larger.
| Measure | BITO | LQD |
|---|---|---|
| Return | ||
| Total return, 1 year | −30.5% | −3.4% |
| Drawdown | ||
| Below its high | 6.3%, high on Sep 22, 2021 | |
| Benchmark | ||
| What it tracks | Bitcoin futures and swaps on Bitcoin | Markit iBoxx USD Liquid Investment Grade Index |
| Cost and size | ||
| Expense ratio | 0.95% | 0.14% |
| Net assets, as of Oct 27, 2026 | $1.6bn | $30.6bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, BITO and LQD hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
BITO and LQD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BITO is a registered fund that reaches Bitcoin through what its N-PORT for Aug 31, 2026 lists: Bitcoin futures and swaps on Bitcoin. Over the year to Oct 28, 2026, Bitcoin moved −28.3% and BITO returned −30.5%. That leaves it 2.2 percentage points behind. BITO is a registered investment company: it files a monthly N-PORT rather than a 10-K. Its N-PORT for Aug 31, 2026 puts 67.9% of its net assets in ProShares GENIUS Money Market ETF.
A holder gets exposure to Bitcoin without the fund holding the coin itself. That difference is the fee, the cost of rolling the futures from one month to the next, what the futures traded at against Bitcoin, and what the market paid for the shares, all of it together. It is the only number on this page the sponsor does not publish itself.
LQD
LQD tracks an index of US investment grade bonds. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.14% a year. It sat 6.3% below its high of Sep 22, 2021 on Oct 28, 2026.
Questions people ask
- Are BITO and LQD in the same category?
- BITO is a crypto futures ETF and LQD is a bond ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, BITO or LQD?
- In the year to Oct 28, 2026, with distributions reinvested, BITO returned −30.5% and LQD −3.4%.
- Which is cheaper, BITO or LQD?
- LQD is cheaper, by 0.81 percentage points a year. That is about $81 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BITO against LQD, data as of Oct 28, 2026. https://etfiq.com/compare/any/bito-vs-lqd
ETFIQ. (Oct 28, 2026). BITO against LQD. Retrieved from https://etfiq.com/compare/any/bito-vs-lqd
[BITO against LQD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bito-vs-lqd)
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