Data as of Oct 28, 2026.
BITO vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, BITO returned −30.5% to USMV's +10.8%, and USMV charges 0.15% to BITO's 0.95%.
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Net assets: $1.6bn on Oct 28, 2026 for ProShares Bitcoin ETF, and $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
USMV costs 0.80 points a year less; their one-year returns differ by 41.3 points; USMV is 15.1 times larger.
| Measure | BITO | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | −30.5% | +10.8% |
| Benchmark | ||
| What it tracks | Bitcoin futures and swaps on Bitcoin | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.95% | 0.15% |
| Net assets, as of Oct 27, 2026 | $1.6bn | $24.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 93% | |
| Top ten holdings, share of the fund | 14.8% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, BITO and USMV 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 USMV 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.
USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.
Questions people ask
- Are BITO and USMV in the same category?
- BITO is a crypto futures ETF and USMV is a stock 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 USMV?
- In the year to Oct 28, 2026, with distributions reinvested, BITO returned −30.5% and USMV +10.8%.
- Which is cheaper, BITO or USMV?
- USMV is cheaper, by 0.80 percentage points a year. That is about $80 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 USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/bito-vs-usmv
ETFIQ. (Oct 28, 2026). BITO against USMV. Retrieved from https://etfiq.com/compare/any/bito-vs-usmv
[BITO against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bito-vs-usmv)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.