Data as of Oct 28, 2026.
BITO vs XBI: Differences, Returns & Fees
Over the year to Oct 28, 2026, BITO returned −30.5% to XBI's +41.2%, and XBI charges 0.35% to BITO's 0.95%.
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Net assets: $1.6bn on Oct 28, 2026 for ProShares Bitcoin ETF, and $10.3bn on Oct 27, 2026 for State Street SPDR S&P Biotech ETF.
Pair scorecard
XBI costs 0.60 points a year less; their one-year returns differ by 71.7 points; XBI is 6.4 times larger.
| Measure | BITO | XBI |
|---|---|---|
| Return | ||
| Total return, 1 year | −30.5% | +41.2% |
| Drawdown | ||
| Below its all-time high | 8.9%, high on Feb 8, 2021 | |
| Benchmark | ||
| What it tracks | Bitcoin futures and swaps on Bitcoin | Biotech |
| Cost and size | ||
| Expense ratio | 0.95% | 0.35% |
| Net assets, as of Oct 27, 2026 | $1.6bn | $10.3bn |
| Active share vs the S&P 500 | 98% | |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 13% | |
| Top ten holdings, share of the fund | 18% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
What they share
By the books each fund has filed, BITO and XBI 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 XBI 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.
XBI
By weight, 13% of XBI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 18% of the fund across 165 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +41.2% with distributions reinvested. It sits 8.9% below its all-time high of Feb 8, 2021.
Questions people ask
- Are BITO and XBI in the same category?
- BITO is a crypto futures ETF and XBI is a thematic 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 XBI?
- In the year to Oct 28, 2026, with distributions reinvested, BITO returned −30.5% and XBI +41.2%.
- Which is cheaper, BITO or XBI?
- XBI is cheaper, by 0.60 percentage points a year. That is about $60 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 XBI, data as of Oct 28, 2026. https://etfiq.com/compare/any/bito-vs-xbi
ETFIQ. (Oct 28, 2026). BITO against XBI. Retrieved from https://etfiq.com/compare/any/bito-vs-xbi
[BITO against XBI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bito-vs-xbi)
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