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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Shrt Bitcoin ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
ProShares Shrt Bitcoin ETF (BITI) has returned 20.57% so far this year and 7.92% over the past 12 months.
ProShares Shrt Bitcoin ETF
- 1D
- -2.02%
- 1M
- -4.54%
- YTD
- 20.57%
- 6M
- 52.86%
- 1Y
- 7.92%
- 3Y*
- -34.03%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 21, 2022, BITI's average daily return is -0.14%, while the average monthly return is -3.07%.
Historically, 41% of months were positive and 59% were negative. The best month was Feb 2026 with a return of +22.0%, while the worst month was Feb 2024 at -31.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BITI closed higher 50% of trading days. The best single day was Aug 5, 2024 with a return of +14.7%, while the worst single day was Mar 13, 2023 at -22.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.54% | 21.98% | -4.54% | 20.57% | |||||||||
| 2025 | -8.54% | 19.45% | 0.46% | -13.99% | -10.01% | -2.72% | -7.71% | 7.41% | -5.41% | 3.45% | 19.27% | 2.75% | -1.76% |
| 2024 | -2.43% | -31.94% | -15.07% | 18.78% | -13.73% | 12.50% | -9.40% | 6.80% | -8.27% | -10.01% | -30.50% | 3.62% | -62.60% |
| 2023 | -30.18% | -1.14% | -24.39% | -3.18% | 7.77% | -12.55% | 4.80% | 11.02% | -2.86% | -23.12% | -8.45% | -10.71% | -66.17% |
| 2022 | 10.14% | -25.16% | 16.75% | -0.18% | -5.38% | 8.06% | 1.75% | -0.06% |
Benchmark Metrics
ProShares Shrt Bitcoin ETF has an annualized alpha of -14.50%, beta of -1.28, and R² of 0.16 versus S&P 500 Index. Calculated based on daily prices since June 22, 2022.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -71.60%), but participation in market rallies was also limited (-106.61%) — a profile typical of counter-cyclical assets.
- Beta of -1.28 may look defensive, but with R² of 0.16 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.16 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -14.50%
- Beta
- -1.28
- R²
- 0.16
- Upside Capture
- -106.61%
- Downside Capture
- -71.60%
Expense Ratio
BITI has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BITI ranks 17 for risk / return — in the bottom 17% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) and compare them to a chosen benchmark (S&P 500 Index).
| BITI | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 0.90 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.57 | 1.39 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.21 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 1.40 | -1.16 |
Martin ratioReturn relative to average drawdown | 0.37 | 6.61 | -6.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore BITI risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
ProShares Shrt Bitcoin ETF provided a 5.93% dividend yield over the last twelve months, with an annual payout of $1.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.58 | $0.37 | $0.94 | $2.19 | $0.13 |
Dividend yield | 5.93% | 1.60% | 3.91% | 3.33% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Shrt Bitcoin ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.31 | $0.95 | $1.27 | |||||||||
| 2025 | $0.00 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.06 | $0.37 |
| 2024 | $0.00 | $0.09 | $0.09 | $0.08 | $0.10 | $0.10 | $0.08 | $0.10 | $0.09 | $0.07 | $0.06 | $0.08 | $0.94 |
| 2023 | $0.00 | $0.07 | $0.04 | $0.05 | $0.14 | $0.33 | $0.26 | $0.23 | $0.29 | $0.23 | $0.17 | $0.39 | $2.19 |
| 2022 | $0.13 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Shrt Bitcoin ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Shrt Bitcoin ETF was 92.16%, occurring on Oct 6, 2025. The portfolio has not yet recovered.
The current ProShares Shrt Bitcoin ETF drawdown is 86.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -92.16% | Nov 10, 2022 | 727 | Oct 6, 2025 | — | — | — |
| -26.6% | Jul 1, 2022 | 30 | Aug 12, 2022 | 62 | Nov 9, 2022 | 92 |
| -5.57% | Jun 23, 2022 | 2 | Jun 24, 2022 | 4 | Jun 30, 2022 | 6 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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