- Issuer
- Global X
- Inception Date
- Apr 14, 2021
- Category
- Leveraged Cryptocurrency
- Leveraged
- -1x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Cryptocurrency
Share Price Chart
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Performance
BITI.TO Performance Chart
BetaPro Inverse Bitcoin ETF (BITI.TO) is up 38.7% since the beginning of the year. BITI.TO is currently trading at CA$28 per share. Investors who bought CA$1,000 worth of BITI.TO shares 5 years ago would now be looking at an investment worth CA$1,248.
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Returns By Period
BetaPro Inverse Bitcoin ETF (BITI.TO) has returned 38.73% so far this year and 64.25% over the past 12 months.
BetaPro Inverse Bitcoin ETF
- 1D
- 2.65%
- 1M
- 26.68%
- YTD
- 38.73%
- 6M
- 40.03%
- 1Y
- 64.25%
- 3Y*
- 35.56%
- 5Y*
- 4.53%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.93%
- 1M
- 1.99%
- YTD
- 13.67%
- 6M
- 12.89%
- 1Y
- 25.52%
- 3Y*
- 21.80%
- 5Y*
- 14.76%
- 10Y*
- 14.61%
BITI.TO Monthly Returns History
Based on dividend-adjusted daily data since Apr 15, 2021, BITI.TO's average daily return is +0.41%, while the average monthly return is +8.24%. At this rate, an investment would double in approximately 0.7 years.
Historically, 51% of months were positive and 49% were negative. The best month was Oct 2024 with a return of +547.7%, while the worst month was Oct 2021 at -36.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BITI.TO closed higher 51% of trading days. The best single day was Oct 29, 2024 with a return of +571.0%, while the worst single day was Mar 13, 2023 at -22.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.91% | 22.32% | -3.07% | -13.79% | 5.13% | 26.68% | 38.73% | ||||||
| 2025 | -7.76% | 19.20% | -0.53% | -17.88% | -10.68% | -3.69% | -6.44% | 6.33% | -4.43% | 3.85% | 18.64% | 1.09% | -8.52% |
| 2024 | -1.00% | -31.69% | -15.34% | 20.31% | -14.88% | 13.01% | -8.87% | 5.80% | -8.41% | 547.65% | -30.52% | 5.89% | 178.75% |
| 2023 | -31.24% | 1.18% | -25.31% | -3.04% | 7.71% | -15.29% | 4.75% | 13.28% | -2.67% | -21.72% | -10.52% | -12.95% | -67.62% |
| 2022 | 16.12% | -12.56% | -13.07% | 20.17% | 12.72% | 60.52% | -25.88% | 19.18% | 4.73% | -6.90% | 6.66% | 2.23% | 80.23% |
| 2021 | 3.52% | 41.05% | 3.14% | -18.83% | -17.38% | 6.11% | -36.06% | 9.88% | 20.90% | -8.96% |
Benchmark Metrics
BetaPro Inverse Bitcoin ETF has an annualized alpha of 267.22%, beta of -1.35, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 15, 2021.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -395.92%), but participation in market rallies was also limited (-34.02%) - a profile typical of counter-cyclical assets.
- Beta of -1.35 may look defensive, but with R2 of 0.01 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 0.01 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
- 267.22%
- Beta
- -1.35
- R²
- 0.01
- Upside Capture
- -34.02%
- Downside Capture
- -395.92%
Return for Risk
Risk / Return Rank
BITI.TO ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BetaPro Inverse Bitcoin ETF (BITI.TO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BITI.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.79 | -0.31 |
| Martin ratioReturn relative to average drawdown | 5.94 | 10.35 | -4.42 |
Dividends
Dividend History
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 BetaPro Inverse 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 BetaPro Inverse Bitcoin ETF was 84.75%, occurring on Oct 28, 2024. Recovery took 1 trading session.
The current BetaPro Inverse Bitcoin ETF drawdown is 9.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -84.75%Oct 2024 | 1y 11mo | 1d | 1y 11moNov 2022 - Oct 2024 |
2021 bear market2021 | -64.10%Nov 2021 | 3mo 21d | 1y | 1y 3moJul 2021 - Nov 2022 |
2025 bear market2025 | -52.45%Oct 2025 | 11mo 5d | — | 1y 7moNov 2024 - now |
2021 correction2021 | -18.78%Jun 2021 | 6d | 1mo | 1mo 6dJun 2021 - Jul 2021 |
2021 correction2021 | -15.83%May 2021 | 11d | 10d | 21dApr 2021 - May 2021 |
Drawdown Indicators
| BITI.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.75% | -48.87% | -35.88% |
Max Drawdown (1Y)Largest decline over 1 year | -26.02% | -9.17% | -16.85% |
Max Drawdown (3Y)Largest decline over 3 years | -69.26% | -19.59% | -49.67% |
Max Drawdown (5Y)Largest decline over 5 years | -84.75% | -23.14% | -61.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | -9.87% | 0.00% | -9.87% |
Average DrawdownAverage peak-to-trough decline | -43.81% | -9.64% | -34.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | 2.47% | +8.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with BITI.TO
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