ProShares Short Bitcoin ETF (BITI) Sharpe Ratio: 1.45

BITI's Sharpe Ratio of 1.45 indicates that for each unit of volatility, it generates 1.45 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 30, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

BITI Sharpe Ratio Rank

Above Average

BITI ranks above 62.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Above-average risk-adjusted returns with room for improvement
Compare against category peers to gauge relative positioning
Monitor for movement toward top tier or decline toward median
Consider pairing with top-tier holdings to improve portfolio efficiency

BITI Sharpe Ratio Market Positioning

The chart shows BITI's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.57 or lower
Yellow zone (middle 50%): 0.57 to 1.65
Green zone (top 25%): 1.65 or higher
Top 1%: 6.28+
Median: 1.15 — half of all investments score higher

How it compares to other similar ETFs

The table compares ProShares Short Bitcoin ETF's Sharpe Ratio with other ETFs in the Cryptocurrency category across multiple time periods, showing how BITI's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 30, 2026.

Symbol	Name	1Y Sharpe Ratio
ZCSH	Grayscale Zcash Trust (ZEC)	4.21
BITI	ProShares Short Bitcoin ETF	1.45
SBIT	Proshares Ultrashort Bitcoin ETF	1.27
BTCZ	T-Rex 2X Inverse Bitcoin Daily Target ETF	1.10
WGMI	CoinShares Bitcoin Miners ETF	0.93
SETH	ProShares Short Ether Strategy ETF	0.53
CEPI	REX Crypto Equity Premium Income ETF	0.35
BCDF	Horizon Kinetics Blockchain Development ETF	0.34
ETHD	ProShares UltraShort Ether ETF	0.08
IBLC	iShares Blockchain and Tech ETF	0.03

Benchmark

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Time Period

How much price history to include in the calculation

Historical Sharpe Ratio

The chart shows BITI's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BITI consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does BITI fit in your portfolio?

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