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ProShares Shrt Bitcoin ETF (BITI) Sharpe Ratio: 1.08

ETF · Currency in USD · Last updated Jun 19, 2026

The ETF aims to achieve daily investment results that are inversely correlated to the daily performance of the Bloomberg Bitcoin Index.

BITI's Sharpe Ratio of 1.08 indicates that for each unit of volatility, it generates 1.08 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 19, 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

BITI Sharpe Ratio Rank: 31.331
Below Average

BITI ranks above 31.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-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

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

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%): 0.87 or lower
  • Yellow zone (middle 50%): 0.87 to 2.25
  • Green zone (top 25%): 2.25 or higher
  • Top 1%: 7.37+
  • Median: 1.65 — half of all investments score higher

How it compares to other similar ETFs

The table compares ProShares Shrt 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 Jun 19, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ZCSHGrayscale Zcash Trust (ZEC)3.84
WGMIValkyrie Bitcoin Miners ETF3.74
CEPIREX Crypto Equity Premium Income ETF1.30
IBLCiShares Blockchain and Tech ETF1.18
BITIProShares Shrt Bitcoin ETF1.08
SBITProshares Ultrashort Bitcoin ETF0.81
BTCZT-Rex 2X Inverse Bitcoin Daily Target ETF0.67
BLOXNicholas Crypto Income ETF0.49
BITSGlobal X Blockchain & Bitcoin Strategy ETF0.31
BCDFHorizon Kinetics Blockchain Development ETF0.24

S&P 500 Index

How to choose period

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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Sharpe Ratio Calculator

How does BITI fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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