AAPL vs. BITI
AAPL (Apple Inc) is a stock, while BITI (ProShares Short Bitcoin ETF) is Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Over the past 3 years, AAPL returned 20.32%/yr vs -31.62%/yr for BITI. At a correlation of -0.21, they often move in opposite directions.
Performance
AAPL vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AAPL achieves a 22.81% return, which is significantly lower than BITI's 24.48% return.
AAPL
- 1D
- 1.76%
- 1M
- 11.37%
- 6M
- 29.31%
- YTD
- 22.81%
- 1Y
- 59.20%
- 3Y*
- 20.32%
- 5Y*
- 18.49%
- 10Y*
- 30.81%
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
AAPL vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPL Apple Inc | 22.81% | 9.05% | 30.71% | 49.01% | -0.94% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between AAPL and BITI is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AAPL vs. BITI — Risk / Return Rank
AAPL
BITI
AAPL vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apple Inc (AAPL) and ProShares Short Bitcoin ETF (BITI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AAPL | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 2.57 | +1.74 |
| Martin ratioReturn relative to average drawdown | 10.27 | 6.38 | +3.89 |
Loading charts...
Drawdowns
AAPL vs. BITI - Drawdown Comparison
The maximum AAPL drawdown since its inception was -81.80%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AAPL and BITI.
Loading charts...
Drawdown Indicators
| AAPL | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.80% | -92.16% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -25.28% | +11.48% |
Max Drawdown (3Y)Largest decline over 3 years | -33.36% | -84.63% | +51.27% |
Max Drawdown (5Y)Largest decline over 5 years | -33.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -86.41% | +86.41% |
Average DrawdownAverage peak-to-trough decline | -29.55% | -68.40% | +38.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.78% | 10.16% | -4.38% |
Volatility
AAPL vs. BITI - Volatility Comparison
Apple Inc (AAPL) and ProShares Short Bitcoin ETF (BITI) have volatilities of 10.39% and 10.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AAPL | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.39% | 10.76% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 34.28% | -15.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.39% | 44.15% | -19.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.82% | 52.24% | -24.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.07% | 52.24% | -23.17% |
Dividends
AAPL vs. BITI - Dividend Comparison
AAPL's dividend yield for the trailing twelve months is around 0.32%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.32% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
BITI ProShares Short Bitcoin ETF | 15.62% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPL and BITI have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.76%) compared to AAPL (10.39%). In terms of maximum drawdown, AAPL dropped -81.80% vs BITI's -92.16%.
AAPL currently has the higher Sharpe Ratio (2.44 vs 1.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AAPL and BITI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer