AESR vs. BITI

Last updated Aug 1, 2026

AESR (Anfield U.S. Equity Sector Rotation ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AESR is a Large Cap Growth Equities fund actively managed by Regents Park, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. AESR is actively managed, while BITI is passively managed. Over the past 3 years, AESR returned 22.31%/yr vs -31.77%/yr for BITI. Their -0.39 correlation means they have often moved in opposite directions in the past. AESR charges 1.46%/yr vs 1.03%/yr for BITI.

Performance

AESR vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anfield U.S. Equity Sector Rotation ETF (AESR) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AESR achieves a 14.91% return, which is significantly lower than BITI's 27.11% return.

AESR

• 1D: 0.10%
• 1M: -2.60%
• 6M: 10.93%
• YTD: 14.91%
• 1Y: 26.05%
• 3Y*: 22.31%
• 5Y*: 13.23%
• 10Y*: —
• ALL TIME*: 15.61%

BITI

• 1D: 3.01%
• 1M: -2.58%
• 6M: 22.77%
• YTD: 27.11%
• 1Y: 58.64%
• 3Y*: -31.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -35.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AESR Anfield U.S. Equity Sector Rotation ETF	$621.56K	$632.25K	$1.84M
BITI ProShares Short Bitcoin ETF	$24.10M	$26.49M	$38.71M

AESR vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AESR Anfield U.S. Equity Sector Rotation ETF	14.91%	20.34%	25.37%	21.03%	6.87%
BITI ProShares Short Bitcoin ETF	27.11%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between AESR and BITI is -0.52, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.52
Correlation (3Y) Balances recent behavior with more history.	-0.39
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.39

The correlation between AESR and BITI shifts across timeframes, from -0.52 (1 year) to -0.39 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

AESR vs. BITI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AESR

AESR Risk / Return Rank: 57
AESR Sharpe Ratio Rank: 50
AESR Sortino Ratio Rank: 47
AESR Omega Ratio Rank: 48
AESR Calmar Ratio Rank: 70
AESR Martin Ratio Rank: 68

BITI

BITI Risk / Return Rank: 61
BITI Sharpe Ratio Rank: 63
BITI Sortino Ratio Rank: 60
BITI Omega Ratio Rank: 55
BITI Calmar Ratio Rank: 73
BITI Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AESR vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anfield U.S. Equity Sector Rotation ETF (AESR) 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.

	AESR	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.45	-0.23
Sortino ratio: Return per unit of downside risk	1.73	2.02	-0.29
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio: Return relative to maximum drawdown	2.41	2.53	-0.12
Martin ratio: Return relative to average drawdown	8.36	6.17	+2.19

AESR vs. BITI - Sharpe Ratio Comparison

The current AESR Sharpe Ratio is 1.22, which is comparable to the BITI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of AESR and BITI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AESR vs. BITI - Drawdown Comparison

The maximum AESR drawdown since its inception was -31.06%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AESR and BITI.

Drawdown Indicators

	AESR	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-31.06%	-92.16%	+61.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-25.28%	+15.46%
Max Drawdown (3Y) Largest decline over 3 years	-19.85%	-84.63%	+64.78%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	—	—
Current Drawdown Current decline from peak	-6.39%	-86.12%	+79.73%
Average Drawdown Average peak-to-trough decline	-5.95%	-68.59%	+62.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	10.35%	-7.52%

Volatility

AESR vs. BITI - Volatility Comparison

The current volatility for Anfield U.S. Equity Sector Rotation ETF (AESR) is 6.50%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that AESR experiences smaller price fluctuations and is considered to be less risky than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AESR	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	9.13%	-2.63%
Volatility (6M) Calculated over the trailing 6-month period	16.42%	33.31%	-16.89%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	44.23%	-24.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.42%	52.03%	-33.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.66%	52.03%	-31.37%

AESR vs. BITI - Expense Ratio Comparison

AESR has a 1.46% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

AESR vs. BITI - Dividend Comparison

AESR's dividend yield for the trailing twelve months is around 20.03%, more than BITI's 15.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AESR Anfield U.S. Equity Sector Rotation ETF	20.03%	23.02%	0.17%	0.33%	0.73%	6.59%	1.06%	0.33%
BITI ProShares Short Bitcoin ETF	15.17%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AESR and BITI in my portfolio?

AESR and BITI have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AESR or BITI?

BITI has higher volatility (9.13%) compared to AESR (6.50%). In terms of maximum drawdown, AESR dropped -31.06% vs BITI's -92.16%.

Which ETF is better, AESR or BITI?

On 3-year performance, AESR leads with 22.31% vs -31.77% for BITI. On fees, BITI is cheaper at 1.03% per year. On volatility, AESR has been the lower-risk option at 6.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AESR or BITI?

Over the 3-year period, AESR has performed better with a 22.31% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AESR or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 1.46% for AESR.

Which ETF pays a higher dividend yield, AESR or BITI?

AESR has the higher dividend yield at 20.03%, compared with 15.17% for BITI.

What is the main difference between AESR and BITI?

AESR is categorized as Large Cap Growth Equities, while BITI is Cryptocurrency. They also come from different issuers: Regents Park and ProShares. Their fees differ too: 1.46% for AESR and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.45 vs 1.22), 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.