AGIX vs. BITI
AGIX (KraneShares Artificial Intelligence & Technology ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AGIX is a Artificial Intelligence fund tracking the Solactive Etna Artificial General Intelligence Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past year, AGIX returned 40.64% vs 56.28% for BITI. Their -0.46 correlation means they have often moved in opposite directions in the past. AGIX charges 1.00%/yr vs 1.03%/yr for BITI.
Performance
AGIX vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AGIX achieves a 20.15% return, which is significantly lower than BITI's 25.22% return.
AGIX
- 1D
- 3.14%
- 1M
- -1.79%
- 6M
- 23.43%
- YTD
- 20.15%
- 1Y
- 40.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.65%
BITI
- 1D
- -1.48%
- 1M
- -4.03%
- 6M
- 13.09%
- YTD
- 25.22%
- 1Y
- 56.28%
- 3Y*
- -32.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.09M | $6.71M | $18.19M | |
| $24.18M | $25.87M | $38.72M |
AGIX vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AGIX KraneShares Artificial Intelligence & Technology ETF | 20.15% | 29.24% | 12.92% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -37.08% |
Correlation
The correlation between AGIX and BITI is -0.51, 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. | -0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | -0.46 |
The correlation between AGIX and BITI has been stable across timeframes, ranging from -0.51 to -0.46 - a consistent structural relationship.
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
AGIX vs. BITI — Risk / Return Rank
AGIX
BITI
AGIX vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Artificial Intelligence & Technology ETF (AGIX) 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.
| AGIX | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.24 | -0.18 |
| Martin ratioReturn relative to average drawdown | 5.12 | 5.45 | -0.33 |
Loading charts...
Drawdowns
AGIX vs. BITI - Drawdown Comparison
The maximum AGIX drawdown since its inception was -31.48%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AGIX and BITI.
Loading charts...
Drawdown Indicators
| AGIX | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.48% | -92.16% | +60.68% |
Max Drawdown (1Y)Largest decline over 1 year | -19.85% | -25.28% | +5.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.63% | — |
Current DrawdownCurrent decline from peak | -11.70% | -86.33% | +74.63% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -68.61% | +62.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 10.37% | -2.42% |
Volatility
AGIX vs. BITI - Volatility Comparison
KraneShares Artificial Intelligence & Technology ETF (AGIX) has a higher volatility of 10.14% compared to ProShares Short Bitcoin ETF (BITI) at 8.93%. This indicates that AGIX's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AGIX | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 8.93% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 24.12% | 33.35% | -9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.82% | 44.25% | -15.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.15% | 52.01% | -21.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.15% | 52.01% | -21.86% |
AGIX vs. BITI - Expense Ratio Comparison
AGIX has a 1.00% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
AGIX vs. BITI - Dividend Comparison
AGIX's dividend yield for the trailing twelve months is around 1.00%, less than BITI's 21.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGIX KraneShares Artificial Intelligence & Technology ETF | 1.00% | 1.21% | 0.77% | 0.00% | 0.00% |
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% |
Frequently Asked Questions
AGIX and BITI have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGIX has higher volatility (10.14%) compared to BITI (8.93%). In terms of maximum drawdown, AGIX dropped -31.48% vs BITI's -92.16%.
On 1-year performance, BITI leads with 56.28% vs 40.64% for AGIX. On fees, AGIX is cheaper at 1.00% per year. On volatility, BITI has been the lower-risk option at 8.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BITI has performed better with a 56.28% return vs 40.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGIX is cheaper with a 1.00% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 21.80%, compared with 1.00% for AGIX.
AGIX is categorized as Artificial Intelligence, while BITI is Cryptocurrency. AGIX tracks Solactive Etna Artificial General Intelligence Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: KraneShares and ProShares. Their fees differ too: 1.00% for AGIX and 1.03% for BITI.
AGIX currently has the higher Sharpe Ratio (1.42 vs 1.28), 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 AGIX 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