AGIX vs. BITI

Last updated Jul 15, 2026

AGIX (KraneShares Artificial Intelligence & Technology ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AGIX is a Technology Equities 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 43.07% vs 64.31% for BITI. At a correlation of -0.45, they often move in opposite directions. AGIX charges 1.00%/yr vs 1.03%/yr for BITI.

Performance

AGIX vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Artificial Intelligence & Technology ETF (AGIX) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AGIX having a 22.85% return and BITI slightly higher at 23.84%.

AGIX

• 1D: 0.86%
• 1M: -2.15%
• 6M: 20.34%
• YTD: 22.85%
• 1Y: 43.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: -3.81%
• 1M: -2.41%
• 6M: 34.02%
• YTD: 23.84%
• 1Y: 64.31%
• 3Y*: -31.54%
• 5Y*: —
• 10Y*: —

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

AGIX vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AGIX KraneShares Artificial Intelligence & Technology ETF	22.85%	29.24%	12.92%
BITI ProShares Short Bitcoin ETF	23.84%	-1.76%	-37.08%

Correlation

The correlation between AGIX and BITI is -0.50, 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	-0.50
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	-0.45

Return for Risk

AGIX vs. BITI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGIX

AGIX Risk / Return Rank: 52
AGIX Sharpe Ratio Rank: 57
AGIX Sortino Ratio Rank: 53
AGIX Omega Ratio Rank: 52
AGIX Calmar Ratio Rank: 55
AGIX Martin Ratio Rank: 45

BITI

BITI Risk / Return Rank: 53
BITI Sharpe Ratio Rank: 53
BITI Sortino Ratio Rank: 51
BITI Omega Ratio Rank: 47
BITI Calmar Ratio Rank: 64
BITI Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	1.56	1.46	+0.10
Sortino ratio: Return per unit of downside risk	2.09	2.03	+0.06
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.02
Calmar ratio: Return relative to maximum drawdown	2.18	2.56	-0.38
Martin ratio: Return relative to average drawdown	5.97	6.37	-0.40

AGIX vs. BITI - Sharpe Ratio Comparison

The current AGIX Sharpe Ratio is 1.56, which is comparable to the BITI Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of AGIX 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

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.

Drawdown Indicators

	AGIX	BITI	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-9.72%	-86.48%	+76.76%
Average Drawdown Average peak-to-trough decline	-5.96%	-68.36%	+62.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.24%	10.13%	-2.89%

Volatility

AGIX vs. BITI - Volatility Comparison

The current volatility for KraneShares Artificial Intelligence & Technology ETF (AGIX) is 9.96%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.73%. This indicates that AGIX 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

	AGIX	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.96%	11.73%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	23.27%	34.49%	-11.22%
Volatility (1Y) Calculated over the trailing 1-year period	27.82%	44.24%	-16.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.97%	52.29%	-22.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.97%	52.29%	-22.32%

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 0.98%, less than BITI's 15.70% yield.

Position	TTM	2025	2024	2023	2022
AGIX KraneShares Artificial Intelligence & Technology ETF	0.98%	1.21%	0.77%	0.00%	0.00%
BITI ProShares Short Bitcoin ETF	15.70%	1.60%	3.91%	3.33%	0.06%

Frequently Asked Questions

Can I hold both AGIX and BITI in my portfolio?

AGIX and BITI have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGIX or BITI?

BITI has higher volatility (11.73%) compared to AGIX (9.96%). In terms of maximum drawdown, AGIX dropped -31.48% vs BITI's -92.16%.

Which ETF is better, AGIX or BITI?

On 1-year performance, BITI leads with 64.31% vs 43.07% for AGIX. On fees, AGIX is cheaper at 1.00% per year. On volatility, AGIX has been the lower-risk option at 9.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGIX or BITI?

Over the 1-year period, BITI has performed better with a 64.31% return vs 43.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGIX or BITI?

AGIX is cheaper with a 1.00% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.70%, compared with 0.98% for AGIX.

What is the main difference between AGIX and BITI?

AGIX is categorized as Technology Equities, 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.

Which has better risk-adjusted returns?

AGIX currently has the higher Sharpe Ratio (1.56 vs 1.46), 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.