AIPO vs. BITI

Last updated Jul 15, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. At a correlation of -0.45, they often move in opposite directions. AIPO charges 0.69%/yr vs 1.03%/yr for BITI.

Performance

AIPO vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) 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, AIPO achieves a 38.70% return, which is significantly higher than BITI's 23.84% return.

AIPO

• 1D: 1.42%
• 1M: -2.45%
• 6M: 28.31%
• YTD: 38.70%
• 1Y: —
• 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)

AIPO vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
AIPO Defiance AI & Power Infrastructure ETF	38.70%	9.46%
BITI ProShares Short Bitcoin ETF	23.84%	31.79%

Correlation

The correlation between AIPO and BITI is -0.45, 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 (All Time) Calculated using the full available price history since Jul 25, 2025	-0.45

Return for Risk

AIPO vs. BITI — Risk / Return Rank

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

AIPO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AIPO vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) 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.

	AIPO	BITI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.46	—
Sortino ratio: Return per unit of downside risk	—	2.03	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.56	—
Martin ratio: Return relative to average drawdown	—	6.37	—

Drawdowns

AIPO vs. BITI - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AIPO and BITI.

Drawdown Indicators

	AIPO	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-92.16%	+74.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-11.76%	-86.48%	+74.72%
Average Drawdown Average peak-to-trough decline	-4.69%	-68.36%	+63.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.13%	—

Volatility

Volatility by Period

	AIPO	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.96%	44.24%	-8.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.96%	52.29%	-16.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.96%	52.29%	-16.33%

AIPO vs. BITI - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

AIPO vs. BITI - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, less than BITI's 15.70% yield.

Position	TTM	2025	2024	2023	2022
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	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 AIPO and BITI in my portfolio?

AIPO and BITI have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIPO or BITI?

On fees, AIPO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIPO or BITI?

AIPO is cheaper with a 0.69% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.70%, compared with 0.01% for AIPO.

What is the main difference between AIPO and BITI?

AIPO is categorized as Building & Construction, while BITI is Cryptocurrency. AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Defiance and ProShares. Their fees differ too: 0.69% for AIPO and 1.03% for BITI.