ALTL vs. BITI

Last updated Jul 14, 2026

ALTL (Pacer Lunt Large Cap Alternator ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ALTL is a Large Cap Growth Equities fund tracking the Lunt Capital US Large Cap Equity Rotation Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ALTL returned 8.74%/yr vs -30.65%/yr for BITI. At a correlation of -0.25, they often move in opposite directions. ALTL charges 0.60%/yr vs 1.03%/yr for BITI.

Performance

ALTL vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Lunt Large Cap Alternator ETF (ALTL) 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, ALTL achieves a 12.03% return, which is significantly lower than BITI's 28.75% return.

ALTL

• 1D: -2.56%
• 1M: -2.05%
• 6M: 8.86%
• YTD: 12.03%
• 1Y: 23.88%
• 3Y*: 8.74%
• 5Y*: 3.85%
• 10Y*: —

BITI

• 1D: 2.65%
• 1M: 1.46%
• 6M: 34.68%
• YTD: 28.75%
• 1Y: 68.34%
• 3Y*: -30.65%
• 5Y*: —
• 10Y*: —

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

ALTL vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ALTL Pacer Lunt Large Cap Alternator ETF	12.03%	16.61%	12.30%	-15.85%	5.60%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between ALTL and BITI is -0.27, 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	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	-0.22
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.25

Return for Risk

ALTL vs. BITI — Risk / Return Rank

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

ALTL

ALTL Risk / Return Rank: 47
ALTL Sharpe Ratio Rank: 39
ALTL Sortino Ratio Rank: 36
ALTL Omega Ratio Rank: 40
ALTL Calmar Ratio Rank: 62
ALTL Martin Ratio Rank: 57

BITI

BITI Risk / Return Rank: 57
BITI Sharpe Ratio Rank: 58
BITI Sortino Ratio Rank: 55
BITI Omega Ratio Rank: 50
BITI Calmar Ratio Rank: 68
BITI Martin Ratio Rank: 51

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.

ALTL vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt Large Cap Alternator ETF (ALTL) 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.

	ALTL	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.56	-0.44
Sortino ratio: Return per unit of downside risk	1.57	2.13	-0.55
Omega ratio: Gain probability vs. loss probability	1.21	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	2.45	2.72	-0.27
Martin ratio: Return relative to average drawdown	7.75	6.78	+0.97

ALTL vs. BITI - Sharpe Ratio Comparison

The current ALTL Sharpe Ratio is 1.11, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of ALTL 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

ALTL vs. BITI - Drawdown Comparison

The maximum ALTL drawdown since its inception was -31.91%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ALTL and BITI.

Drawdown Indicators

	ALTL	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-31.91%	-92.16%	+60.25%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-25.28%	+15.49%
Max Drawdown (3Y) Largest decline over 3 years	-21.21%	-84.63%	+63.42%
Max Drawdown (5Y) Largest decline over 5 years	-31.91%	—	—
Current Drawdown Current decline from peak	-7.07%	-85.94%	+78.87%
Average Drawdown Average peak-to-trough decline	-11.44%	-68.34%	+56.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	10.11%	-7.02%

Volatility

ALTL vs. BITI - Volatility Comparison

Pacer Lunt Large Cap Alternator ETF (ALTL) and ProShares Short Bitcoin ETF (BITI) have volatilities of 11.29% and 11.38%, 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.

Volatility by Period

	ALTL	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.29%	11.38%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	16.65%	34.25%	-17.60%
Volatility (1Y) Calculated over the trailing 1-year period	21.56%	44.14%	-22.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.24%	52.28%	-33.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.61%	52.28%	-31.67%

ALTL vs. BITI - Expense Ratio Comparison

ALTL has a 0.60% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

ALTL vs. BITI - Dividend Comparison

ALTL's dividend yield for the trailing twelve months is around 0.91%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ALTL Pacer Lunt Large Cap Alternator ETF	0.91%	0.95%	1.56%	1.28%	1.23%	1.06%	0.75%
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ALTL and BITI in my portfolio?

ALTL and BITI have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALTL or BITI?

BITI has higher volatility (11.38%) compared to ALTL (11.29%). In terms of maximum drawdown, ALTL dropped -31.91% vs BITI's -92.16%.

Which ETF is better, ALTL or BITI?

On 3-year performance, ALTL leads with 8.74% vs -30.65% for BITI. On fees, ALTL is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALTL or BITI?

Over the 3-year period, ALTL has performed better with a 8.74% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALTL or BITI?

ALTL is cheaper with a 0.60% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 0.91% for ALTL.

What is the main difference between ALTL and BITI?

ALTL is categorized as Large Cap Growth Equities, while BITI is Cryptocurrency. ALTL tracks Lunt Capital US Large Cap Equity Rotation Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Pacer and ProShares. Their fees differ too: 0.60% for ALTL and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs 1.11), 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.