AMOM vs. BITI

Last updated Jul 14, 2026

AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AMOM is a Momentum fund actively managed by Exchange Traded Concepts, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. AMOM is actively managed, while BITI is passively managed. Over the past 3 years, AMOM returned 22.99%/yr vs -30.65%/yr for BITI. At a correlation of -0.36, they often move in opposite directions. AMOM charges 0.75%/yr vs 1.03%/yr for BITI.

Performance

AMOM vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) 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, AMOM achieves a 21.66% return, which is significantly lower than BITI's 28.75% return.

AMOM

• 1D: -1.47%
• 1M: -2.88%
• 6M: 17.31%
• YTD: 21.66%
• 1Y: 30.17%
• 3Y*: 22.99%
• 5Y*: 10.90%
• 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)

AMOM vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	21.66%	7.69%	35.79%	27.06%	10.10%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between AMOM and BITI is -0.43, 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	-0.43
Correlation (3Y) Calculated over the trailing 3-year period	-0.35
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.36

Return for Risk

AMOM vs. BITI — Risk / Return Rank

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

AMOM

AMOM Risk / Return Rank: 47
AMOM Sharpe Ratio Rank: 41
AMOM Sortino Ratio Rank: 38
AMOM Omega Ratio Rank: 41
AMOM Calmar Ratio Rank: 58
AMOM Martin Ratio Rank: 55

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.

AMOM vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) 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.

	AMOM	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.56	-0.40
Sortino ratio: Return per unit of downside risk	1.62	2.13	-0.50
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	2.31	2.72	-0.40
Martin ratio: Return relative to average drawdown	7.47	6.78	+0.69

AMOM vs. BITI - Sharpe Ratio Comparison

The current AMOM Sharpe Ratio is 1.16, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of AMOM 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

AMOM vs. BITI - Drawdown Comparison

The maximum AMOM drawdown since its inception was -39.68%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AMOM and BITI.

Drawdown Indicators

	AMOM	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-39.68%	-92.16%	+52.48%
Max Drawdown (1Y) Largest decline over 1 year	-13.10%	-25.28%	+12.18%
Max Drawdown (3Y) Largest decline over 3 years	-30.26%	-84.63%	+54.37%
Max Drawdown (5Y) Largest decline over 5 years	-39.68%	—	—
Current Drawdown Current decline from peak	-8.19%	-85.94%	+77.75%
Average Drawdown Average peak-to-trough decline	-10.71%	-68.34%	+57.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	10.11%	-6.06%

Volatility

AMOM vs. BITI - Volatility Comparison

QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a higher volatility of 13.54% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that AMOM'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.

Volatility by Period

	AMOM	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.54%	11.38%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	21.94%	34.25%	-12.31%
Volatility (1Y) Calculated over the trailing 1-year period	26.18%	44.14%	-17.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.66%	52.28%	-27.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.41%	52.28%	-26.87%

AMOM vs. BITI - Expense Ratio Comparison

AMOM has a 0.75% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

AMOM vs. BITI - Dividend Comparison

AMOM's dividend yield for the trailing twelve months is around 0.03%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	0.03%	0.09%	0.00%	0.47%	0.72%	0.74%	24.31%	5.51%
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMOM and BITI in my portfolio?

AMOM and BITI have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMOM or BITI?

AMOM has higher volatility (13.54%) compared to BITI (11.38%). In terms of maximum drawdown, AMOM dropped -39.68% vs BITI's -92.16%.

Which ETF is better, AMOM or BITI?

On 3-year performance, AMOM leads with 22.99% vs -30.65% for BITI. On fees, AMOM is cheaper at 0.75% per year. On volatility, BITI has been the lower-risk option at 11.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMOM or BITI?

Over the 3-year period, AMOM has performed better with a 22.99% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMOM or BITI?

AMOM is cheaper with a 0.75% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 0.03% for AMOM.

What is the main difference between AMOM and BITI?

AMOM is categorized as Momentum, while BITI is Cryptocurrency. They also come from different issuers: Exchange Traded Concepts and ProShares. Their fees differ too: 0.75% for AMOM and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs 1.16), 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.