ASHS vs. BITI
ASHS (Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ASHS is a China Equities fund tracking the CSI 500 Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ASHS returned 13.36%/yr vs -30.65%/yr for BITI. At a correlation of -0.19, they often move in opposite directions. ASHS charges 0.65%/yr vs 1.03%/yr for BITI.
Performance
ASHS vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, ASHS achieves a 12.81% return, which is significantly lower than BITI's 28.75% return.
ASHS
- 1D
- -4.79%
- 1M
- -0.10%
- 6M
- 1.16%
- YTD
- 12.81%
- 1Y
- 44.88%
- 3Y*
- 13.36%
- 5Y*
- 3.07%
- 10Y*
- 2.63%
BITI
- 1D
- 2.65%
- 1M
- 1.46%
- 6M
- 34.68%
- YTD
- 28.75%
- 1Y
- 68.34%
- 3Y*
- -30.65%
- 5Y*
- —
- 10Y*
- —
ASHS vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 12.81% | 39.48% | 2.68% | -10.03% | -9.39% |
BITI ProShares Short Bitcoin ETF | 28.75% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between ASHS and BITI is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.19 |
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Return for Risk
ASHS vs. BITI — Risk / Return Rank
ASHS
BITI
ASHS vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) 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.
| ASHS | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 2.72 | +0.50 |
| Martin ratioReturn relative to average drawdown | 9.73 | 6.78 | +2.95 |
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Drawdowns
ASHS vs. BITI - Drawdown Comparison
The maximum ASHS drawdown since its inception was -69.90%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ASHS and BITI.
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Drawdown Indicators
| ASHS | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.90% | -92.16% | +22.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -25.28% | +11.25% |
Max Drawdown (3Y)Largest decline over 3 years | -34.13% | -84.63% | +50.50% |
Max Drawdown (5Y)Largest decline over 5 years | -47.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.81% | — | — |
Current DrawdownCurrent decline from peak | -34.89% | -85.94% | +51.05% |
Average DrawdownAverage peak-to-trough decline | -48.41% | -68.34% | +19.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 10.11% | -5.49% |
Volatility
ASHS vs. BITI - Volatility Comparison
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) and ProShares Short Bitcoin ETF (BITI) have volatilities of 11.00% 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.
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Volatility by Period
| ASHS | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.00% | 11.38% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 34.25% | -14.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.93% | 44.14% | -19.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.85% | 52.28% | -25.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.73% | 52.28% | -26.55% |
ASHS vs. BITI - Expense Ratio Comparison
ASHS has a 0.65% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ASHS vs. BITI - Dividend Comparison
ASHS has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 0.00% | 0.00% | 0.69% | 0.65% | 1.90% | 0.76% | 0.43% | 0.57% | 0.00% | 0.00% | 0.00% | 8.34% |
BITI ProShares Short Bitcoin ETF | 15.10% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASHS and BITI have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (11.38%) compared to ASHS (11.00%). In terms of maximum drawdown, ASHS dropped -69.90% vs BITI's -92.16%.
On 3-year performance, ASHS leads with 13.36% vs -30.65% for BITI. On fees, ASHS is cheaper at 0.65% per year. On volatility, ASHS has been the lower-risk option at 11.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ASHS has performed better with a 13.36% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASHS is cheaper with a 0.65% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.10%, compared with 0.00% for ASHS.
ASHS is categorized as China Equities, while BITI is Cryptocurrency. ASHS tracks CSI 500 Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Deutsche Bank and ProShares. Their fees differ too: 0.65% for ASHS and 1.03% for BITI.
ASHS currently has the higher Sharpe Ratio (1.81 vs 1.56), 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.
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