ASMH vs. BITI

Last updated Jul 17, 2026

ASMH (ASML Holding NV ADR Hedged ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ASMH is a Technology Equities fund tracking the ASML Holding NV Sponsored ADR, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past year, ASMH returned 143.52% vs 64.61% for BITI. At a correlation of -0.28, they often move in opposite directions. ASMH charges 0.19%/yr vs 1.03%/yr for BITI.

Performance

ASMH vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASML Holding NV ADR Hedged ETF (ASMH) 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, ASMH achieves a 71.44% return, which is significantly higher than BITI's 24.48% return.

ASMH

• 1D: -2.11%
• 1M: 0.25%
• 6M: 36.58%
• YTD: 71.44%
• 1Y: 143.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: 1.13%
• 1M: 1.49%
• 6M: 35.86%
• YTD: 24.48%
• 1Y: 64.61%
• 3Y*: -31.62%
• 5Y*: —
• 10Y*: —

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

ASMH vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
ASMH ASML Holding NV ADR Hedged ETF	71.44%	59.22%
BITI ProShares Short Bitcoin ETF	24.48%	1.46%

Correlation

The correlation between ASMH and BITI is -0.28, 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	-0.28
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.28

Return for Risk

ASMH vs. BITI — Risk / Return Rank

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

ASMH

ASMH Risk / Return Rank: 95
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 89
ASMH Calmar Ratio Rank: 98
ASMH Martin Ratio Rank: 96

BITI

BITI Risk / Return Rank: 52
BITI Sharpe Ratio Rank: 53
BITI Sortino Ratio Rank: 50
BITI Omega Ratio Rank: 46
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.

ASMH vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding NV ADR Hedged ETF (ASMH) 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.

	ASMH	BITI	Difference
Sharpe ratio: Return per unit of total volatility	3.37	1.47	+1.89
Sortino ratio: Return per unit of downside risk	3.73	2.04	+1.69
Omega ratio: Gain probability vs. loss probability	1.45	1.25	+0.21
Calmar ratio: Return relative to maximum drawdown	9.79	2.57	+7.22
Martin ratio: Return relative to average drawdown	28.17	6.38	+21.80

ASMH vs. BITI - Sharpe Ratio Comparison

The current ASMH Sharpe Ratio is 3.37, which is higher than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of ASMH 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

ASMH vs. BITI - Drawdown Comparison

The maximum ASMH drawdown since its inception was -15.89%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ASMH and BITI.

Drawdown Indicators

	ASMH	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-15.89%	-92.16%	+76.27%
Max Drawdown (1Y) Largest decline over 1 year	-14.75%	-25.28%	+10.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-10.51%	-86.41%	+75.90%
Average Drawdown Average peak-to-trough decline	-4.41%	-68.40%	+63.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	10.16%	-4.99%

Volatility

ASMH vs. BITI - Volatility Comparison

ASML Holding NV ADR Hedged ETF (ASMH) has a higher volatility of 18.11% compared to ProShares Short Bitcoin ETF (BITI) at 10.76%. This indicates that ASMH'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

	ASMH	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.11%	10.76%	+7.35%
Volatility (6M) Calculated over the trailing 6-month period	34.14%	34.28%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	43.78%	44.15%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.26%	52.24%	-10.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.26%	52.24%	-10.98%

ASMH vs. BITI - Expense Ratio Comparison

ASMH has a 0.19% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

ASMH vs. BITI - Dividend Comparison

ASMH's dividend yield for the trailing twelve months is around 1.63%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022
ASMH ASML Holding NV ADR Hedged ETF	1.63%	0.19%	0.00%	0.00%	0.00%
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%

Frequently Asked Questions

Can I hold both ASMH and BITI in my portfolio?

ASMH and BITI have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASMH or BITI?

ASMH has higher volatility (18.11%) compared to BITI (10.76%). In terms of maximum drawdown, ASMH dropped -15.89% vs BITI's -92.16%.

Which ETF is better, ASMH or BITI?

On 1-year performance, ASMH leads with 143.52% vs 64.61% for BITI. On fees, ASMH is cheaper at 0.19% per year. On volatility, BITI has been the lower-risk option at 10.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMH or BITI?

Over the 1-year period, ASMH has performed better with a 143.52% return vs 64.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMH or BITI?

ASMH is cheaper with a 0.19% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 1.63% for ASMH.

What is the main difference between ASMH and BITI?

ASMH is categorized as Technology Equities, while BITI is Cryptocurrency. ASMH tracks ASML Holding NV Sponsored ADR, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Precidian Funds and ProShares. Their fees differ too: 0.19% for ASMH and 1.03% for BITI.

Which has better risk-adjusted returns?

ASMH currently has the higher Sharpe Ratio (3.37 vs 1.47), 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.