ASTX vs. BITI

Last updated Aug 1, 2026

ASTX (Tradr 2X Long ASTS Daily ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ASTX is a Leveraged Equities fund actively managed by Tradr, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. ASTX is actively managed, while BITI is passively managed. Over the past year, ASTX returned -68.42% vs 58.64% for BITI. Their -0.32 correlation means they have often moved in opposite directions in the past. ASTX charges 1.30%/yr vs 1.03%/yr for BITI.

Performance

ASTX vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long ASTS Daily ETF (ASTX) 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, ASTX achieves a -73.48% return, which is significantly lower than BITI's 27.11% return.

ASTX

• 1D: 1.69%
• 1M: -57.22%
• 6M: -87.02%
• YTD: -73.48%
• 1Y: -68.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -54.70%

BITI

• 1D: 3.01%
• 1M: -2.58%
• 6M: 22.77%
• YTD: 27.11%
• 1Y: 58.64%
• 3Y*: -31.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -35.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASTX Tradr 2X Long ASTS Daily ETF	$48.95M	$70.14M	$195.58M
BITI ProShares Short Bitcoin ETF	$24.10M	$26.49M	$38.71M

ASTX vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
ASTX Tradr 2X Long ASTS Daily ETF	-73.48%	63.68%
BITI ProShares Short Bitcoin ETF	27.11%	25.36%

Correlation

The correlation between ASTX and BITI is -0.33, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.33
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	-0.32

Return for Risk

ASTX vs. BITI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASTX

ASTX Risk / Return Rank: 11
ASTX Sharpe Ratio Rank: 7
ASTX Sortino Ratio Rank: 23
ASTX Omega Ratio Rank: 21
ASTX Calmar Ratio Rank: 3
ASTX Martin Ratio Rank: 2

BITI

BITI Risk / Return Rank: 61
BITI Sharpe Ratio Rank: 63
BITI Sortino Ratio Rank: 60
BITI Omega Ratio Rank: 55
BITI Calmar Ratio Rank: 73
BITI Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASTX vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ASTS Daily ETF (ASTX) 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.

	ASTX	BITI	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	1.45	-1.77
Sortino ratio: Return per unit of downside risk	0.83	2.02	-1.19
Omega ratio: Gain probability vs. loss probability	1.09	1.24	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.76	2.53	-3.30
Martin ratio: Return relative to average drawdown	-1.27	6.17	-7.44

ASTX vs. BITI - Sharpe Ratio Comparison

The current ASTX Sharpe Ratio is -0.32, which is lower than the BITI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of ASTX 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

ASTX vs. BITI - Drawdown Comparison

The maximum ASTX drawdown since its inception was -91.24%, roughly equal to the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ASTX and BITI.

Drawdown Indicators

	ASTX	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-91.24%	-92.16%	+0.92%
Max Drawdown (1Y) Largest decline over 1 year	-91.24%	-25.28%	-65.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-89.27%	-86.12%	-3.15%
Average Drawdown Average peak-to-trough decline	-49.51%	-68.59%	+19.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.73%	10.35%	+44.38%

Volatility

ASTX vs. BITI - Volatility Comparison

Tradr 2X Long ASTS Daily ETF (ASTX) has a higher volatility of 60.16% compared to ProShares Short Bitcoin ETF (BITI) at 9.13%. This indicates that ASTX'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

	ASTX	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	60.16%	9.13%	+51.03%
Volatility (6M) Calculated over the trailing 6-month period	163.48%	33.31%	+130.17%
Volatility (1Y) Calculated over the trailing 1-year period	218.96%	44.23%	+174.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	215.72%	52.03%	+163.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	215.72%	52.03%	+163.69%

ASTX vs. BITI - Expense Ratio Comparison

ASTX has a 1.30% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

ASTX vs. BITI - Dividend Comparison

ASTX has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.30%.

Position	TTM	2025	2024	2023	2022
ASTX Tradr 2X Long ASTS Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%
BITI ProShares Short Bitcoin ETF	15.17%	1.60%	3.91%	3.33%	0.06%

Frequently Asked Questions

Can I hold both ASTX and BITI in my portfolio?

ASTX and BITI have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASTX or BITI?

ASTX has higher volatility (60.16%) compared to BITI (9.13%). In terms of maximum drawdown, ASTX dropped -91.24% vs BITI's -92.16%.

Which ETF is better, ASTX or BITI?

On 1-year performance, BITI leads with 58.64% vs -68.42% for ASTX. On fees, BITI is cheaper at 1.03% per year. On volatility, BITI has been the lower-risk option at 9.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASTX or BITI?

Over the 1-year period, BITI has performed better with a 58.64% return vs -68.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASTX or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 1.30% for ASTX.

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

BITI has the higher dividend yield at 15.17%, compared with 0.00% for ASTX.

What is the main difference between ASTX and BITI?

ASTX is categorized as Leveraged Equities, while BITI is Cryptocurrency. They also come from different issuers: Tradr and ProShares. Their fees differ too: 1.30% for ASTX and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.45 vs -0.32), 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.