AVDS vs. BITI

Last updated Jul 17, 2026

AVDS (Avantis International Small Cap Equity ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AVDS is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. AVDS is actively managed, while BITI is passively managed. Over the past year, AVDS returned 23.85% vs 64.61% for BITI. At a correlation of -0.31, they often move in opposite directions. AVDS charges 0.30%/yr vs 1.03%/yr for BITI.

Performance

AVDS vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Equity ETF (AVDS) 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, AVDS achieves a 9.59% return, which is significantly lower than BITI's 24.48% return.

AVDS

• 1D: -0.80%
• 1M: -2.59%
• 6M: 4.99%
• YTD: 9.59%
• 1Y: 23.85%
• 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)

AVDS vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVDS Avantis International Small Cap Equity ETF	9.59%	38.18%	3.20%	3.58%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-29.79%

Correlation

The correlation between AVDS 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 (All Time) Calculated using the full available price history since Jul 20, 2023	-0.31

The correlation between AVDS and BITI shifts across timeframes, from -0.43 (1 year) to -0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AVDS vs. BITI — Risk / Return Rank

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

AVDS

AVDS Risk / Return Rank: 52
AVDS Sharpe Ratio Rank: 56
AVDS Sortino Ratio Rank: 54
AVDS Omega Ratio Rank: 54
AVDS Calmar Ratio Rank: 46
AVDS Martin Ratio Rank: 51

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.

AVDS vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Equity ETF (AVDS) 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.

	AVDS	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.47	+0.05
Sortino ratio: Return per unit of downside risk	2.14	2.04	+0.10
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	1.93	2.57	-0.64
Martin ratio: Return relative to average drawdown	7.00	6.38	+0.62

AVDS vs. BITI - Sharpe Ratio Comparison

The current AVDS Sharpe Ratio is 1.52, which is comparable to the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of AVDS 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

AVDS vs. BITI - Drawdown Comparison

The maximum AVDS drawdown since its inception was -13.51%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AVDS and BITI.

Drawdown Indicators

	AVDS	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-13.51%	-92.16%	+78.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.44%	-25.28%	+12.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-3.87%	-86.41%	+82.54%
Average Drawdown Average peak-to-trough decline	-2.86%	-68.40%	+65.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	10.16%	-6.74%

Volatility

AVDS vs. BITI - Volatility Comparison

The current volatility for Avantis International Small Cap Equity ETF (AVDS) is 4.17%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that AVDS experiences smaller price fluctuations and is considered to be less risky than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVDS	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	10.76%	-6.59%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	34.28%	-20.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	44.15%	-28.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	52.24%	-36.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	52.24%	-36.78%

AVDS vs. BITI - Expense Ratio Comparison

AVDS has a 0.30% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

AVDS vs. BITI - Dividend Comparison

AVDS's dividend yield for the trailing twelve months is around 2.32%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022
AVDS Avantis International Small Cap Equity ETF	2.32%	2.37%	3.07%	0.72%	0.00%
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%

Frequently Asked Questions

Can I hold both AVDS and BITI in my portfolio?

AVDS 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, AVDS or BITI?

BITI has higher volatility (10.76%) compared to AVDS (4.17%). In terms of maximum drawdown, AVDS dropped -13.51% vs BITI's -92.16%.

Which ETF is better, AVDS or BITI?

On 1-year performance, BITI leads with 64.61% vs 23.85% for AVDS. On fees, AVDS is cheaper at 0.30% per year. On volatility, AVDS has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVDS or BITI?

Over the 1-year period, BITI has performed better with a 64.61% return vs 23.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVDS or BITI?

AVDS is cheaper with a 0.30% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 2.32% for AVDS.

What is the main difference between AVDS and BITI?

AVDS is categorized as Foreign Small & Mid Cap Equities, while BITI is Cryptocurrency. They also come from different issuers: Avantis and ProShares. Their fees differ too: 0.30% for AVDS and 1.03% for BITI.

Which has better risk-adjusted returns?

AVDS currently has the higher Sharpe Ratio (1.52 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.