AVGV vs. BITI

Last updated Jul 14, 2026

AVGV (Avantis All Equity Markets Value ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AVGV is a Global Equities fund actively managed by Avantis, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. AVGV is actively managed, while BITI is passively managed. Over the past 3 years, AVGV returned 20.08%/yr vs -30.65%/yr for BITI. At a correlation of -0.35, they often move in opposite directions. AVGV charges 0.26%/yr vs 1.03%/yr for BITI.

Performance

AVGV vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets Value ETF (AVGV) 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, AVGV achieves a 17.20% return, which is significantly lower than BITI's 28.75% return.

AVGV

• 1D: -0.39%
• 1M: -0.90%
• 6M: 12.48%
• YTD: 17.20%
• 1Y: 30.43%
• 3Y*: 20.08%
• 5Y*: —
• 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)

AVGV vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	17.20%	22.57%	11.26%	11.88%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-29.38%

Correlation

The correlation between AVGV and BITI is -0.42, 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	-0.42
Correlation (3Y) Calculated over the trailing 3-year period	-0.35
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023	-0.35

Return for Risk

AVGV vs. BITI — Risk / Return Rank

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

AVGV

AVGV Risk / Return Rank: 87
AVGV Sharpe Ratio Rank: 88
AVGV Sortino Ratio Rank: 88
AVGV Omega Ratio Rank: 86
AVGV Calmar Ratio Rank: 85
AVGV Martin Ratio Rank: 87

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.

AVGV vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets Value ETF (AVGV) 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.

	AVGV	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.56	+0.74
Sortino ratio: Return per unit of downside risk	3.22	2.13	+1.10
Omega ratio: Gain probability vs. loss probability	1.41	1.26	+0.16
Calmar ratio: Return relative to maximum drawdown	3.76	2.72	+1.05
Martin ratio: Return relative to average drawdown	14.46	6.78	+7.69

AVGV vs. BITI - Sharpe Ratio Comparison

The current AVGV Sharpe Ratio is 2.30, which is higher than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of AVGV 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

AVGV vs. BITI - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AVGV and BITI.

Drawdown Indicators

	AVGV	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-92.16%	+75.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-25.28%	+17.16%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	-84.63%	+67.60%
Current Drawdown Current decline from peak	-1.38%	-85.94%	+84.56%
Average Drawdown Average peak-to-trough decline	-2.26%	-68.34%	+66.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	10.11%	-8.00%

Volatility

AVGV vs. BITI - Volatility Comparison

The current volatility for Avantis All Equity Markets Value ETF (AVGV) is 3.77%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that AVGV 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

	AVGV	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	11.38%	-7.61%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	34.25%	-23.90%
Volatility (1Y) Calculated over the trailing 1-year period	13.32%	44.14%	-30.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	52.28%	-37.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	52.28%	-37.35%

AVGV vs. BITI - Expense Ratio Comparison

AVGV has a 0.26% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

AVGV vs. BITI - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 1.63%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022
AVGV Avantis All Equity Markets Value ETF	1.63%	1.98%	2.32%	1.14%	0.00%
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%

Frequently Asked Questions

Can I hold both AVGV and BITI in my portfolio?

AVGV and BITI have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGV or BITI?

BITI has higher volatility (11.38%) compared to AVGV (3.77%). In terms of maximum drawdown, AVGV dropped -17.03% vs BITI's -92.16%.

Which ETF is better, AVGV or BITI?

On 3-year performance, AVGV leads with 20.08% vs -30.65% for BITI. On fees, AVGV is cheaper at 0.26% per year. On volatility, AVGV has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVGV or BITI?

Over the 3-year period, AVGV has performed better with a 20.08% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVGV or BITI?

AVGV is cheaper with a 0.26% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 1.63% for AVGV.

What is the main difference between AVGV and BITI?

AVGV is categorized as Global Equities, while BITI is Cryptocurrency. They also come from different issuers: Avantis and ProShares. Their fees differ too: 0.26% for AVGV and 1.03% for BITI.

Which has better risk-adjusted returns?

AVGV currently has the higher Sharpe Ratio (2.30 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.