AVIV vs. BITI
AVIV (Avantis International Large Cap Value ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AVIV is a Foreign Large Cap Equities fund actively managed by Avantis, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. AVIV is actively managed, while BITI is passively managed. Over the past 3 years, AVIV returned 20.92%/yr vs -31.77%/yr for BITI. Their -0.32 correlation means they have often moved in opposite directions in the past. AVIV charges 0.25%/yr vs 1.03%/yr for BITI.
Performance
AVIV vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, AVIV achieves a 14.73% return, which is significantly lower than BITI's 27.11% return.
AVIV
- 1D
- -0.57%
- 1M
- 2.92%
- 6M
- 8.42%
- YTD
- 14.73%
- 1Y
- 33.30%
- 3Y*
- 20.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.93%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.58M | $8.48M | $14.10M | |
| $24.10M | $26.49M | $38.71M |
AVIV vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 14.73% | 41.80% | 4.30% | 18.47% | 6.23% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between AVIV and BITI is -0.42, 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. | -0.42 |
Correlation (3Y) Balances recent behavior with more history. | -0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.32 |
The correlation between AVIV and BITI shifts across timeframes, from -0.42 (1 year) to -0.29 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AVIV vs. BITI — Risk / Return Rank
AVIV
BITI
AVIV vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Large Cap Value ETF (AVIV) 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.
| AVIV | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 2.53 | +0.56 |
| Martin ratioReturn relative to average drawdown | 12.04 | 6.17 | +5.87 |
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Drawdowns
AVIV vs. BITI - Drawdown Comparison
The maximum AVIV drawdown since its inception was -27.69%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AVIV and BITI.
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Drawdown Indicators
| AVIV | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -92.16% | +64.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -25.28% | +14.50% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -84.63% | +70.50% |
Current DrawdownCurrent decline from peak | -0.57% | -86.12% | +85.55% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -68.59% | +63.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 10.35% | -7.58% |
Volatility
AVIV vs. BITI - Volatility Comparison
The current volatility for Avantis International Large Cap Value ETF (AVIV) is 4.19%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that AVIV 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.
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Volatility by Period
| AVIV | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 9.13% | -4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 33.31% | -20.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 44.23% | -29.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 52.03% | -35.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 52.03% | -35.19% |
AVIV vs. BITI - Expense Ratio Comparison
AVIV has a 0.25% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
AVIV vs. BITI - Dividend Comparison
AVIV's dividend yield for the trailing twelve months is around 2.47%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AVIV Avantis International Large Cap Value ETF | 2.47% | 3.01% | 3.46% | 3.64% | 2.84% | 0.57% |
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% |
Frequently Asked Questions
AVIV 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.
BITI has higher volatility (9.13%) compared to AVIV (4.19%). In terms of maximum drawdown, AVIV dropped -27.69% vs BITI's -92.16%.
On 3-year performance, AVIV leads with 20.92% vs -31.77% for BITI. On fees, AVIV is cheaper at 0.25% per year. On volatility, AVIV has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AVIV has performed better with a 20.92% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVIV is cheaper with a 0.25% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 2.47% for AVIV.
AVIV is categorized as Foreign Large Cap Equities, while BITI is Cryptocurrency. They also come from different issuers: Avantis and ProShares. Their fees differ too: 0.25% for AVIV and 1.03% for BITI.
AVIV currently has the higher Sharpe Ratio (2.27 vs 1.45), 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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