AVTM vs. BITI

Last updated Jul 17, 2026

AVTM (Avantis Total Equity Markets ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AVTM is a Global Equities fund actively managed by Avantis, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. AVTM is actively managed, while BITI is passively managed. At a correlation of -0.54, they often move in opposite directions. AVTM charges 0.22%/yr vs 1.03%/yr for BITI.

Performance

AVTM vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Total Equity Markets ETF (AVTM) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AVTM

• 1D: -0.64%
• 1M: -0.29%
• 6M: —
• YTD: —
• 1Y: —
• 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)

AVTM vs. BITI - Yearly Performance Comparison

	2026 (YTD)
AVTM Avantis Total Equity Markets ETF	8.86%
BITI ProShares Short Bitcoin ETF	20.23%

Correlation

The correlation between AVTM and BITI is -0.54, 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 (All Time) Calculated using the full available price history since Feb 2, 2026	-0.54

Return for Risk

AVTM vs. BITI — Risk / Return Rank

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

AVTM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AVTM vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Total Equity Markets ETF (AVTM) 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.

	AVTM	BITI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.47	—
Sortino ratio: Return per unit of downside risk	—	2.04	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.57	—
Martin ratio: Return relative to average drawdown	—	6.38	—

Drawdowns

AVTM vs. BITI - Drawdown Comparison

The maximum AVTM drawdown since its inception was -9.21%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AVTM and BITI.

Drawdown Indicators

	AVTM	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-9.21%	-92.16%	+82.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-0.94%	-86.41%	+85.47%
Average Drawdown Average peak-to-trough decline	-1.89%	-68.40%	+66.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.16%	—

Volatility

Volatility by Period

	AVTM	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.76%	44.15%	-28.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.76%	52.24%	-36.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	52.24%	-36.48%

AVTM vs. BITI - Expense Ratio Comparison

AVTM has a 0.22% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

AVTM vs. BITI - Dividend Comparison

AVTM's dividend yield for the trailing twelve months is around 0.28%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022
AVTM Avantis Total Equity Markets ETF	0.28%	0.00%	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 AVTM and BITI in my portfolio?

AVTM and BITI have a correlation of -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVTM or BITI?

On fees, AVTM is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVTM or BITI?

AVTM is cheaper with a 0.22% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 0.28% for AVTM.

What is the main difference between AVTM and BITI?

AVTM is categorized as Global Equities, while BITI is Cryptocurrency. They also come from different issuers: Avantis and ProShares. Their fees differ too: 0.22% for AVTM and 1.03% for BITI.