BBC vs. BITI
BBC (Virtus LifeSci Biotech Clinical Trials ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - BBC is a Health & Biotech Equities fund tracking the LifeSci Biotechnology Clinical Trials Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, BBC returned 29.88%/yr vs -30.65%/yr for BITI. At a correlation of -0.31, they often move in opposite directions. BBC charges 0.79%/yr vs 1.03%/yr for BITI.
Performance
BBC vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, BBC achieves a 33.14% return, which is significantly higher than BITI's 28.75% return.
BBC
- 1D
- -3.43%
- 1M
- 19.31%
- 6M
- 30.42%
- YTD
- 33.14%
- 1Y
- 146.38%
- 3Y*
- 29.88%
- 5Y*
- 2.74%
- 10Y*
- 11.19%
BITI
- 1D
- 2.65%
- 1M
- 1.46%
- 6M
- 34.68%
- YTD
- 28.75%
- 1Y
- 68.34%
- 3Y*
- -30.65%
- 5Y*
- —
- 10Y*
- —
BBC vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BBC Virtus LifeSci Biotech Clinical Trials ETF | 33.14% | 63.77% | -1.11% | -1.80% | 27.08% |
BITI ProShares Short Bitcoin ETF | 28.75% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between BBC and BITI is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.31 |
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Return for Risk
BBC vs. BITI — Risk / Return Rank
BBC
BITI
BBC vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus LifeSci Biotech Clinical Trials ETF (BBC) 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.
| BBC | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.26 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 9.75 | 2.72 | +7.04 |
| Martin ratioReturn relative to average drawdown | 28.51 | 6.78 | +21.73 |
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Drawdowns
BBC vs. BITI - Drawdown Comparison
The maximum BBC drawdown since its inception was -76.85%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for BBC and BITI.
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Drawdown Indicators
| BBC | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.85% | -92.16% | +15.31% |
Max Drawdown (1Y)Largest decline over 1 year | -15.10% | -25.28% | +10.18% |
Max Drawdown (3Y)Largest decline over 3 years | -54.45% | -84.63% | +30.18% |
Max Drawdown (5Y)Largest decline over 5 years | -70.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.85% | — | — |
Current DrawdownCurrent decline from peak | -14.54% | -85.94% | +71.40% |
Average DrawdownAverage peak-to-trough decline | -36.97% | -68.34% | +31.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 10.11% | -4.95% |
Volatility
BBC vs. BITI - Volatility Comparison
The current volatility for Virtus LifeSci Biotech Clinical Trials ETF (BBC) is 10.38%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that BBC 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
| BBC | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.38% | 11.38% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 26.30% | 34.25% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.18% | 44.14% | -7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.59% | 52.28% | -12.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.70% | 52.28% | -14.58% |
BBC vs. BITI - Expense Ratio Comparison
BBC has a 0.79% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
BBC vs. BITI - Dividend Comparison
BBC's dividend yield for the trailing twelve months is around 1.28%, less than BITI's 15.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBC Virtus LifeSci Biotech Clinical Trials ETF | 1.28% | 1.70% | 1.00% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.09% | 0.00% | 0.51% |
BITI ProShares Short Bitcoin ETF | 15.10% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBC and BITI have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (11.38%) compared to BBC (10.38%). In terms of maximum drawdown, BBC dropped -76.85% vs BITI's -92.16%.
On 3-year performance, BBC leads with 29.88% vs -30.65% for BITI. On fees, BBC is cheaper at 0.79% per year. On volatility, BBC has been the lower-risk option at 10.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBC has performed better with a 29.88% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBC is cheaper with a 0.79% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.10%, compared with 1.28% for BBC.
BBC is categorized as Health & Biotech Equities, while BITI is Cryptocurrency. BBC tracks LifeSci Biotechnology Clinical Trials Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Virtus Investment Partners and ProShares. Their fees differ too: 0.79% for BBC and 1.03% for BITI.
BBC currently has the higher Sharpe Ratio (4.08 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.
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