BBCA vs. BITI
BBCA (JPMorgan BetaBuilders Canada ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - BBCA is a Canada Equities fund tracking the Morningstar Canada Target Market Exposure Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, BBCA returned 21.73%/yr vs -32.35%/yr for BITI. Their -0.34 correlation means they have often moved in opposite directions in the past. BBCA charges 0.19%/yr vs 1.03%/yr for BITI.
Performance
BBCA vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, BBCA achieves a 11.48% return, which is significantly lower than BITI's 25.22% return.
BBCA
- 1D
- 0.50%
- 1M
- 3.24%
- 6M
- 10.32%
- YTD
- 11.48%
- 1Y
- 31.11%
- 3Y*
- 21.73%
- 5Y*
- 12.37%
- 10Y*
- —
- ALL TIME*
- 12.28%
BITI
- 1D
- -1.48%
- 1M
- -4.03%
- 6M
- 13.09%
- YTD
- 25.22%
- 1Y
- 56.28%
- 3Y*
- -32.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.64M | $22.26M | $27.98M | |
| $24.18M | $25.87M | $38.72M |
BBCA vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BBCA JPMorgan BetaBuilders Canada ETF | 11.48% | 34.40% | 12.79% | 14.92% | 0.33% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between BBCA and BITI is -0.40, 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. | -0.40 |
Correlation (3Y) Balances recent behavior with more history. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.34 |
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Return for Risk
BBCA vs. BITI — Risk / Return Rank
BBCA
BITI
BBCA vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders Canada ETF (BBCA) 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.
| BBCA | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.24 | +1.47 |
| Martin ratioReturn relative to average drawdown | 14.88 | 5.45 | +9.43 |
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Drawdowns
BBCA vs. BITI - Drawdown Comparison
The maximum BBCA drawdown since its inception was -42.81%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for BBCA and BITI.
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Drawdown Indicators
| BBCA | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -92.16% | +49.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -25.28% | +16.85% |
Max Drawdown (3Y)Largest decline over 3 years | -12.37% | -84.63% | +72.26% |
Max Drawdown (5Y)Largest decline over 5 years | -24.43% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -86.33% | +85.95% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -68.61% | +62.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 10.37% | -8.27% |
Volatility
BBCA vs. BITI - Volatility Comparison
The current volatility for JPMorgan BetaBuilders Canada ETF (BBCA) is 3.05%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 8.93%. This indicates that BBCA 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
| BBCA | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 8.93% | -5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 33.35% | -22.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 44.25% | -30.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.66% | 52.01% | -35.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 52.01% | -32.01% |
BBCA vs. BITI - Expense Ratio Comparison
BBCA has a 0.19% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
BBCA vs. BITI - Dividend Comparison
BBCA's dividend yield for the trailing twelve months is around 1.72%, less than BITI's 21.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBCA JPMorgan BetaBuilders Canada ETF | 1.72% | 1.83% | 2.36% | 2.51% | 2.65% | 2.17% | 2.41% | 2.32% | 1.21% |
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBCA and BITI have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (8.93%) compared to BBCA (3.05%). In terms of maximum drawdown, BBCA dropped -42.81% vs BITI's -92.16%.
On 3-year performance, BBCA leads with 21.73% vs -32.35% for BITI. On fees, BBCA is cheaper at 0.19% per year. On volatility, BBCA has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBCA has performed better with a 21.73% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBCA is cheaper with a 0.19% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 21.80%, compared with 1.72% for BBCA.
BBCA is categorized as Canada Equities, while BITI is Cryptocurrency. BBCA tracks Morningstar Canada Target Market Exposure Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.19% for BBCA and 1.03% for BITI.
BBCA currently has the higher Sharpe Ratio (2.27 vs 1.28), 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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