BBMC vs. BITI
BBMC (JPMorgan BetaBuilders U.S. Mid Cap Equity ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - BBMC is a Small Cap Growth Equities fund tracking the Morningstar US Mid Cap Target Market Exposure Extended Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, BBMC returned 17.47%/yr vs -32.35%/yr for BITI. Their -0.41 correlation means they have often moved in opposite directions in the past. BBMC charges 0.07%/yr vs 1.03%/yr for BITI.
Performance
BBMC vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, BBMC achieves a 18.36% return, which is significantly lower than BITI's 25.22% return.
BBMC
- 1D
- 1.29%
- 1M
- -0.65%
- 6M
- 12.42%
- YTD
- 18.36%
- 1Y
- 29.93%
- 3Y*
- 17.47%
- 5Y*
- 8.74%
- 10Y*
- —
- ALL TIME*
- 17.55%
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) |
|---|---|---|---|
| $1.30M | $1.45M | $2.55M | |
| $24.18M | $25.87M | $38.72M |
BBMC vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 18.36% | 12.24% | 15.15% | 18.37% | 7.24% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between BBMC and BITI is -0.46, 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. | -0.46 |
Correlation (3Y) Balances recent behavior with more history. | -0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.41 |
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Return for Risk
BBMC vs. BITI — Risk / Return Rank
BBMC
BITI
BBMC vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) 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.
| BBMC | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.24 | +0.85 |
| Martin ratioReturn relative to average drawdown | 11.91 | 5.45 | +6.46 |
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Drawdowns
BBMC vs. BITI - Drawdown Comparison
The maximum BBMC drawdown since its inception was -30.11%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for BBMC and BITI.
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Drawdown Indicators
| BBMC | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -92.16% | +62.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -25.28% | +15.53% |
Max Drawdown (3Y)Largest decline over 3 years | -24.18% | -84.63% | +60.45% |
Max Drawdown (5Y)Largest decline over 5 years | -30.11% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -86.33% | +85.11% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -68.61% | +59.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 10.37% | -7.85% |
Volatility
BBMC vs. BITI - Volatility Comparison
The current volatility for JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) is 3.57%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 8.93%. This indicates that BBMC 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
| BBMC | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 8.93% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 33.35% | -20.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 44.25% | -27.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 52.01% | -31.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.95% | 52.01% | -31.06% |
BBMC vs. BITI - Expense Ratio Comparison
BBMC has a 0.07% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
BBMC vs. BITI - Dividend Comparison
BBMC's dividend yield for the trailing twelve months is around 1.12%, less than BITI's 21.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 1.12% | 1.25% | 1.31% | 1.36% | 1.48% | 0.87% | 0.69% |
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% |
Frequently Asked Questions
BBMC and BITI have a correlation of -0.46, 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 BBMC (3.57%). In terms of maximum drawdown, BBMC dropped -30.11% vs BITI's -92.16%.
On 3-year performance, BBMC leads with 17.47% vs -32.35% for BITI. On fees, BBMC is cheaper at 0.07% per year. On volatility, BBMC has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBMC has performed better with a 17.47% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBMC is cheaper with a 0.07% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 21.80%, compared with 1.12% for BBMC.
BBMC is categorized as Small Cap Growth Equities, while BITI is Cryptocurrency. BBMC tracks Morningstar US Mid Cap Target Market Exposure Extended Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.07% for BBMC and 1.03% for BITI.
BBMC currently has the higher Sharpe Ratio (1.80 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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