BITI.TO vs. CHPS.TO
BITI.TO (BetaPro Inverse Bitcoin ETF) and CHPS.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - BITI.TO is a Leveraged Cryptocurrency fund actively managed by Global X, while CHPS.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. BITI.TO is actively managed, while CHPS.TO is passively managed. Over the past 5 years, BITI.TO returned 4.53%/yr vs 30.44%/yr for CHPS.TO. At a correlation of -0.38, they often move in opposite directions.
Performance
BITI.TO vs. CHPS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BITI.TO achieves a 38.73% return, which is significantly lower than CHPS.TO's 74.01% return.
BITI.TO
- 1D
- 2.65%
- 1M
- 26.68%
- YTD
- 38.73%
- 6M
- 40.03%
- 1Y
- 64.25%
- 3Y*
- 35.56%
- 5Y*
- 4.53%
- 10Y*
- —
CHPS.TO
- 1D
- 4.14%
- 1M
- 13.32%
- YTD
- 74.01%
- 6M
- 73.30%
- 1Y
- 120.10%
- 3Y*
- 51.80%
- 5Y*
- 30.44%
- 10Y*
- —
BITI.TO vs. CHPS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITI.TO BetaPro Inverse Bitcoin ETF | 38.73% | -8.52% | 178.75% | -67.62% | 80.23% | -44.25% |
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF | 74.01% | 45.93% | 20.38% | 68.20% | -37.86% | 23.13% |
Correlation
The correlation between BITI.TO and CHPS.TO is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2021 | -0.38 |
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Return for Risk
BITI.TO vs. CHPS.TO — Risk / Return Rank
BITI.TO
CHPS.TO
BITI.TO vs. CHPS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Inverse Bitcoin ETF (BITI.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO). 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.
| BITI.TO | CHPS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.51 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 9.21 | -6.73 |
| Martin ratioReturn relative to average drawdown | 5.94 | 26.33 | -20.40 |
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Drawdowns
BITI.TO vs. CHPS.TO - Drawdown Comparison
The maximum BITI.TO drawdown since its inception was -84.75%, which is greater than CHPS.TO's maximum drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for BITI.TO and CHPS.TO.
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Drawdown Indicators
| BITI.TO | CHPS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.75% | -48.16% | -36.59% |
Max Drawdown (1Y)Largest decline over 1 year | -26.02% | -13.35% | -12.67% |
Max Drawdown (3Y)Largest decline over 3 years | -69.26% | -37.49% | -31.77% |
Max Drawdown (5Y)Largest decline over 5 years | -84.75% | -48.16% | -36.59% |
Current DrawdownCurrent decline from peak | -9.87% | 0.00% | -9.87% |
Average DrawdownAverage peak-to-trough decline | -43.81% | -13.78% | -30.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | 4.63% | +6.23% |
Volatility
BITI.TO vs. CHPS.TO - Volatility Comparison
The current volatility for BetaPro Inverse Bitcoin ETF (BITI.TO) is 13.87%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS.TO) has a volatility of 18.23%. This indicates that BITI.TO experiences smaller price fluctuations and is considered to be less risky than CHPS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITI.TO | CHPS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 18.23% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 35.05% | 29.35% | +5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.26% | 35.87% | +9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 262.41% | 34.86% | +227.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 257.52% | 34.78% | +222.74% |
Dividends
BITI.TO vs. CHPS.TO - Dividend Comparison
BITI.TO has not paid dividends to shareholders, while CHPS.TO's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITI.TO BetaPro Inverse Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CHPS.TO Global X Artificial Intelligence Semiconductor Index ETF | 0.01% | 0.01% | 0.20% | 0.53% | 0.97% | 0.01% |
Frequently Asked Questions
BITI.TO and CHPS.TO have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI.TO is categorized as Leveraged Cryptocurrency, while CHPS.TO is Semiconductors.
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