BITI.TO vs. HXS.TO
BITI.TO (BetaPro Inverse Bitcoin ETF) and HXS.TO (Global X S&P 500 Index Corporate Class ETF) are both exchange-traded funds - BITI.TO is a Leveraged Cryptocurrency fund actively managed by Global X, while HXS.TO is a S&P 500 fund tracking the S&P 500 Index. BITI.TO is actively managed, while HXS.TO is passively managed. Over the past 5 years, BITI.TO returned 4.53%/yr vs 15.94%/yr for HXS.TO. At a correlation of -0.33, they often move in opposite directions.
Performance
BITI.TO vs. HXS.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 higher than HXS.TO's 13.44% 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*
- —
HXS.TO
- 1D
- 0.63%
- 1M
- 1.77%
- YTD
- 13.44%
- 6M
- 12.73%
- 1Y
- 26.56%
- 3Y*
- 22.71%
- 5Y*
- 15.94%
- 10Y*
- —
BITI.TO vs. HXS.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% | -8.96% |
HXS.TO Global X S&P 500 Index Corporate Class ETF | 13.44% | 11.93% | 34.98% | 23.22% | -12.72% | 17.50% |
Correlation
The correlation between BITI.TO and HXS.TO is -0.39, 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 | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | -0.33 |
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Return for Risk
BITI.TO vs. HXS.TO — Risk / Return Rank
BITI.TO
HXS.TO
BITI.TO vs. HXS.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 S&P 500 Index Corporate Class ETF (HXS.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 | HXS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.05 | -0.57 |
| Martin ratioReturn relative to average drawdown | 5.94 | 11.35 | -5.41 |
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Drawdowns
BITI.TO vs. HXS.TO - Drawdown Comparison
The maximum BITI.TO drawdown since its inception was -84.75%, which is greater than HXS.TO's maximum drawdown of -27.41%. Use the drawdown chart below to compare losses from any high point for BITI.TO and HXS.TO.
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Drawdown Indicators
| BITI.TO | HXS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.75% | -27.41% | -57.34% |
Max Drawdown (1Y)Largest decline over 1 year | -26.02% | -8.74% | -17.28% |
Max Drawdown (3Y)Largest decline over 3 years | -69.26% | -18.98% | -50.28% |
Max Drawdown (5Y)Largest decline over 5 years | -84.75% | -22.63% | -62.12% |
Current DrawdownCurrent decline from peak | -9.87% | -0.42% | -9.45% |
Average DrawdownAverage peak-to-trough decline | -43.81% | -4.25% | -39.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | 2.35% | +8.51% |
Volatility
BITI.TO vs. HXS.TO - Volatility Comparison
BetaPro Inverse Bitcoin ETF (BITI.TO) has a higher volatility of 13.87% compared to Global X S&P 500 Index Corporate Class ETF (HXS.TO) at 4.85%. This indicates that BITI.TO's price experiences larger fluctuations and is considered to be riskier than HXS.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 | HXS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 4.85% | +9.02% |
Volatility (6M)Calculated over the trailing 6-month period | 35.05% | 9.75% | +25.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.26% | 12.39% | +32.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 262.41% | 15.27% | +247.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 257.52% | 17.73% | +239.79% |
Dividends
BITI.TO vs. HXS.TO - Dividend Comparison
Neither BITI.TO nor HXS.TO has paid dividends to shareholders.
Frequently Asked Questions
BITI.TO and HXS.TO have a correlation of -0.39, 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 HXS.TO is S&P 500.
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