BITI.TO vs. HXT.TO
BITI.TO (BetaPro Inverse Bitcoin ETF) and HXT.TO (Global X S&P/TSX 60 Index Corporate Class ETF) are both exchange-traded funds - BITI.TO is a Leveraged Cryptocurrency fund actively managed by Global X, while HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index (Total Return). BITI.TO is actively managed, while HXT.TO is passively managed. Over the past 5 years, BITI.TO returned 4.53%/yr vs 14.46%/yr for HXT.TO. At a correlation of -0.35, they often move in opposite directions.
Performance
BITI.TO vs. HXT.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 HXT.TO's 11.33% 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*
- —
HXT.TO
- 1D
- 0.09%
- 1M
- 1.87%
- YTD
- 11.33%
- 6M
- 10.82%
- 1Y
- 31.16%
- 3Y*
- 22.46%
- 5Y*
- 14.46%
- 10Y*
- 12.99%
BITI.TO vs. HXT.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% |
HXT.TO Global X S&P/TSX 60 Index Corporate Class ETF | 11.33% | 28.74% | 20.94% | 12.02% | -6.27% | 14.81% |
Correlation
The correlation between BITI.TO and HXT.TO is -0.37, 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 | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | -0.35 |
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Return for Risk
BITI.TO vs. HXT.TO — Risk / Return Rank
BITI.TO
HXT.TO
BITI.TO vs. HXT.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/TSX 60 Index Corporate Class ETF (HXT.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 | HXT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 4.06 | -1.58 |
| Martin ratioReturn relative to average drawdown | 5.94 | 18.62 | -12.68 |
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Drawdowns
BITI.TO vs. HXT.TO - Drawdown Comparison
The maximum BITI.TO drawdown since its inception was -84.75%, which is greater than HXT.TO's maximum drawdown of -52.13%. Use the drawdown chart below to compare losses from any high point for BITI.TO and HXT.TO.
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Drawdown Indicators
| BITI.TO | HXT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.75% | -52.13% | -32.62% |
Max Drawdown (1Y)Largest decline over 1 year | -26.02% | -7.71% | -18.31% |
Max Drawdown (3Y)Largest decline over 3 years | -69.26% | -12.36% | -56.90% |
Max Drawdown (5Y)Largest decline over 5 years | -84.75% | -16.33% | -68.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.48% | — |
Current DrawdownCurrent decline from peak | -9.87% | -0.91% | -8.96% |
Average DrawdownAverage peak-to-trough decline | -43.81% | -19.01% | -24.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | 1.68% | +9.18% |
Volatility
BITI.TO vs. HXT.TO - Volatility Comparison
BetaPro Inverse Bitcoin ETF (BITI.TO) has a higher volatility of 13.87% compared to Global X S&P/TSX 60 Index Corporate Class ETF (HXT.TO) at 3.46%. This indicates that BITI.TO's price experiences larger fluctuations and is considered to be riskier than HXT.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 | HXT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 3.46% | +10.41% |
Volatility (6M)Calculated over the trailing 6-month period | 35.05% | 9.55% | +25.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.26% | 11.98% | +33.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 262.41% | 12.81% | +249.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 257.52% | 15.14% | +242.38% |
Dividends
BITI.TO vs. HXT.TO - Dividend Comparison
Neither BITI.TO nor HXT.TO has paid dividends to shareholders.
Frequently Asked Questions
BITI.TO and HXT.TO have a correlation of -0.37, 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 HXT.TO is Canada Equities.
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