BITI vs. AAPL
BITI (ProShares Short Bitcoin ETF) is Cryptocurrency fund tracking the Bloomberg Bitcoin Index, while AAPL (Apple Inc) is a stock. Over the past 3 years, BITI returned -32.46%/yr vs 19.90%/yr for AAPL. Their -0.21 correlation means they have often moved in opposite directions in the past.
Performance
BITI vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, BITI achieves a 24.60% return, which is significantly higher than AAPL's 14.01% return.
BITI
- 1D
- -0.50%
- 1M
- -4.51%
- 6M
- 10.22%
- YTD
- 24.60%
- 1Y
- 57.95%
- 3Y*
- -32.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.89%
AAPL
- 1D
- 1.96%
- 1M
- 0.24%
- 6M
- 15.02%
- YTD
- 14.01%
- 1Y
- 52.75%
- 3Y*
- 19.90%
- 5Y*
- 16.63%
- 10Y*
- 28.81%
- ALL TIME*
- 19.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AAPL Apple Inc | $20.42B | $17.79B | $17.47B |
| $22.17M | $25.84M | $38.74M |
BITI vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 24.60% | -1.76% | -62.60% | -66.17% | 3.39% |
AAPL Apple Inc | 14.01% | 9.05% | 30.71% | 49.01% | -0.94% |
Correlation
The correlation between BITI and AAPL is -0.17, 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. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.21 |
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Return for Risk
BITI vs. AAPL — Risk / Return Rank
BITI
AAPL
BITI vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Bitcoin ETF (BITI) and Apple Inc (AAPL). 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 | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.84 | -1.54 |
| Martin ratioReturn relative to average drawdown | 5.60 | 9.04 | -3.43 |
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Drawdowns
BITI vs. AAPL - Drawdown Comparison
The maximum BITI drawdown since its inception was -92.16%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for BITI and AAPL.
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Drawdown Indicators
| BITI | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.16% | -81.80% | -10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -25.28% | -13.80% | -11.48% |
Max Drawdown (3Y)Largest decline over 3 years | -84.63% | -33.36% | -51.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -86.40% | -9.03% | -77.37% |
Average DrawdownAverage peak-to-trough decline | -68.62% | -29.52% | -39.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.37% | 5.85% | +4.52% |
Volatility
BITI vs. AAPL - Volatility Comparison
The current volatility for ProShares Short Bitcoin ETF (BITI) is 8.18%, while Apple Inc (AAPL) has a volatility of 10.76%. This indicates that BITI experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITI | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 10.76% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 32.69% | 20.52% | +12.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.17% | 25.89% | +18.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.98% | 28.05% | +23.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.98% | 29.13% | +22.85% |
Dividends
BITI vs. AAPL - Dividend Comparison
BITI's dividend yield for the trailing twelve months is around 21.91%, more than AAPL's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.34% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
BITI ProShares Short Bitcoin ETF | 21.91% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITI and AAPL have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (10.76%) compared to BITI (8.18%). In terms of maximum drawdown, BITI dropped -92.16% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.05 vs 1.32), 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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