BITI vs. BITX
Compare and contrast key facts about ProShares Shrt Bitcoin ETF (BITI) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
BITI and BITX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITI is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index (-100%). It was launched on Jun 21, 2022. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITI or BITX.
Correlation
The correlation between BITI and BITX is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BITI vs. BITX - Performance Comparison
Key characteristics
BITI:
-0.96
BITX:
0.70
BITI:
-1.41
BITX:
1.70
BITI:
0.84
BITX:
1.19
BITI:
-0.60
BITX:
1.29
BITI:
-1.45
BITX:
2.40
BITI:
37.44%
BITX:
33.04%
BITI:
56.91%
BITX:
113.56%
BITI:
-90.45%
BITX:
-61.28%
BITI:
-89.30%
BITX:
-28.68%
Returns By Period
In the year-to-date period, BITI achieves a -2.18% return, which is significantly higher than BITX's -2.77% return.
BITI
-2.18%
9.96%
-36.90%
-54.55%
N/A
N/A
BITX
-2.77%
-20.34%
73.89%
80.09%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BITI vs. BITX - Expense Ratio Comparison
BITI has a 1.03% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
BITI vs. BITX — Risk-Adjusted Performance Rank
BITI
BITX
BITI vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
Dividends
BITI vs. BITX - Dividend Comparison
BITI's dividend yield for the trailing twelve months is around 2.82%, less than BITX's 11.21% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
BITI ProShares Shrt Bitcoin ETF | 2.82% | 3.03% | 2.63% | 0.01% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 11.21% | 10.71% | 0.00% | 0.00% |
Drawdowns
BITI vs. BITX - Drawdown Comparison
The maximum BITI drawdown since its inception was -90.45%, which is greater than BITX's maximum drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for BITI and BITX. For additional features, visit the drawdowns tool.
Volatility
BITI vs. BITX - Volatility Comparison
The current volatility for ProShares Shrt Bitcoin ETF (BITI) is 9.94%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 20.20%. This indicates that BITI experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.