BITI vs. BLOX

Last updated Jun 4, 2026

BITI (ProShares Shrt Bitcoin ETF) and BLOX (Nicholas Crypto Income ETF) are both Cryptocurrency funds. BITI is passively managed, while BLOX is actively managed. At a correlation of -0.81, they often move in opposite directions. Both charge a 1.03% expense ratio.

Performance

BITI vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Shrt Bitcoin ETF (BITI) and Nicholas Crypto Income ETF (BLOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITI achieves a 24.06% return, which is significantly higher than BLOX's 16.52% return.

BITI

• 1D: 2.69%
• 1M: 22.00%
• YTD: 24.06%
• 6M: 31.50%
• 1Y: 45.79%
• 3Y*: -34.09%
• 5Y*: —
• 10Y*: —

BLOX

• 1D: -2.56%
• 1M: 10.59%
• YTD: 16.52%
• 6M: 5.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITI vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
BITI ProShares Shrt Bitcoin ETF	24.06%	16.05%
BLOX Nicholas Crypto Income ETF	16.52%	9.24%

Correlation

The correlation between BITI and BLOX is -0.81, 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 (All Time) Calculated using the full available price history since Jun 18, 2025	-0.81

BITI vs. BLOX - Sectors Allocation Comparison

Sectors	BITI	BLOX
Financial Services	28.5%	60.7%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	39.3%
Utilities	-	-

Return for Risk

BITI vs. BLOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITI

BITI Risk / Return Rank: 30
BITI Sharpe Ratio Rank: 29
BITI Sortino Ratio Rank: 30
BITI Omega Ratio Rank: 28
BITI Calmar Ratio Rank: 36
BITI Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITI vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) and Nicholas Crypto Income ETF (BLOX). 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.

	BITI	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	—	—
Sortino ratio: Return per unit of downside risk	1.62	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.82	—	—
Martin ratio: Return relative to average drawdown	3.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BITI	BLOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.72	0.54	-1.26

Drawdowns

BITI vs. BLOX - Drawdown Comparison

The maximum BITI drawdown since its inception was -92.16%, which is greater than BLOX's maximum drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for BITI and BLOX.

Drawdown Indicators

	BITI	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-92.16%	-47.09%	-45.07%
Max Drawdown (1Y) Largest decline over 1 year	-25.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-84.63%	—	—
Current Drawdown Current decline from peak	-86.46%	-19.45%	-67.01%
Average Drawdown Average peak-to-trough decline	-67.95%	-18.53%	-49.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.80%	—	—

Volatility

Volatility by Period

	BITI	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.52%	53.44%	-9.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.50%	53.44%	-0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.50%	53.44%	-0.94%

BITI vs. BLOX - Expense Ratio Comparison

Both BITI and BLOX have an expense ratio of 1.03%.

Dividends

BITI vs. BLOX - Dividend Comparison

BITI's dividend yield for the trailing twelve months is around 9.52%, less than BLOX's 36.81% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Shrt Bitcoin ETF	9.52%	1.60%	3.91%	3.33%	0.06%
BLOX Nicholas Crypto Income ETF	36.81%	22.69%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BITI and BLOX in my portfolio?

BITI and BLOX have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BITI or BLOX?

Both ETFs have the same 1.03% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BITI or BLOX?

BITI and BLOX have the same expense ratio: 1.03% per year.

Which ETF pays a higher dividend yield, BITI or BLOX?

BLOX has the higher dividend yield at 36.81%, compared with 9.52% for BITI.

What is the main difference between BITI and BLOX?

They also come from different issuers: ProShares and Nicholas.