BITI vs. BTC-USD

In the year-to-date period, BITI achieves a -8.26% return, which is significantly lower than BTC-USD's 3.28% return.

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This table presents a comparison of risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) and Bitcoin (BTC-USD). 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.

The current BITI Sharpe Ratio is -0.89, which is lower than the BTC-USD Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of BITI and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum BITI drawdown since its inception was -90.29%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BITI and BTC-USD. For additional features, visit the drawdowns tool.

ProShares Shrt Bitcoin ETF (BITI) and Bitcoin (BTC-USD) have volatilities of 15.80% and 15.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.