BITI vs. BTCI
Compare and contrast key facts about ProShares Shrt Bitcoin ETF (BITI) and NEOS Bitcoin High Income ETF (BTCI).
BITI and BTCI 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. BTCI is an actively managed fund by Neos. It was launched on Oct 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITI or BTCI.
Correlation
The correlation between BITI and BTCI is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BITI vs. BTCI - Performance Comparison
Key characteristics
BITI:
54.55%
BTCI:
43.96%
BITI:
-90.30%
BTCI:
-24.36%
BITI:
-89.81%
BTCI:
-6.35%
Returns By Period
In the year-to-date period, BITI achieves a -8.26% return, which is significantly lower than BTCI's 5.28% return.
BITI
-8.26%
-16.57%
-34.73%
-45.74%
N/A
N/A
BTCI
5.28%
16.30%
33.08%
N/A
N/A
N/A
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BITI vs. BTCI - Expense Ratio Comparison
BITI has a 1.03% expense ratio, which is higher than BTCI's 0.98% expense ratio.
Risk-Adjusted Performance
BITI vs. BTCI — Risk-Adjusted Performance Rank
BITI
BTCI
BITI vs. BTCI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) and NEOS Bitcoin High Income ETF (BTCI). 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.
Not enough dataDividends
BITI vs. BTCI - Dividend Comparison
BITI's dividend yield for the trailing twelve months is around 3.23%, less than BTCI's 17.01% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
BITI ProShares Shrt Bitcoin ETF | 3.23% | 3.91% | 3.33% | 0.06% |
BTCI NEOS Bitcoin High Income ETF | 17.01% | 6.76% | 0.00% | 0.00% |
Drawdowns
BITI vs. BTCI - Drawdown Comparison
The maximum BITI drawdown since its inception was -90.30%, which is greater than BTCI's maximum drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for BITI and BTCI. For additional features, visit the drawdowns tool.
Volatility
BITI vs. BTCI - Volatility Comparison
ProShares Shrt Bitcoin ETF (BITI) has a higher volatility of 15.85% compared to NEOS Bitcoin High Income ETF (BTCI) at 12.74%. This indicates that BITI's price experiences larger fluctuations and is considered to be riskier than BTCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.