BITI vs. CETH

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Shrt Bitcoin ETF (BITI) and 21shares Core Ethereum ETF (CETH).

BITI and CETH 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. CETH is a passively managed fund by 21Shares that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Jul 22, 2024. Both BITI and CETH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BITI vs. CETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Shrt Bitcoin ETF (BITI) and 21shares Core Ethereum ETF (CETH). The values are adjusted to include any dividend payments, if applicable.

BITI vs. CETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BITI ProShares Shrt Bitcoin ETF	20.02%	-1.76%	-62.60%	-66.17%	-0.06%
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Returns By Period

BITI

• 1D: -0.46%
• 1M: 0.37%
• YTD: 20.02%
• 6M: 56.40%
• 1Y: 10.94%
• 3Y*: -34.13%
• 5Y*: —
• 10Y*: —

CETH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITI vs. CETH - Expense Ratio Comparison

BITI has a 1.03% expense ratio, which is higher than CETH's 0.21% expense ratio.

BITI

ProShares Shrt Bitcoin ETF

CETH

21shares Core Ethereum ETF

Return for Risk

BITI vs. CETH — Risk / Return Rank

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

BITI

BITI Risk / Return Rank: 18
BITI Sharpe Ratio Rank: 18
BITI Sortino Ratio Rank: 22
BITI Omega Ratio Rank: 20
BITI Calmar Ratio Rank: 15
BITI Martin Ratio Rank: 14

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. CETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) and 21shares Core Ethereum ETF (CETH). 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	CETH	Difference
Sharpe ratio Return per unit of total volatility	0.24	—	—
Sortino ratio Return per unit of downside risk	0.66	—	—
Omega ratio Gain probability vs. loss probability	1.08	—	—
Calmar ratio Return relative to maximum drawdown	0.19	—	—
Martin ratio Return relative to average drawdown	0.29	—	—
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	CETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	—	—

Dividends

BITI vs. CETH - Dividend Comparison

BITI's dividend yield for the trailing twelve months is around 8.23%, while CETH has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022
BITI ProShares Shrt Bitcoin ETF	8.23%	1.60%	3.91%	3.33%	0.06%
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Volatility

Volatility by Period

	BITI	CETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.20%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.18%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.18%	—	—