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BITI vs. MSTY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BITI and MSTY is -0.36. 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.

BITI vs. MSTY

Last updated May 28, 2025

Compare and contrast key facts about ProShares Shrt Bitcoin ETF (BITI) and YieldMax™ MSTR Option Income Strategy ETF (MSTY).

BITI and MSTY 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. MSTY is an actively managed fund by YieldMax. It was launched on Feb 21, 2024.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITI or MSTY.

Performance

BITI vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Shrt Bitcoin ETF (BITI) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BITI:

-0.87

MSTY:

1.15

Sortino Ratio

BITI:

-1.18

MSTY:

1.86

Omega Ratio

BITI:

0.86

MSTY:

1.24

Calmar Ratio

BITI:

-0.51

MSTY:

2.14

Martin Ratio

BITI:

-1.26

MSTY:

5.23

Ulcer Index

BITI:

36.49%

MSTY:

16.69%

Daily Std Dev

BITI:

53.53%

MSTY:

74.72%

Max Drawdown

BITI:

-91.14%

MSTY:

-40.83%

Current Drawdown

BITI:

-91.03%

MSTY:

-11.63%

Returns By Period

In the year-to-date period, BITI achieves a -19.32% return, which is significantly lower than MSTY's 21.93% return.

BITI

YTD

-19.32%

1M

-13.19%

6M

-22.07%

1Y

-46.37%

3Y*

N/A

5Y*

N/A

10Y*

N/A

MSTY

YTD

21.93%

1M

1.59%

6M

12.22%

1Y

85.32%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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ProShares Shrt Bitcoin ETF

YieldMax™ MSTR Option Income Strategy ETF

BITI vs. MSTY - Expense Ratio Comparison

BITI has a 1.03% expense ratio, which is higher than MSTY's 0.99% expense ratio.

BITI
ProShares Shrt Bitcoin ETF
MSTY
YieldMax™ MSTR Option Income Strategy ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BITI vs. MSTY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BITI
The Risk-Adjusted Performance Rank of BITI is 22
Overall Rank
The Sharpe Ratio Rank of BITI is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of BITI is 11
Sortino Ratio Rank
The Omega Ratio Rank of BITI is 11
Omega Ratio Rank
The Calmar Ratio Rank of BITI is 22
Calmar Ratio Rank
The Martin Ratio Rank of BITI is 33
Martin Ratio Rank
MSTY
The Risk-Adjusted Performance Rank of MSTY is 8888
Overall Rank
The Sharpe Ratio Rank of MSTY is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of MSTY is 8888
Sortino Ratio Rank
The Omega Ratio Rank of MSTY is 8686
Omega Ratio Rank
The Calmar Ratio Rank of MSTY is 9494
Calmar Ratio Rank
The Martin Ratio Rank of MSTY is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BITI vs. MSTY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Shrt Bitcoin ETF (BITI) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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 -0.87, which is lower than the MSTY Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of BITI and MSTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

BITI vs. MSTY - Dividend Comparison

BITI's dividend yield for the trailing twelve months is around 3.67%, less than MSTY's 139.38% yield.

TTM202420232022
BITI
ProShares Shrt Bitcoin ETF		3.67%3.91%3.33%0.06%
MSTY
YieldMax™ MSTR Option Income Strategy ETF		139.38%104.56%0.00%0.00%

Drawdowns

BITI vs. MSTY - Drawdown Comparison

The maximum BITI drawdown since its inception was -91.14%, which is greater than MSTY's maximum drawdown of -40.83%. Use the drawdown chart below to compare losses from any high point for BITI and MSTY.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BITI vs. MSTY - Volatility Comparison

The current volatility for ProShares Shrt Bitcoin ETF (BITI) is 8.86%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 11.84%. This indicates that BITI experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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