BKSE vs. BITI

Last updated Jul 17, 2026

BKSE (BNY Mellon US Small Cap Core Equity ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - BKSE is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, BKSE returned 16.52%/yr vs -31.62%/yr for BITI. At a correlation of -0.40, they often move in opposite directions. BKSE charges 0.04%/yr vs 1.03%/yr for BITI.

Performance

BKSE vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon US Small Cap Core Equity ETF (BKSE) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKSE achieves a 19.37% return, which is significantly lower than BITI's 24.48% return.

BKSE

• 1D: 0.22%
• 1M: 3.06%
• 6M: 11.48%
• YTD: 19.37%
• 1Y: 33.15%
• 3Y*: 16.52%
• 5Y*: 9.34%
• 10Y*: —

BITI

• 1D: 1.13%
• 1M: 1.49%
• 6M: 35.86%
• YTD: 24.48%
• 1Y: 64.61%
• 3Y*: -31.62%
• 5Y*: —
• 10Y*: —

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

BKSE vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKSE BNY Mellon US Small Cap Core Equity ETF	19.37%	13.09%	9.56%	22.37%	6.61%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between BKSE and BITI is -0.43, 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 (1Y) Calculated over the trailing 1-year period	-0.43
Correlation (3Y) Calculated over the trailing 3-year period	-0.38
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.40

Return for Risk

BKSE vs. BITI — Risk / Return Rank

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

BKSE

BKSE Risk / Return Rank: 77
BKSE Sharpe Ratio Rank: 75
BKSE Sortino Ratio Rank: 78
BKSE Omega Ratio Rank: 69
BKSE Calmar Ratio Rank: 83
BKSE Martin Ratio Rank: 81

BITI

BITI Risk / Return Rank: 52
BITI Sharpe Ratio Rank: 53
BITI Sortino Ratio Rank: 50
BITI Omega Ratio Rank: 46
BITI Calmar Ratio Rank: 64
BITI Martin Ratio Rank: 48

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.

BKSE vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Small Cap Core Equity ETF (BKSE) and ProShares Short Bitcoin ETF (BITI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BKSE	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.47	+0.43
Sortino ratio: Return per unit of downside risk	2.79	2.04	+0.75
Omega ratio: Gain probability vs. loss probability	1.33	1.25	+0.08
Calmar ratio: Return relative to maximum drawdown	3.54	2.57	+0.97
Martin ratio: Return relative to average drawdown	12.42	6.38	+6.05

BKSE vs. BITI - Sharpe Ratio Comparison

The current BKSE Sharpe Ratio is 1.91, which is comparable to the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of BKSE and BITI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKSE vs. BITI - Drawdown Comparison

The maximum BKSE drawdown since its inception was -29.08%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for BKSE and BITI.

Drawdown Indicators

	BKSE	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-29.08%	-92.16%	+63.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	-25.28%	+15.88%
Max Drawdown (3Y) Largest decline over 3 years	-26.76%	-84.63%	+57.87%
Max Drawdown (5Y) Largest decline over 5 years	-29.08%	—	—
Current Drawdown Current decline from peak	-0.41%	-86.41%	+86.00%
Average Drawdown Average peak-to-trough decline	-8.91%	-68.40%	+59.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	10.16%	-7.49%

Volatility

BKSE vs. BITI - Volatility Comparison

The current volatility for BNY Mellon US Small Cap Core Equity ETF (BKSE) is 3.53%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that BKSE experiences smaller price fluctuations and is considered to be less risky than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKSE	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	10.76%	-7.23%
Volatility (6M) Calculated over the trailing 6-month period	12.14%	34.28%	-22.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.47%	44.15%	-26.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.41%	52.24%	-30.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.18%	52.24%	-30.06%

BKSE vs. BITI - Expense Ratio Comparison

BKSE has a 0.04% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

BKSE vs. BITI - Dividend Comparison

BKSE's dividend yield for the trailing twelve months is around 1.20%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%
BKSE BNY Mellon US Small Cap Core Equity ETF	1.20%	1.26%	1.55%	1.38%	1.50%	1.17%	0.82%

Frequently Asked Questions

Can I hold both BKSE and BITI in my portfolio?

BKSE and BITI have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKSE or BITI?

BITI has higher volatility (10.76%) compared to BKSE (3.53%). In terms of maximum drawdown, BKSE dropped -29.08% vs BITI's -92.16%.

Which ETF is better, BKSE or BITI?

On 3-year performance, BKSE leads with 16.52% vs -31.62% for BITI. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKSE has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKSE or BITI?

Over the 3-year period, BKSE has performed better with a 16.52% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKSE or BITI?

BKSE is cheaper with a 0.04% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 1.20% for BKSE.

What is the main difference between BKSE and BITI?

BKSE is categorized as Small Cap Growth Equities, while BITI is Cryptocurrency. BKSE tracks Morningstar US Small Cap Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: BNY Mellon and ProShares. Their fees differ too: 0.04% for BKSE and 1.03% for BITI.

Which has better risk-adjusted returns?

BKSE currently has the higher Sharpe Ratio (1.91 vs 1.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.