BLKC vs. BITI

Last updated Jun 5, 2026

BLKC (Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF) and BITI (ProShares Shrt Bitcoin ETF) are both Cryptocurrency funds - BLKC tracks the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index while BITI tracks the Bloomberg Bitcoin Index (-100%). Both are passively managed. At a correlation of -0.74, they often move in opposite directions. BLKC charges 0.60%/yr vs 1.03%/yr for BITI.

Performance

BLKC vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and ProShares Shrt Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BLKC

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

BITI

• 1D: 2.70%
• 1M: 27.75%
• YTD: 27.41%
• 6M: 34.37%
• 1Y: 47.79%
• 3Y*: -34.84%
• 5Y*: —
• 10Y*: —

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

BLKC vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF	-12.03%	13.79%	46.83%	128.84%	-25.19%
BITI ProShares Shrt Bitcoin ETF	27.41%	-1.76%	-62.60%	-66.17%	-0.06%

Correlation

The correlation between BLKC and BITI is -0.67, 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	-0.67
Correlation (3Y) Calculated over the trailing 3-year period	-0.72
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022	-0.74

The correlation between BLKC and BITI has been stable across timeframes, ranging from -0.74 to -0.67 - a consistent structural relationship.

BLKC vs. BITI - Sectors Allocation Comparison

Sectors	BLKC	BITI
Financial Services	36.7%	28.5%
Technology	29.5%	-
Consumer Cyclical	7.3%	-
Communication Services	4.5%	-
Consumer Defensive	2.6%	-
Industrials	2.2%	-
Energy	1.4%	-
Healthcare	1.0%	-
Basic Materials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BLKC vs. BITI — Risk / Return Rank

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

BITI

BITI Risk / Return Rank: 32
BITI Sharpe Ratio Rank: 31
BITI Sortino Ratio Rank: 32
BITI Omega Ratio Rank: 30
BITI Calmar Ratio Rank: 39
BITI Martin Ratio Rank: 29

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.

BLKC vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) and ProShares Shrt 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BLKC	BITI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.71	—

Drawdowns

Drawdown Indicators

	BLKC	BITI	Difference
Max Drawdown Largest peak-to-trough decline	—	-92.16%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-25.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	—	-86.09%	—
Average Drawdown Average peak-to-trough decline	—	-67.97%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.80%	—

Volatility

Volatility by Period

	BLKC	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	43.55%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	52.50%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	52.50%	—

BLKC vs. BITI - Expense Ratio Comparison

BLKC has a 0.60% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

BLKC vs. BITI - Dividend Comparison

BLKC's dividend yield for the trailing twelve months is around 4.39%, less than BITI's 9.27% yield.

Position	TTM	2025	2024	2023	2022	2021
BITI ProShares Shrt Bitcoin ETF	9.27%	1.60%	3.91%	3.33%	0.06%	0.00%
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF	4.39%	7.72%	19.66%	1.92%	5.40%	0.51%

Frequently Asked Questions

Can I hold both BLKC and BITI in my portfolio?

BLKC and BITI have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLKC or BITI?

On fees, BLKC is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLKC or BITI?

BLKC is cheaper with a 0.60% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 9.27%, compared with 4.39% for BLKC.

What is the main difference between BLKC and BITI?

BLKC tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while BITI tracks Bloomberg Bitcoin Index (-100%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.60% for BLKC and 1.03% for BITI.