BLSG vs. BITI
BLSG (Leverage Shares 2X Long BLSH Daily ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - BLSG is a Leveraged Equities fund actively managed by Leverage Shares, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. BLSG is actively managed, while BITI is passively managed. Their -0.63 correlation means they have often moved in opposite directions in the past. BLSG charges 0.75%/yr vs 1.03%/yr for BITI.
Performance
BLSG vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, BLSG achieves a -76.13% return, which is significantly lower than BITI's 25.22% return.
BLSG
- 1D
- 9.11%
- 1M
- -24.18%
- 6M
- -56.67%
- YTD
- -76.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BITI
- 1D
- -1.48%
- 1M
- -4.03%
- 6M
- 13.09%
- YTD
- 25.22%
- 1Y
- 56.28%
- 3Y*
- -32.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.18M | $25.87M | $38.72M | |
| $285.30K | $214.72K | $288.11K |
BLSG vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLSG Leverage Shares 2X Long BLSH Daily ETF | -76.13% | -58.81% |
BITI ProShares Short Bitcoin ETF | 25.22% | 23.07% |
Correlation
The correlation between BLSG and BITI is -0.63, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | -0.63 |
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Return for Risk
BLSG vs. BITI — Risk / Return Rank
BLSG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITI
BLSG vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BLSH Daily ETF (BLSG) 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.
| BLSG | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.24 | — |
| Martin ratioReturn relative to average drawdown | — | 5.45 | — |
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Drawdowns
BLSG vs. BITI - Drawdown Comparison
The maximum BLSG drawdown since its inception was -91.34%, roughly equal to the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for BLSG and BITI.
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Drawdown Indicators
| BLSG | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.34% | -92.16% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.63% | — |
Current DrawdownCurrent decline from peak | -90.45% | -86.33% | -4.12% |
Average DrawdownAverage peak-to-trough decline | -65.81% | -68.61% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.37% | — |
Volatility
BLSG vs. BITI - Volatility Comparison
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Volatility by Period
| BLSG | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 146.36% | 44.25% | +102.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.36% | 52.01% | +94.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.36% | 52.01% | +94.35% |
BLSG vs. BITI - Expense Ratio Comparison
BLSG has a 0.75% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
BLSG vs. BITI - Dividend Comparison
BLSG has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 21.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% |
BLSG Leverage Shares 2X Long BLSH Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BLSG and BITI have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BLSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BLSG is cheaper with a 0.75% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 21.80%, compared with 0.00% for BLSG.
BLSG is categorized as Leveraged Equities, while BITI is Cryptocurrency. They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for BLSG and 1.03% for BITI.
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