BUFC vs. BITI

Last updated Aug 2, 2026

BUFC (AB Conservative Buffer ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - BUFC is a Options Trading fund actively managed by AllianceBernstein, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. BUFC is actively managed, while BITI is passively managed. Over the past year, BUFC returned 7.71% vs 58.64% for BITI. Their -0.32 correlation means they have often moved in opposite directions in the past. BUFC charges 0.69%/yr vs 1.03%/yr for BITI.

Performance

BUFC vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Conservative Buffer ETF (BUFC) 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, BUFC achieves a 3.40% return, which is significantly lower than BITI's 27.11% return.

BUFC

• 1D: 0.26%
• 1M: 0.47%
• 6M: 2.74%
• YTD: 3.40%
• 1Y: 7.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.74%

BITI

• 1D: 3.01%
• 1M: -2.58%
• 6M: 22.77%
• YTD: 27.11%
• 1Y: 58.64%
• 3Y*: -31.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -35.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITI ProShares Short Bitcoin ETF	$24.10M	$26.49M	$38.71M
BUFC AB Conservative Buffer ETF	$1.47M	$1.25M	$1.78M

BUFC vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BUFC AB Conservative Buffer ETF	3.40%	5.50%	10.81%	0.65%
BITI ProShares Short Bitcoin ETF	27.11%	-1.76%	-62.60%	-1.43%

Correlation

The correlation between BUFC and BITI is -0.38, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.38
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	-0.32

Return for Risk

BUFC vs. BITI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BUFC

BUFC Risk / Return Rank: 68
BUFC Sharpe Ratio Rank: 71
BUFC Sortino Ratio Rank: 70
BUFC Omega Ratio Rank: 74
BUFC Calmar Ratio Rank: 56
BUFC Martin Ratio Rank: 69

BITI

BITI Risk / Return Rank: 61
BITI Sharpe Ratio Rank: 63
BITI Sortino Ratio Rank: 60
BITI Omega Ratio Rank: 55
BITI Calmar Ratio Rank: 73
BITI Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BUFC vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Conservative Buffer ETF (BUFC) 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.

	BUFC	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.45	+0.18
Sortino ratio: Return per unit of downside risk	2.28	2.02	+0.27
Omega ratio: Gain probability vs. loss probability	1.31	1.24	+0.07
Calmar ratio: Return relative to maximum drawdown	2.00	2.53	-0.54
Martin ratio: Return relative to average drawdown	8.37	6.17	+2.20

BUFC vs. BITI - Sharpe Ratio Comparison

The current BUFC Sharpe Ratio is 1.63, which is comparable to the BITI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of BUFC 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

BUFC vs. BITI - Drawdown Comparison

The maximum BUFC drawdown since its inception was -8.29%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for BUFC and BITI.

Drawdown Indicators

	BUFC	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-8.29%	-92.16%	+83.87%
Max Drawdown (1Y) Largest decline over 1 year	-3.62%	-25.28%	+21.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-0.13%	-86.12%	+85.99%
Average Drawdown Average peak-to-trough decline	-0.73%	-68.59%	+67.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	10.35%	-9.49%

Volatility

BUFC vs. BITI - Volatility Comparison

The current volatility for AB Conservative Buffer ETF (BUFC) is 1.15%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that BUFC 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

	BUFC	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	9.13%	-7.98%
Volatility (6M) Calculated over the trailing 6-month period	3.56%	33.31%	-29.75%
Volatility (1Y) Calculated over the trailing 1-year period	4.45%	44.23%	-39.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.58%	52.03%	-46.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.58%	52.03%	-46.45%

BUFC vs. BITI - Expense Ratio Comparison

BUFC has a 0.69% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

BUFC vs. BITI - Dividend Comparison

BUFC has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.30%.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.17%	1.60%	3.91%	3.33%	0.06%
BUFC AB Conservative Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BUFC and BITI in my portfolio?

BUFC and BITI have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFC or BITI?

BITI has higher volatility (9.13%) compared to BUFC (1.15%). In terms of maximum drawdown, BUFC dropped -8.29% vs BITI's -92.16%.

Which ETF is better, BUFC or BITI?

On 1-year performance, BITI leads with 58.64% vs 7.71% for BUFC. On fees, BUFC is cheaper at 0.69% per year. On volatility, BUFC has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFC or BITI?

Over the 1-year period, BITI has performed better with a 58.64% return vs 7.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFC or BITI?

BUFC is cheaper with a 0.69% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.17%, compared with 0.00% for BUFC.

What is the main difference between BUFC and BITI?

BUFC is categorized as Options Trading, while BITI is Cryptocurrency. They also come from different issuers: AllianceBernstein and ProShares. Their fees differ too: 0.69% for BUFC and 1.03% for BITI.

Which has better risk-adjusted returns?

BUFC currently has the higher Sharpe Ratio (1.63 vs 1.45), 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.