BULD vs. BITI

Last updated Jul 17, 2026

BULD (Pacer BlueStar Engineering the Future ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - BULD is a Technology Equities fund tracking the BlueStar Robotics & 3D Printing Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, BULD returned 16.27%/yr vs -31.62%/yr for BITI. At a correlation of -0.35, they often move in opposite directions. BULD charges 0.60%/yr vs 1.03%/yr for BITI.

Performance

BULD vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer BlueStar Engineering the Future ETF (BULD) 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, BULD achieves a 33.10% return, which is significantly higher than BITI's 24.48% return.

BULD

• 1D: -1.61%
• 1M: -2.11%
• 6M: 16.77%
• YTD: 33.10%
• 1Y: 51.11%
• 3Y*: 16.27%
• 5Y*: —
• 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)

BULD vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BULD Pacer BlueStar Engineering the Future ETF	33.10%	23.20%	-3.93%	28.27%	1.78%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between BULD and BITI is -0.41, 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	-0.41
Correlation (3Y) Calculated over the trailing 3-year period	-0.32
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.35

Return for Risk

BULD vs. BITI — Risk / Return Rank

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

BULD

BULD Risk / Return Rank: 66
BULD Sharpe Ratio Rank: 63
BULD Sortino Ratio Rank: 61
BULD Omega Ratio Rank: 55
BULD Calmar Ratio Rank: 80
BULD Martin Ratio Rank: 69

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.

BULD vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Engineering the Future ETF (BULD) 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.

	BULD	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.47	+0.18
Sortino ratio: Return per unit of downside risk	2.31	2.04	+0.27
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	3.32	2.57	+0.75
Martin ratio: Return relative to average drawdown	9.81	6.38	+3.43

BULD vs. BITI - Sharpe Ratio Comparison

The current BULD Sharpe Ratio is 1.66, which is comparable to the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of BULD 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

BULD vs. BITI - Drawdown Comparison

The maximum BULD drawdown since its inception was -27.64%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for BULD and BITI.

Drawdown Indicators

	BULD	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-27.64%	-92.16%	+64.52%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	-25.28%	+9.80%
Max Drawdown (3Y) Largest decline over 3 years	-27.64%	-84.63%	+56.99%
Current Drawdown Current decline from peak	-9.78%	-86.41%	+76.63%
Average Drawdown Average peak-to-trough decline	-8.18%	-68.40%	+60.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	10.16%	-4.94%

Volatility

BULD vs. BITI - Volatility Comparison

Pacer BlueStar Engineering the Future ETF (BULD) has a higher volatility of 12.08% compared to ProShares Short Bitcoin ETF (BITI) at 10.76%. This indicates that BULD's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BULD	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.08%	10.76%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	24.95%	34.28%	-9.33%
Volatility (1Y) Calculated over the trailing 1-year period	31.02%	44.15%	-13.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.29%	52.24%	-23.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.29%	52.24%	-23.95%

BULD vs. BITI - Expense Ratio Comparison

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

Dividends

BULD vs. BITI - Dividend Comparison

BULD's dividend yield for the trailing twelve months is around 0.86%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%
BULD Pacer BlueStar Engineering the Future ETF	0.86%	1.24%	0.18%	0.21%	0.08%

Frequently Asked Questions

Can I hold both BULD and BITI in my portfolio?

BULD and BITI have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BULD or BITI?

BULD has higher volatility (12.08%) compared to BITI (10.76%). In terms of maximum drawdown, BULD dropped -27.64% vs BITI's -92.16%.

Which ETF is better, BULD or BITI?

On 3-year performance, BULD leads with 16.27% vs -31.62% for BITI. On fees, BULD is cheaper at 0.60% per year. On volatility, BITI has been the lower-risk option at 10.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BULD or BITI?

Over the 3-year period, BULD has performed better with a 16.27% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BULD or BITI?

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

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

BITI has the higher dividend yield at 15.62%, compared with 0.86% for BULD.

What is the main difference between BULD and BITI?

BULD is categorized as Technology Equities, while BITI is Cryptocurrency. BULD tracks BlueStar Robotics & 3D Printing Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Pacer and ProShares. Their fees differ too: 0.60% for BULD and 1.03% for BITI.

Which has better risk-adjusted returns?

BULD currently has the higher Sharpe Ratio (1.66 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.