CHPS vs. BITI

Last updated Jul 17, 2026

CHPS (Xtrackers Semiconductor Select Equity ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - CHPS is a Semiconductors fund tracking the Solactive Semiconductor ESG Screened Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, CHPS returned 49.66%/yr vs -31.62%/yr for BITI. At a correlation of -0.31, they often move in opposite directions. CHPS charges 0.15%/yr vs 1.03%/yr for BITI.

Performance

CHPS vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Semiconductor Select Equity ETF (CHPS) 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, CHPS achieves a 78.69% return, which is significantly higher than BITI's 24.48% return.

CHPS

• 1D: -5.25%
• 1M: -12.71%
• 6M: 57.64%
• YTD: 78.69%
• 1Y: 137.41%
• 3Y*: 49.66%
• 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)

CHPS vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CHPS Xtrackers Semiconductor Select Equity ETF	78.69%	58.47%	7.75%	10.88%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-29.42%

Correlation

The correlation between CHPS 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	-0.31
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	-0.31

The correlation between CHPS and BITI shifts across timeframes, from -0.43 (1 year) to -0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CHPS vs. BITI — Risk / Return Rank

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

CHPS

CHPS Risk / Return Rank: 93
CHPS Sharpe Ratio Rank: 96
CHPS Sortino Ratio Rank: 89
CHPS Omega Ratio Rank: 89
CHPS Calmar Ratio Rank: 95
CHPS Martin Ratio Rank: 95

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.

CHPS vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Semiconductor Select Equity ETF (CHPS) 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.

	CHPS	BITI	Difference
Sharpe ratio: Return per unit of total volatility	3.20	1.47	+1.72
Sortino ratio: Return per unit of downside risk	3.33	2.04	+1.29
Omega ratio: Gain probability vs. loss probability	1.45	1.25	+0.21
Calmar ratio: Return relative to maximum drawdown	6.42	2.57	+3.85
Martin ratio: Return relative to average drawdown	23.71	6.38	+17.33

CHPS vs. BITI - Sharpe Ratio Comparison

The current CHPS Sharpe Ratio is 3.20, which is higher than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of CHPS 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

CHPS vs. BITI - Drawdown Comparison

The maximum CHPS drawdown since its inception was -39.44%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for CHPS and BITI.

Drawdown Indicators

	CHPS	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-39.44%	-92.16%	+52.72%
Max Drawdown (1Y) Largest decline over 1 year	-21.52%	-25.28%	+3.76%
Max Drawdown (3Y) Largest decline over 3 years	-39.44%	-84.63%	+45.19%
Current Drawdown Current decline from peak	-21.52%	-86.41%	+64.89%
Average Drawdown Average peak-to-trough decline	-9.15%	-68.40%	+59.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.82%	10.16%	-4.34%

Volatility

CHPS vs. BITI - Volatility Comparison

Xtrackers Semiconductor Select Equity ETF (CHPS) has a higher volatility of 21.77% compared to ProShares Short Bitcoin ETF (BITI) at 10.76%. This indicates that CHPS'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

	CHPS	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.77%	10.76%	+11.01%
Volatility (6M) Calculated over the trailing 6-month period	38.10%	34.28%	+3.82%
Volatility (1Y) Calculated over the trailing 1-year period	43.24%	44.15%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.55%	52.24%	-15.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.55%	52.24%	-15.69%

CHPS vs. BITI - Expense Ratio Comparison

CHPS has a 0.15% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

CHPS vs. BITI - Dividend Comparison

CHPS's dividend yield for the trailing twelve months is around 0.36%, 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%
CHPS Xtrackers Semiconductor Select Equity ETF	0.36%	0.68%	1.75%	0.36%	0.00%

Frequently Asked Questions

Can I hold both CHPS and BITI in my portfolio?

CHPS 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, CHPS or BITI?

CHPS has higher volatility (21.77%) compared to BITI (10.76%). In terms of maximum drawdown, CHPS dropped -39.44% vs BITI's -92.16%.

Which ETF is better, CHPS or BITI?

On 3-year performance, CHPS leads with 49.66% vs -31.62% for BITI. On fees, CHPS is cheaper at 0.15% 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, CHPS or BITI?

Over the 3-year period, CHPS has performed better with a 49.66% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHPS or BITI?

CHPS is cheaper with a 0.15% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 0.36% for CHPS.

What is the main difference between CHPS and BITI?

CHPS is categorized as Semiconductors, while BITI is Cryptocurrency. CHPS tracks Solactive Semiconductor ESG Screened Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Xtrackers and ProShares. Their fees differ too: 0.15% for CHPS and 1.03% for BITI.

Which has better risk-adjusted returns?

CHPS currently has the higher Sharpe Ratio (3.20 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.