CSB vs. BITI
CSB (VictoryShares US Small Cap High Dividend Volatility Wtd ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - CSB is a Small Cap Blend Equities fund tracking the Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, CSB returned 12.96%/yr vs -31.62%/yr for BITI. At a correlation of -0.29, they often move in opposite directions. CSB charges 0.35%/yr vs 1.03%/yr for BITI.
Performance
CSB vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, CSB achieves a 17.53% return, which is significantly lower than BITI's 24.48% return.
CSB
- 1D
- 2.06%
- 1M
- 5.76%
- 6M
- 11.97%
- YTD
- 17.53%
- 1Y
- 24.43%
- 3Y*
- 12.96%
- 5Y*
- 6.74%
- 10Y*
- 10.16%
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
CSB vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 17.53% | 2.26% | 9.64% | 12.60% | 3.48% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between CSB and BITI is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.29 |
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Return for Risk
CSB vs. BITI — Risk / Return Rank
CSB
BITI
CSB vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) 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.
| CSB | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.57 | +0.85 |
| Martin ratioReturn relative to average drawdown | 9.95 | 6.38 | +3.58 |
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Drawdowns
CSB vs. BITI - Drawdown Comparison
The maximum CSB drawdown since its inception was -42.07%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for CSB and BITI.
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Drawdown Indicators
| CSB | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.07% | -92.16% | +50.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -25.28% | +18.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.82% | -84.63% | +62.81% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.07% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -86.41% | +86.41% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -68.40% | +61.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 10.16% | -7.70% |
Volatility
CSB vs. BITI - Volatility Comparison
The current volatility for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) is 3.87%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that CSB 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.
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Volatility by Period
| CSB | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 10.76% | -6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 34.28% | -24.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 44.15% | -30.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 52.24% | -33.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.24% | 52.24% | -31.00% |
CSB vs. BITI - Expense Ratio Comparison
CSB has a 0.35% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
CSB vs. BITI - Dividend Comparison
CSB's dividend yield for the trailing twelve months is around 3.06%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.62% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF | 3.06% | 3.54% | 3.12% | 3.45% | 3.60% | 3.11% | 3.70% | 3.19% | 3.45% | 3.19% | 2.85% | 1.57% |
Frequently Asked Questions
CSB and BITI have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.76%) compared to CSB (3.87%). In terms of maximum drawdown, CSB dropped -42.07% vs BITI's -92.16%.
On 3-year performance, CSB leads with 12.96% vs -31.62% for BITI. On fees, CSB is cheaper at 0.35% per year. On volatility, CSB has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CSB has performed better with a 12.96% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSB is cheaper with a 0.35% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.62%, compared with 3.06% for CSB.
CSB is categorized as Small Cap Blend Equities, while BITI is Cryptocurrency. CSB tracks Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Crestview and ProShares. Their fees differ too: 0.35% for CSB and 1.03% for BITI.
CSB currently has the higher Sharpe Ratio (1.75 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.
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