CTEC vs. BITI
CTEC (Global X CleanTech ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - CTEC is a Alternative Energy Equities fund tracking the Indxx Global CleanTech Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, CTEC returned -8.89%/yr vs -31.77%/yr for BITI. Their -0.35 correlation means they have often moved in opposite directions in the past. CTEC charges 0.50%/yr vs 1.03%/yr for BITI.
Performance
CTEC vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CTEC achieves a 0.96% return, which is significantly lower than BITI's 27.11% return.
CTEC
- 1D
- -1.40%
- 1M
- -13.10%
- 6M
- -12.62%
- YTD
- 0.96%
- 1Y
- 36.60%
- 3Y*
- -8.89%
- 5Y*
- -10.58%
- 10Y*
- —
- ALL TIME*
- -5.85%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.10M | $26.49M | $38.71M | |
| $93.75K | $133.47K | $261.03K |
CTEC vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 0.96% | 57.85% | -36.35% | -25.60% | 7.31% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between CTEC and BITI is -0.47, 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. | -0.47 |
Correlation (3Y) Balances recent behavior with more history. | -0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.35 |
The correlation between CTEC and BITI shifts across timeframes, from -0.47 (1 year) to -0.33 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CTEC vs. BITI — Risk / Return Rank
CTEC
BITI
CTEC vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) 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.
| CTEC | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.53 | -1.54 |
| Martin ratioReturn relative to average drawdown | 3.11 | 6.17 | -3.06 |
Loading charts...
Drawdowns
CTEC vs. BITI - Drawdown Comparison
The maximum CTEC drawdown since its inception was -81.58%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for CTEC and BITI.
Loading charts...
Drawdown Indicators
| CTEC | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.58% | -92.16% | +10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -34.85% | -25.28% | -9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -61.21% | -84.63% | +23.42% |
Max Drawdown (5Y)Largest decline over 5 years | -76.46% | — | — |
Current DrawdownCurrent decline from peak | -61.70% | -86.12% | +24.42% |
Average DrawdownAverage peak-to-trough decline | -52.46% | -68.59% | +16.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.16% | 10.35% | +0.81% |
Volatility
CTEC vs. BITI - Volatility Comparison
Global X CleanTech ETF (CTEC) has a higher volatility of 13.36% compared to ProShares Short Bitcoin ETF (BITI) at 9.13%. This indicates that CTEC'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.
Loading charts...
Volatility by Period
| CTEC | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.36% | 9.13% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 29.64% | 33.31% | -3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.02% | 44.23% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.28% | 52.03% | -14.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.24% | 52.03% | -13.79% |
CTEC vs. BITI - Expense Ratio Comparison
CTEC has a 0.50% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
CTEC vs. BITI - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 0.66%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% |
CTEC Global X CleanTech ETF | 0.66% | 0.75% | 1.56% | 0.51% | 0.25% | 0.39% | 0.02% |
Frequently Asked Questions
CTEC and BITI have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTEC has higher volatility (13.36%) compared to BITI (9.13%). In terms of maximum drawdown, CTEC dropped -81.58% vs BITI's -92.16%.
On 3-year performance, CTEC leads with -8.89% vs -31.77% for BITI. On fees, CTEC is cheaper at 0.50% per year. On volatility, BITI has been the lower-risk option at 9.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CTEC has performed better with a -8.89% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CTEC is cheaper with a 0.50% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 0.66% for CTEC.
CTEC is categorized as Alternative Energy Equities, while BITI is Cryptocurrency. CTEC tracks Indxx Global CleanTech Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.50% for CTEC and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.45 vs 0.89), 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.
Find the right allocation for CTEC and BITI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer