DDTS vs. BITI

Last updated Jul 14, 2026

DDTS (Innovator Equity Dual Directional 10 Buffer ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - DDTS is a Defined Outcome fund actively managed by Innovator, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. DDTS is actively managed, while BITI is passively managed. At a correlation of -0.51, they often move in opposite directions. DDTS charges 0.79%/yr vs 1.03%/yr for BITI.

Performance

DDTS vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 10 Buffer ETF (DDTS) 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, DDTS achieves a 6.05% return, which is significantly lower than BITI's 28.75% return.

DDTS

• 1D: -0.11%
• 1M: 1.07%
• 6M: 5.16%
• YTD: 6.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: 2.65%
• 1M: 1.46%
• 6M: 34.68%
• YTD: 28.75%
• 1Y: 68.34%
• 3Y*: -30.65%
• 5Y*: —
• 10Y*: —

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

DDTS vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
DDTS Innovator Equity Dual Directional 10 Buffer ETF	6.05%	4.57%
BITI ProShares Short Bitcoin ETF	28.75%	19.93%

Correlation

The correlation between DDTS and BITI is -0.51, 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 (All Time) Calculated using the full available price history since Sep 2, 2025	-0.51

Return for Risk

DDTS vs. BITI — Risk / Return Rank

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

DDTS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BITI

BITI Risk / Return Rank: 57
BITI Sharpe Ratio Rank: 58
BITI Sortino Ratio Rank: 55
BITI Omega Ratio Rank: 50
BITI Calmar Ratio Rank: 68
BITI Martin Ratio Rank: 51

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.

DDTS vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 10 Buffer ETF (DDTS) 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.

	DDTS	BITI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.13	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.72	—
Martin ratio: Return relative to average drawdown	—	6.78	—

Drawdowns

DDTS vs. BITI - Drawdown Comparison

The maximum DDTS drawdown since its inception was -4.28%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for DDTS and BITI.

Drawdown Indicators

	DDTS	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-4.28%	-92.16%	+87.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-0.11%	-85.94%	+85.83%
Average Drawdown Average peak-to-trough decline	-0.50%	-68.34%	+67.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.11%	—

Volatility

Volatility by Period

	DDTS	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.46%	44.14%	-37.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.46%	52.28%	-45.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.46%	52.28%	-45.82%

DDTS vs. BITI - Expense Ratio Comparison

DDTS has a 0.79% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

DDTS vs. BITI - Dividend Comparison

DDTS has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.10%.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
DDTS Innovator Equity Dual Directional 10 Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DDTS and BITI in my portfolio?

DDTS and BITI have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDTS or BITI?

On fees, DDTS is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTS or BITI?

DDTS is cheaper with a 0.79% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 0.00% for DDTS.

What is the main difference between DDTS and BITI?

DDTS is categorized as Defined Outcome, while BITI is Cryptocurrency. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for DDTS and 1.03% for BITI.