DES vs. BITI
DES (WisdomTree U.S. SmallCap Dividend Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - DES is a Small Cap Blend Equities fund tracking the WisdomTree SmallCap Dividend (TR), while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, DES returned 13.85%/yr vs -32.35%/yr for BITI. Their -0.31 correlation means they have often moved in opposite directions in the past. DES charges 0.38%/yr vs 1.03%/yr for BITI.
Performance
DES vs. BITI - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DES having a 24.40% return and BITI slightly higher at 25.22%.
DES
- 1D
- 1.38%
- 1M
- 2.25%
- 6M
- 14.77%
- YTD
- 24.40%
- 1Y
- 34.94%
- 3Y*
- 13.85%
- 5Y*
- 8.92%
- 10Y*
- 8.19%
- ALL TIME*
- 7.95%
BITI
- 1D
- -1.48%
- 1M
- -4.03%
- 6M
- 13.09%
- YTD
- 25.22%
- 1Y
- 56.28%
- 3Y*
- -32.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.18M | $25.87M | $38.72M | |
| $3.72M | $4.44M | $5.66M |
DES vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DES WisdomTree U.S. SmallCap Dividend Fund | 24.40% | 0.25% | 9.93% | 16.50% | 5.08% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between DES and BITI is -0.26, 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. | -0.26 |
Correlation (3Y) Balances recent behavior with more history. | -0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.31 |
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Return for Risk
DES vs. BITI — Risk / Return Rank
DES
BITI
DES vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) 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.
| DES | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 2.24 | +2.36 |
| Martin ratioReturn relative to average drawdown | 13.84 | 5.45 | +8.39 |
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Drawdowns
DES vs. BITI - Drawdown Comparison
The maximum DES drawdown since its inception was -65.48%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for DES and BITI.
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Drawdown Indicators
| DES | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.48% | -92.16% | +26.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -25.28% | +17.64% |
Max Drawdown (3Y)Largest decline over 3 years | -25.16% | -84.63% | +59.47% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.65% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -86.33% | +86.15% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -68.61% | +59.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 10.37% | -7.84% |
Volatility
DES vs. BITI - Volatility Comparison
The current volatility for WisdomTree U.S. SmallCap Dividend Fund (DES) is 3.55%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 8.93%. This indicates that DES 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
| DES | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 8.93% | -5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 33.35% | -23.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 44.25% | -28.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.39% | 52.01% | -32.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 52.01% | -30.08% |
DES vs. BITI - Expense Ratio Comparison
DES has a 0.38% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
DES vs. BITI - Dividend Comparison
DES's dividend yield for the trailing twelve months is around 2.23%, less than BITI's 21.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DES WisdomTree U.S. SmallCap Dividend Fund | 2.23% | 2.85% | 2.81% | 2.65% | 2.89% | 2.31% | 2.75% | 2.68% | 3.65% | 2.89% | 2.70% | 3.09% |
Frequently Asked Questions
DES and BITI have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (8.93%) compared to DES (3.55%). In terms of maximum drawdown, DES dropped -65.48% vs BITI's -92.16%.
On 3-year performance, DES leads with 13.85% vs -32.35% for BITI. On fees, DES is cheaper at 0.38% per year. On volatility, DES has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DES has performed better with a 13.85% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DES is cheaper with a 0.38% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 21.80%, compared with 2.23% for DES.
DES is categorized as Small Cap Blend Equities, while BITI is Cryptocurrency. DES tracks WisdomTree SmallCap Dividend (TR), while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.38% for DES and 1.03% for BITI.
DES currently has the higher Sharpe Ratio (2.23 vs 1.28), 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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