DEXC vs. BITI

Last updated Jul 14, 2026

DEXC (Dimensional Emerging Markets ex China Core Equity ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - DEXC is a Emerging Markets Diversified fund actively managed by Dimensional Fund Advisors, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. DEXC is actively managed, while BITI is passively managed. Over the past year, DEXC returned 43.48% vs 68.34% for BITI. At a correlation of -0.39, they often move in opposite directions. DEXC charges 0.43%/yr vs 1.03%/yr for BITI.

Performance

DEXC vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets ex China Core Equity ETF (DEXC) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DEXC having a 27.87% return and BITI slightly higher at 28.75%.

DEXC

• 1D: -3.71%
• 1M: -4.67%
• 6M: 22.70%
• YTD: 27.87%
• 1Y: 43.48%
• 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)

DEXC vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DEXC Dimensional Emerging Markets ex China Core Equity ETF	27.87%	27.13%	-1.63%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-5.04%

Correlation

The correlation between DEXC and BITI is -0.42, 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 (All Time) Calculated using the full available price history since Nov 14, 2024	-0.39

Return for Risk

DEXC vs. BITI — Risk / Return Rank

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

DEXC

DEXC Risk / Return Rank: 73
DEXC Sharpe Ratio Rank: 69
DEXC Sortino Ratio Rank: 62
DEXC Omega Ratio Rank: 73
DEXC Calmar Ratio Rank: 81
DEXC Martin Ratio Rank: 78

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.

DEXC vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets ex China Core Equity ETF (DEXC) 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.

	DEXC	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.56	+0.21
Sortino ratio: Return per unit of downside risk	2.30	2.13	+0.18
Omega ratio: Gain probability vs. loss probability	1.34	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	3.40	2.72	+0.68
Martin ratio: Return relative to average drawdown	11.70	6.78	+4.92

DEXC vs. BITI - Sharpe Ratio Comparison

The current DEXC Sharpe Ratio is 1.77, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of DEXC 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

DEXC vs. BITI - Drawdown Comparison

The maximum DEXC drawdown since its inception was -15.07%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for DEXC and BITI.

Drawdown Indicators

	DEXC	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-15.07%	-92.16%	+77.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-25.28%	+12.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-10.26%	-85.94%	+75.68%
Average Drawdown Average peak-to-trough decline	-2.58%	-68.34%	+65.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	10.11%	-6.38%

Volatility

DEXC vs. BITI - Volatility Comparison

Dimensional Emerging Markets ex China Core Equity ETF (DEXC) has a higher volatility of 12.51% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that DEXC'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

	DEXC	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.51%	11.38%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	23.20%	34.25%	-11.05%
Volatility (1Y) Calculated over the trailing 1-year period	24.72%	44.14%	-19.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.15%	52.28%	-30.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.15%	52.28%	-30.13%

DEXC vs. BITI - Expense Ratio Comparison

DEXC has a 0.43% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

DEXC vs. BITI - Dividend Comparison

DEXC's dividend yield for the trailing twelve months is around 1.60%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
DEXC Dimensional Emerging Markets ex China Core Equity ETF	1.60%	1.97%	0.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DEXC and BITI in my portfolio?

DEXC and BITI have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEXC or BITI?

DEXC has higher volatility (12.51%) compared to BITI (11.38%). In terms of maximum drawdown, DEXC dropped -15.07% vs BITI's -92.16%.

Which ETF is better, DEXC or BITI?

On 1-year performance, BITI leads with 68.34% vs 43.48% for DEXC. On fees, DEXC is cheaper at 0.43% per year. On volatility, BITI has been the lower-risk option at 11.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEXC or BITI?

Over the 1-year period, BITI has performed better with a 68.34% return vs 43.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEXC or BITI?

DEXC is cheaper with a 0.43% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 1.60% for DEXC.

What is the main difference between DEXC and BITI?

DEXC is categorized as Emerging Markets Diversified, while BITI is Cryptocurrency. They also come from different issuers: Dimensional Fund Advisors and ProShares. Their fees differ too: 0.43% for DEXC and 1.03% for BITI.

Which has better risk-adjusted returns?

DEXC currently has the higher Sharpe Ratio (1.77 vs 1.56), 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.