DIVG vs. BITI

Last updated Jul 17, 2026

DIVG (Invesco S&P 500 High Dividend Growers ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - DIVG is a S&P 500 fund tracking the S&P 500 High Dividend Growth Index - Benchmark TR Gross, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past year, DIVG returned 24.06% vs 64.61% for BITI. At a correlation of -0.25, they often move in opposite directions. DIVG charges 0.39%/yr vs 1.03%/yr for BITI.

Performance

DIVG vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 High Dividend Growers ETF (DIVG) 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, DIVG achieves a 17.65% return, which is significantly lower than BITI's 24.48% return.

DIVG

• 1D: 1.76%
• 1M: 3.32%
• 6M: 13.58%
• YTD: 17.65%
• 1Y: 24.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: 1.13%
• 1M: 1.49%
• 6M: 35.86%
• YTD: 24.48%
• 1Y: 64.61%
• 3Y*: -31.62%
• 5Y*: —
• 10Y*: —

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

DIVG vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DIVG Invesco S&P 500 High Dividend Growers ETF	17.65%	11.31%	16.60%	5.71%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	4.42%

Correlation

The correlation between DIVG and BITI is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	-0.25

Return for Risk

DIVG vs. BITI — Risk / Return Rank

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

DIVG

DIVG Risk / Return Rank: 87
DIVG Sharpe Ratio Rank: 86
DIVG Sortino Ratio Rank: 88
DIVG Omega Ratio Rank: 82
DIVG Calmar Ratio Rank: 92
DIVG Martin Ratio Rank: 88

BITI

BITI Risk / Return Rank: 52
BITI Sharpe Ratio Rank: 53
BITI Sortino Ratio Rank: 50
BITI Omega Ratio Rank: 46
BITI Calmar Ratio Rank: 64
BITI Martin Ratio Rank: 48

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.

DIVG vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Growers ETF (DIVG) 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.

	DIVG	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.47	+0.74
Sortino ratio: Return per unit of downside risk	3.28	2.04	+1.24
Omega ratio: Gain probability vs. loss probability	1.38	1.25	+0.14
Calmar ratio: Return relative to maximum drawdown	4.71	2.57	+2.15
Martin ratio: Return relative to average drawdown	15.01	6.38	+8.64

DIVG vs. BITI - Sharpe Ratio Comparison

The current DIVG Sharpe Ratio is 2.21, which is higher than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of DIVG 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

DIVG vs. BITI - Drawdown Comparison

The maximum DIVG drawdown since its inception was -14.95%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for DIVG and BITI.

Drawdown Indicators

	DIVG	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-92.16%	+77.21%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	-25.28%	+20.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	0.00%	-86.41%	+86.41%
Average Drawdown Average peak-to-trough decline	-2.21%	-68.40%	+66.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	10.16%	-8.55%

Volatility

DIVG vs. BITI - Volatility Comparison

The current volatility for Invesco S&P 500 High Dividend Growers ETF (DIVG) is 3.74%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that DIVG 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.

Volatility by Period

	DIVG	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	10.76%	-7.02%
Volatility (6M) Calculated over the trailing 6-month period	7.76%	34.28%	-26.52%
Volatility (1Y) Calculated over the trailing 1-year period	10.92%	44.15%	-33.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	52.24%	-39.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.15%	52.24%	-39.09%

DIVG vs. BITI - Expense Ratio Comparison

DIVG has a 0.39% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

DIVG vs. BITI - Dividend Comparison

DIVG's dividend yield for the trailing twelve months is around 2.95%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%
DIVG Invesco S&P 500 High Dividend Growers ETF	2.95%	3.15%	4.08%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVG and BITI in my portfolio?

DIVG and BITI have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVG or BITI?

BITI has higher volatility (10.76%) compared to DIVG (3.74%). In terms of maximum drawdown, DIVG dropped -14.95% vs BITI's -92.16%.

Which ETF is better, DIVG or BITI?

On 1-year performance, BITI leads with 64.61% vs 24.06% for DIVG. On fees, DIVG is cheaper at 0.39% per year. On volatility, DIVG has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVG or BITI?

Over the 1-year period, BITI has performed better with a 64.61% return vs 24.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVG or BITI?

DIVG is cheaper with a 0.39% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 2.95% for DIVG.

What is the main difference between DIVG and BITI?

DIVG is categorized as S&P 500, while BITI is Cryptocurrency. DIVG tracks S&P 500 High Dividend Growth Index - Benchmark TR Gross, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.39% for DIVG and 1.03% for BITI.

Which has better risk-adjusted returns?

DIVG currently has the higher Sharpe Ratio (2.21 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.