DNL vs. BITI
DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - DNL is a Foreign Large Cap Equities fund tracking the WisdomTree Global ex-U.S. Quality Dividend Growth Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, DNL returned 9.39%/yr vs -31.62%/yr for BITI. At a correlation of -0.36, they often move in opposite directions. DNL charges 0.58%/yr vs 1.03%/yr for BITI.
Performance
DNL vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, DNL achieves a 10.48% return, which is significantly lower than BITI's 24.48% return.
DNL
- 1D
- -1.08%
- 1M
- -1.29%
- 6M
- 5.00%
- YTD
- 10.48%
- 1Y
- 14.94%
- 3Y*
- 9.39%
- 5Y*
- 4.14%
- 10Y*
- 8.88%
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
DNL vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 10.48% | 17.03% | -0.61% | 17.00% | 3.26% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between DNL and BITI is -0.46, 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 | -0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.36 |
The correlation between DNL and BITI shifts across timeframes, from -0.46 (1 year) to -0.35 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DNL vs. BITI — Risk / Return Rank
DNL
BITI
DNL vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) 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.
| DNL | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.57 | -1.36 |
| Martin ratioReturn relative to average drawdown | 4.27 | 6.38 | -2.10 |
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Drawdowns
DNL vs. BITI - Drawdown Comparison
The maximum DNL drawdown since its inception was -44.53%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for DNL and BITI.
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Drawdown Indicators
| DNL | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.53% | -92.16% | +47.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -25.28% | +12.86% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | -84.63% | +64.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | — | — |
Current DrawdownCurrent decline from peak | -2.44% | -86.41% | +83.97% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -68.40% | +58.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 10.16% | -6.65% |
Volatility
DNL vs. BITI - Volatility Comparison
The current volatility for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) is 5.05%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that DNL 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
| DNL | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 10.76% | -5.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 34.28% | -18.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.92% | 44.15% | -25.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 52.24% | -33.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 52.24% | -33.67% |
DNL vs. BITI - Expense Ratio Comparison
DNL has a 0.58% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
DNL vs. BITI - Dividend Comparison
DNL's dividend yield for the trailing twelve months is around 1.31%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.62% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 1.31% | 2.06% | 2.30% | 1.81% | 4.82% | 1.38% | 1.76% | 1.93% | 2.55% | 1.86% | 2.51% | 1.98% |
Frequently Asked Questions
DNL and BITI have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.76%) compared to DNL (5.05%). In terms of maximum drawdown, DNL dropped -44.53% vs BITI's -92.16%.
On 3-year performance, DNL leads with 9.39% vs -31.62% for BITI. On fees, DNL is cheaper at 0.58% per year. On volatility, DNL has been the lower-risk option at 5.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DNL has performed better with a 9.39% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DNL is cheaper with a 0.58% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.62%, compared with 1.31% for DNL.
DNL is categorized as Foreign Large Cap Equities, while BITI is Cryptocurrency. DNL tracks WisdomTree Global ex-U.S. Quality Dividend Growth Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.58% for DNL and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.47 vs 0.79), 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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