DRIV vs. BITI

Last updated Jul 17, 2026

DRIV (Global X Autonomous & Electric Vehicles ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - DRIV is a Global Equities fund tracking the Solactive Autonomous & Electric Vehicles Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, DRIV returned 9.73%/yr vs -31.62%/yr for BITI. At a correlation of -0.40, they often move in opposite directions. DRIV charges 0.68%/yr vs 1.03%/yr for BITI.

Performance

DRIV vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Autonomous & Electric Vehicles ETF (DRIV) 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, DRIV achieves a 16.46% return, which is significantly lower than BITI's 24.48% return.

DRIV

• 1D: -3.68%
• 1M: -13.12%
• 6M: 5.88%
• YTD: 16.46%
• 1Y: 43.11%
• 3Y*: 9.73%
• 5Y*: 6.15%
• 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)

DRIV vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DRIV Global X Autonomous & Electric Vehicles ETF	16.46%	30.42%	-5.04%	26.14%	-7.20%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between DRIV 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	-0.38
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.40

Return for Risk

DRIV vs. BITI — Risk / Return Rank

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

DRIV

DRIV Risk / Return Rank: 54
DRIV Sharpe Ratio Rank: 55
DRIV Sortino Ratio Rank: 49
DRIV Omega Ratio Rank: 50
DRIV Calmar Ratio Rank: 57
DRIV Martin Ratio Rank: 58

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.

DRIV vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Autonomous & Electric Vehicles ETF (DRIV) 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.

	DRIV	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.47	+0.04
Sortino ratio: Return per unit of downside risk	2.00	2.04	-0.04
Omega ratio: Gain probability vs. loss probability	1.26	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	2.28	2.57	-0.29
Martin ratio: Return relative to average drawdown	7.93	6.38	+1.56

DRIV vs. BITI - Sharpe Ratio Comparison

The current DRIV Sharpe Ratio is 1.51, which is comparable to the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of DRIV 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

DRIV vs. BITI - Drawdown Comparison

The maximum DRIV drawdown since its inception was -41.93%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for DRIV and BITI.

Drawdown Indicators

	DRIV	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-41.93%	-92.16%	+50.23%
Max Drawdown (1Y) Largest decline over 1 year	-18.99%	-25.28%	+6.29%
Max Drawdown (3Y) Largest decline over 3 years	-34.18%	-84.63%	+50.45%
Max Drawdown (5Y) Largest decline over 5 years	-41.93%	—	—
Current Drawdown Current decline from peak	-18.99%	-86.41%	+67.42%
Average Drawdown Average peak-to-trough decline	-15.06%	-68.40%	+53.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	10.16%	-4.71%

Volatility

DRIV vs. BITI - Volatility Comparison

Global X Autonomous & Electric Vehicles ETF (DRIV) and ProShares Short Bitcoin ETF (BITI) have volatilities of 10.54% and 10.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRIV	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.54%	10.76%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	23.98%	34.28%	-10.30%
Volatility (1Y) Calculated over the trailing 1-year period	28.67%	44.15%	-15.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.80%	52.24%	-24.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.71%	52.24%	-24.53%

DRIV vs. BITI - Expense Ratio Comparison

DRIV has a 0.68% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

DRIV vs. BITI - Dividend Comparison

DRIV's dividend yield for the trailing twelve months is around 0.64%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%	0.00%	0.00%
DRIV Global X Autonomous & Electric Vehicles ETF	0.64%	1.07%	2.07%	1.62%	1.24%	0.32%	0.29%	1.23%	2.79%

Frequently Asked Questions

Can I hold both DRIV and BITI in my portfolio?

DRIV 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.

Which is riskier, DRIV or BITI?

BITI has higher volatility (10.76%) compared to DRIV (10.54%). In terms of maximum drawdown, DRIV dropped -41.93% vs BITI's -92.16%.

Which ETF is better, DRIV or BITI?

On 3-year performance, DRIV leads with 9.73% vs -31.62% for BITI. On fees, DRIV is cheaper at 0.68% per year. On volatility, DRIV has been the lower-risk option at 10.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRIV or BITI?

Over the 3-year period, DRIV has performed better with a 9.73% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRIV or BITI?

DRIV is cheaper with a 0.68% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 0.64% for DRIV.

What is the main difference between DRIV and BITI?

DRIV is categorized as Global Equities, while BITI is Cryptocurrency. DRIV tracks Solactive Autonomous & Electric Vehicles Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.68% for DRIV and 1.03% for BITI.

Which has better risk-adjusted returns?

DRIV currently has the higher Sharpe Ratio (1.51 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.