DRSK vs. BITI

Last updated Jul 18, 2026

DRSK (Aptus Defined Risk ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - DRSK is a Diversified Portfolio fund actively managed by Aptus Capital Advisors, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. DRSK is actively managed, while BITI is passively managed. Over the past 3 years, DRSK returned 7.95%/yr vs -31.71%/yr for BITI. At a correlation of -0.24, they often move in opposite directions. DRSK charges 0.79%/yr vs 1.03%/yr for BITI.

Performance

DRSK vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Defined Risk ETF (DRSK) 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, DRSK achieves a 2.00% return, which is significantly lower than BITI's 24.73% return.

DRSK

• 1D: -0.47%
• 1M: -0.67%
• 6M: 2.25%
• YTD: 2.00%
• 1Y: 4.55%
• 3Y*: 7.95%
• 5Y*: 2.53%
• 10Y*: —

BITI

• 1D: 0.20%
• 1M: -0.52%
• 6M: 36.51%
• YTD: 24.73%
• 1Y: 64.56%
• 3Y*: -31.71%
• 5Y*: —
• 10Y*: —

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

DRSK vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DRSK Aptus Defined Risk ETF	2.00%	7.67%	12.50%	2.08%	-0.42%
BITI ProShares Short Bitcoin ETF	24.73%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between DRSK and BITI is -0.38, 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	-0.38
Correlation (3Y) Calculated over the trailing 3-year period	-0.26
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.24

The correlation between DRSK and BITI shifts across timeframes, from -0.38 (1 year) to -0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DRSK vs. BITI — Risk / Return Rank

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

DRSK

DRSK Risk / Return Rank: 20
DRSK Sharpe Ratio Rank: 21
DRSK Sortino Ratio Rank: 21
DRSK Omega Ratio Rank: 19
DRSK Calmar Ratio Rank: 19
DRSK Martin Ratio Rank: 20

BITI

BITI Risk / Return Rank: 53
BITI Sharpe Ratio Rank: 54
BITI Sortino Ratio Rank: 51
BITI Omega Ratio Rank: 47
BITI Calmar Ratio Rank: 65
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.

DRSK vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Defined Risk ETF (DRSK) 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.

	DRSK	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.47	-0.89
Sortino ratio: Return per unit of downside risk	0.93	2.04	-1.11
Omega ratio: Gain probability vs. loss probability	1.10	1.25	-0.14
Calmar ratio: Return relative to maximum drawdown	0.63	2.57	-1.93
Martin ratio: Return relative to average drawdown	1.60	6.36	-4.76

DRSK vs. BITI - Sharpe Ratio Comparison

The current DRSK Sharpe Ratio is 0.58, which is lower than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of DRSK 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

DRSK vs. BITI - Drawdown Comparison

The maximum DRSK drawdown since its inception was -19.87%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for DRSK and BITI.

Drawdown Indicators

	DRSK	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-19.87%	-92.16%	+72.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-25.28%	+18.08%
Max Drawdown (3Y) Largest decline over 3 years	-9.60%	-84.63%	+75.03%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	—	—
Current Drawdown Current decline from peak	-2.91%	-86.38%	+83.47%
Average Drawdown Average peak-to-trough decline	-4.18%	-68.42%	+64.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	10.18%	-7.33%

Volatility

DRSK vs. BITI - Volatility Comparison

The current volatility for Aptus Defined Risk ETF (DRSK) is 1.73%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.69%. This indicates that DRSK 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

	DRSK	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	10.69%	-8.96%
Volatility (6M) Calculated over the trailing 6-month period	5.23%	34.09%	-28.86%
Volatility (1Y) Calculated over the trailing 1-year period	7.90%	44.07%	-36.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.44%	52.21%	-44.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.06%	52.21%	-45.15%

DRSK vs. BITI - Expense Ratio Comparison

DRSK has a 0.79% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

DRSK vs. BITI - Dividend Comparison

DRSK's dividend yield for the trailing twelve months is around 3.72%, less than BITI's 15.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITI ProShares Short Bitcoin ETF	15.59%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%	0.00%	0.00%
DRSK Aptus Defined Risk ETF	3.72%	3.67%	3.31%	3.57%	1.93%	2.64%	5.69%	3.04%	2.62%

Frequently Asked Questions

Can I hold both DRSK and BITI in my portfolio?

DRSK and BITI have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRSK or BITI?

BITI has higher volatility (10.69%) compared to DRSK (1.73%). In terms of maximum drawdown, DRSK dropped -19.87% vs BITI's -92.16%.

Which ETF is better, DRSK or BITI?

On 3-year performance, DRSK leads with 7.95% vs -31.71% for BITI. On fees, DRSK is cheaper at 0.79% per year. On volatility, DRSK has been the lower-risk option at 1.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRSK or BITI?

Over the 3-year period, DRSK has performed better with a 7.95% return vs -31.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRSK or BITI?

DRSK is cheaper with a 0.79% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.59%, compared with 3.72% for DRSK.

What is the main difference between DRSK and BITI?

DRSK is categorized as Diversified Portfolio, while BITI is Cryptocurrency. They also come from different issuers: Aptus Capital Advisors and ProShares. Their fees differ too: 0.79% for DRSK and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.47 vs 0.58), 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.