EEMO vs. BITI
EEMO (Invesco S&P Emerging Markets Momentum ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, EEMO returned 13.43%/yr vs -31.77%/yr for BITI. Their -0.32 correlation means they have often moved in opposite directions in the past. EEMO charges 0.31%/yr vs 1.03%/yr for BITI.
Performance
EEMO vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, EEMO achieves a 13.88% return, which is significantly lower than BITI's 27.11% return.
EEMO
- 1D
- -0.40%
- 1M
- -11.19%
- 6M
- 8.68%
- YTD
- 13.88%
- 1Y
- 20.52%
- 3Y*
- 13.43%
- 5Y*
- 4.39%
- 10Y*
- 6.35%
- ALL TIME*
- 1.62%
BITI
- 1D
- 3.01%
- 1M
- -2.58%
- 6M
- 22.77%
- YTD
- 27.11%
- 1Y
- 58.64%
- 3Y*
- -31.77%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.10M | $26.49M | $38.71M | |
| $285.36K | $494.03K | $516.10K |
EEMO vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EEMO Invesco S&P Emerging Markets Momentum ETF | 13.88% | 10.99% | 9.88% | 13.90% | -0.79% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between EEMO and BITI is -0.41, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.41 |
Correlation (3Y) Balances recent behavior with more history. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.32 |
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Return for Risk
EEMO vs. BITI — Risk / Return Rank
EEMO
BITI
EEMO vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Momentum ETF (EEMO) 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.
| EEMO | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 2.53 | -1.81 |
| Martin ratioReturn relative to average drawdown | 2.94 | 6.17 | -3.23 |
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Drawdowns
EEMO vs. BITI - Drawdown Comparison
The maximum EEMO drawdown since its inception was -48.47%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for EEMO and BITI.
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Drawdown Indicators
| EEMO | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.47% | -92.16% | +43.69% |
Max Drawdown (1Y)Largest decline over 1 year | -27.41% | -25.28% | -2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -27.41% | -84.63% | +57.22% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.57% | — | — |
Current DrawdownCurrent decline from peak | -22.95% | -86.12% | +63.17% |
Average DrawdownAverage peak-to-trough decline | -20.08% | -68.59% | +48.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 10.35% | -3.61% |
Volatility
EEMO vs. BITI - Volatility Comparison
Invesco S&P Emerging Markets Momentum ETF (EEMO) has a higher volatility of 16.65% compared to ProShares Short Bitcoin ETF (BITI) at 9.13%. This indicates that EEMO'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.
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Volatility by Period
| EEMO | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.65% | 9.13% | +7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 33.96% | 33.31% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.14% | 44.23% | -9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.09% | 52.03% | -29.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 52.03% | -29.01% |
EEMO vs. BITI - Expense Ratio Comparison
EEMO has a 0.31% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
EEMO vs. BITI - Dividend Comparison
EEMO's dividend yield for the trailing twelve months is around 1.99%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EEMO Invesco S&P Emerging Markets Momentum ETF | 1.99% | 2.31% | 2.57% | 3.65% | 3.82% | 1.51% | 1.53% | 2.13% | 13.10% | 5.13% | 1.55% | 2.92% |
Frequently Asked Questions
EEMO and BITI have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEMO has higher volatility (16.65%) compared to BITI (9.13%). In terms of maximum drawdown, EEMO dropped -48.47% vs BITI's -92.16%.
On 3-year performance, EEMO leads with 13.43% vs -31.77% for BITI. On fees, EEMO is cheaper at 0.31% per year. On volatility, BITI has been the lower-risk option at 9.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EEMO has performed better with a 13.43% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EEMO is cheaper with a 0.31% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 1.99% for EEMO.
EEMO is categorized as Momentum, while BITI is Cryptocurrency. EEMO tracks S&P Momentum Emerging Plus LargeMidCap Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.31% for EEMO and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.45 vs 0.57), 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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