EFA vs. BITI
EFA (iShares MSCI EAFE ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - EFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net), while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, EFA returned 16.41%/yr vs -31.77%/yr for BITI. Their -0.33 correlation means they have often moved in opposite directions in the past. EFA charges 0.32%/yr vs 1.03%/yr for BITI.
Performance
EFA vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EFA achieves a 11.69% return, which is significantly lower than BITI's 27.11% return.
EFA
- 1D
- -0.62%
- 1M
- 1.16%
- 6M
- 6.46%
- YTD
- 11.69%
- 1Y
- 25.09%
- 3Y*
- 16.41%
- 5Y*
- 9.23%
- 10Y*
- 9.47%
- ALL TIME*
- 6.58%
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 | |
| $1.24B | $1.12B | $1.39B |
EFA vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EFA iShares MSCI EAFE ETF | 11.69% | 31.55% | 3.49% | 18.36% | 7.20% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between EFA and BITI is -0.42, 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. | -0.42 |
Correlation (3Y) Balances recent behavior with more history. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.33 |
The correlation between EFA and BITI shifts across timeframes, from -0.42 (1 year) to -0.31 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EFA vs. BITI — Risk / Return Rank
EFA
BITI
EFA vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE ETF (EFA) 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.
| EFA | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.53 | -0.36 |
| Martin ratioReturn relative to average drawdown | 8.23 | 6.17 | +2.05 |
Loading charts...
Drawdowns
EFA vs. BITI - Drawdown Comparison
The maximum EFA drawdown since its inception was -61.04%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for EFA and BITI.
Loading charts...
Drawdown Indicators
| EFA | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.04% | -92.16% | +31.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -25.28% | +13.86% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -84.63% | +70.58% |
Max Drawdown (5Y)Largest decline over 5 years | -29.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.19% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -86.12% | +85.50% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -68.59% | +56.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 10.35% | -7.33% |
Volatility
EFA vs. BITI - Volatility Comparison
The current volatility for iShares MSCI EAFE ETF (EFA) is 4.69%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that EFA 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.
Loading charts...
Volatility by Period
| EFA | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 9.13% | -4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 33.31% | -19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 44.23% | -28.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 52.03% | -35.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 52.03% | -35.03% |
EFA vs. BITI - Expense Ratio Comparison
EFA has a 0.32% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
EFA vs. BITI - Dividend Comparison
EFA's dividend yield for the trailing twelve months is around 3.19%, 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% |
EFA iShares MSCI EAFE ETF | 3.19% | 3.38% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% |
Frequently Asked Questions
EFA and BITI have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (9.13%) compared to EFA (4.69%). In terms of maximum drawdown, EFA dropped -61.04% vs BITI's -92.16%.
On 3-year performance, EFA leads with 16.41% vs -31.77% for BITI. On fees, EFA is cheaper at 0.32% per year. On volatility, EFA has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EFA has performed better with a 16.41% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EFA is cheaper with a 0.32% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 3.19% for EFA.
EFA is categorized as Foreign Large Cap Equities, while BITI is Cryptocurrency. EFA tracks MSCI EAFE Index (Net), while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.32% for EFA and 1.03% for BITI.
EFA currently has the higher Sharpe Ratio (1.58 vs 1.45), 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.
Find the right allocation for EFA and BITI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer