EKG vs. BITI

Last updated Jul 17, 2026

EKG (First Trust Nasdaq Lux Digital Health Solutions ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - EKG is a Health & Biotech Equities fund tracking the NASDAQ Lux Health Tech Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, EKG returned 2.05%/yr vs -31.62%/yr for BITI. At a correlation of -0.29, they often move in opposite directions. EKG charges 0.65%/yr vs 1.03%/yr for BITI.

Performance

EKG vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) 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, EKG achieves a 3.37% return, which is significantly lower than BITI's 24.48% return.

EKG

• 1D: -0.11%
• 1M: 11.09%
• 6M: -0.16%
• YTD: 3.37%
• 1Y: 13.99%
• 3Y*: 2.05%
• 5Y*: —
• 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)

EKG vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EKG First Trust Nasdaq Lux Digital Health Solutions ETF	3.37%	11.89%	6.53%	-0.11%	15.21%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between EKG and BITI is -0.26, 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	-0.26
Correlation (3Y) Calculated over the trailing 3-year period	-0.25
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.29

Return for Risk

EKG vs. BITI — Risk / Return Rank

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

EKG

EKG Risk / Return Rank: 20
EKG Sharpe Ratio Rank: 21
EKG Sortino Ratio Rank: 22
EKG Omega Ratio Rank: 21
EKG Calmar Ratio Rank: 19
EKG Martin Ratio Rank: 18

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.

EKG vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) 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.

	EKG	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.61	1.47	-0.87
Sortino ratio: Return per unit of downside risk	1.01	2.04	-1.03
Omega ratio: Gain probability vs. loss probability	1.12	1.25	-0.13
Calmar ratio: Return relative to maximum drawdown	0.64	2.57	-1.93
Martin ratio: Return relative to average drawdown	1.37	6.38	-5.00

EKG vs. BITI - Sharpe Ratio Comparison

The current EKG Sharpe Ratio is 0.61, which is lower than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of EKG 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

EKG vs. BITI - Drawdown Comparison

The maximum EKG drawdown since its inception was -43.82%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for EKG and BITI.

Drawdown Indicators

	EKG	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-43.82%	-92.16%	+48.34%
Max Drawdown (1Y) Largest decline over 1 year	-22.09%	-25.28%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-34.11%	-84.63%	+50.52%
Current Drawdown Current decline from peak	-8.91%	-86.41%	+77.50%
Average Drawdown Average peak-to-trough decline	-22.41%	-68.40%	+45.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.22%	10.16%	+0.06%

Volatility

EKG vs. BITI - Volatility Comparison

The current volatility for First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) is 8.58%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that EKG 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

	EKG	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.58%	10.76%	-2.18%
Volatility (6M) Calculated over the trailing 6-month period	18.55%	34.28%	-15.73%
Volatility (1Y) Calculated over the trailing 1-year period	23.08%	44.15%	-21.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.14%	52.24%	-25.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.14%	52.24%	-25.10%

EKG vs. BITI - Expense Ratio Comparison

EKG has a 0.65% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

EKG vs. BITI - Dividend Comparison

EKG has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.62%.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%
EKG First Trust Nasdaq Lux Digital Health Solutions ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EKG and BITI in my portfolio?

EKG and BITI have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EKG or BITI?

BITI has higher volatility (10.76%) compared to EKG (8.58%). In terms of maximum drawdown, EKG dropped -43.82% vs BITI's -92.16%.

Which ETF is better, EKG or BITI?

On 3-year performance, EKG leads with 2.05% vs -31.62% for BITI. On fees, EKG is cheaper at 0.65% per year. On volatility, EKG has been the lower-risk option at 8.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EKG or BITI?

Over the 3-year period, EKG has performed better with a 2.05% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EKG or BITI?

EKG is cheaper with a 0.65% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 0.00% for EKG.

What is the main difference between EKG and BITI?

EKG is categorized as Health & Biotech Equities, while BITI is Cryptocurrency. EKG tracks NASDAQ Lux Health Tech Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.65% for EKG and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.47 vs 0.61), 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.