EMC vs. BITI

Last updated Jul 17, 2026

EMC (Global X Emerging Markets Great Consumer ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - EMC is a Emerging Markets Diversified fund actively managed by Global X, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. EMC is actively managed, while BITI is passively managed. Over the past 3 years, EMC returned 12.17%/yr vs -31.62%/yr for BITI. At a correlation of -0.32, they often move in opposite directions. EMC charges 0.75%/yr vs 1.03%/yr for BITI.

Performance

EMC vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Emerging Markets Great Consumer ETF (EMC) 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, EMC achieves a 15.76% return, which is significantly lower than BITI's 24.48% return.

EMC

• 1D: -1.94%
• 1M: -6.55%
• 6M: 9.43%
• YTD: 15.76%
• 1Y: 21.32%
• 3Y*: 12.17%
• 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)

EMC vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EMC Global X Emerging Markets Great Consumer ETF	15.76%	18.91%	3.75%	1.62%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-39.26%

Correlation

The correlation between EMC 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	-0.34
Correlation (All Time) Calculated using the full available price history since May 15, 2023	-0.32

The correlation between EMC and BITI shifts across timeframes, from -0.46 (1 year) to -0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EMC vs. BITI — Risk / Return Rank

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

EMC

EMC Risk / Return Rank: 34
EMC Sharpe Ratio Rank: 30
EMC Sortino Ratio Rank: 29
EMC Omega Ratio Rank: 32
EMC Calmar Ratio Rank: 37
EMC Martin Ratio Rank: 40

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.

EMC vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Emerging Markets Great Consumer ETF (EMC) 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.

	EMC	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.47	-0.57
Sortino ratio: Return per unit of downside risk	1.35	2.04	-0.69
Omega ratio: Gain probability vs. loss probability	1.18	1.25	-0.07
Calmar ratio: Return relative to maximum drawdown	1.54	2.57	-1.03
Martin ratio: Return relative to average drawdown	5.08	6.38	-1.29

EMC vs. BITI - Sharpe Ratio Comparison

The current EMC Sharpe Ratio is 0.90, which is lower than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of EMC 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

EMC vs. BITI - Drawdown Comparison

The maximum EMC drawdown since its inception was -18.38%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for EMC and BITI.

Drawdown Indicators

	EMC	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-92.16%	+73.78%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-25.28%	+11.39%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-84.63%	+66.25%
Current Drawdown Current decline from peak	-9.17%	-86.41%	+77.24%
Average Drawdown Average peak-to-trough decline	-4.14%	-68.40%	+64.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.20%	10.16%	-5.96%

Volatility

EMC vs. BITI - Volatility Comparison

The current volatility for Global X Emerging Markets Great Consumer ETF (EMC) is 9.44%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that EMC 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

	EMC	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.44%	10.76%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	21.65%	34.28%	-12.63%
Volatility (1Y) Calculated over the trailing 1-year period	23.73%	44.15%	-20.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.51%	52.24%	-32.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.51%	52.24%	-32.73%

EMC vs. BITI - Expense Ratio Comparison

EMC has a 0.75% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

EMC vs. BITI - Dividend Comparison

EMC's dividend yield for the trailing twelve months is around 0.59%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%
EMC Global X Emerging Markets Great Consumer ETF	0.59%	0.78%	1.13%	0.89%	0.00%

Frequently Asked Questions

Can I hold both EMC and BITI in my portfolio?

EMC 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, EMC or BITI?

BITI has higher volatility (10.76%) compared to EMC (9.44%). In terms of maximum drawdown, EMC dropped -18.38% vs BITI's -92.16%.

Which ETF is better, EMC or BITI?

On 3-year performance, EMC leads with 12.17% vs -31.62% for BITI. On fees, EMC is cheaper at 0.75% per year. On volatility, EMC has been the lower-risk option at 9.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMC or BITI?

Over the 3-year period, EMC has performed better with a 12.17% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMC or BITI?

EMC is cheaper with a 0.75% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 0.59% for EMC.

What is the main difference between EMC and BITI?

EMC is categorized as Emerging Markets Diversified, while BITI is Cryptocurrency. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.75% for EMC and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.47 vs 0.90), 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.