ETEC vs. BITI
ETEC (iShares Breakthrough Environmental Solutions ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ETEC is a Technology Equities fund tracking the Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ETEC returned 3.02%/yr vs -32.42%/yr for BITI. At a correlation of -0.30, they often move in opposite directions. ETEC charges 0.47%/yr vs 1.03%/yr for BITI.
Performance
ETEC vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, ETEC achieves a 9.49% return, which is significantly lower than BITI's 20.56% return.
ETEC
- 1D
- 1.33%
- 1M
- -11.49%
- 6M
- 6.90%
- YTD
- 9.49%
- 1Y
- 29.75%
- 3Y*
- 3.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.06%
BITI
- 1D
- -2.02%
- 1M
- -5.83%
- 6M
- 24.10%
- YTD
- 20.56%
- 1Y
- 55.81%
- 3Y*
- -32.42%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -36.67%
ETEC vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETEC iShares Breakthrough Environmental Solutions ETF | 9.49% | 31.89% | -18.16% | -6.50% |
BITI ProShares Short Bitcoin ETF | 20.56% | -1.76% | -62.60% | -35.40% |
Correlation
The correlation between ETEC and BITI is -0.40, 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 | -0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2023 | -0.30 |
The correlation between ETEC and BITI shifts across timeframes, from -0.40 (1 year) to -0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ETEC vs. BITI — Risk / Return Rank
ETEC
BITI
ETEC vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Breakthrough Environmental Solutions ETF (ETEC) 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.
| ETEC | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.22 | -0.38 |
| Martin ratioReturn relative to average drawdown | 6.16 | 5.48 | +0.69 |
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Drawdowns
ETEC vs. BITI - Drawdown Comparison
The maximum ETEC drawdown since its inception was -39.71%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ETEC and BITI.
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Drawdown Indicators
| ETEC | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.71% | -92.16% | +52.45% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -25.28% | +9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -39.71% | -84.63% | +44.92% |
Current DrawdownCurrent decline from peak | -15.13% | -86.84% | +71.71% |
Average DrawdownAverage peak-to-trough decline | -14.75% | -68.45% | +53.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 10.23% | -5.39% |
Volatility
ETEC vs. BITI - Volatility Comparison
iShares Breakthrough Environmental Solutions ETF (ETEC) and ProShares Short Bitcoin ETF (BITI) have volatilities of 10.43% and 10.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETEC | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 10.45% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 20.68% | 34.12% | -13.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.68% | 44.14% | -19.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 52.17% | -27.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 52.17% | -27.56% |
ETEC vs. BITI - Expense Ratio Comparison
ETEC has a 0.47% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ETEC vs. BITI - Dividend Comparison
ETEC's dividend yield for the trailing twelve months is around 0.48%, less than BITI's 16.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 16.13% | 1.60% | 3.91% | 3.33% | 0.06% |
ETEC iShares Breakthrough Environmental Solutions ETF | 0.48% | 0.33% | 1.24% | 4.18% | 0.00% |
Frequently Asked Questions
ETEC and BITI have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.45%) compared to ETEC (10.43%). In terms of maximum drawdown, ETEC dropped -39.71% vs BITI's -92.16%.
On 3-year performance, ETEC leads with 3.02% vs -32.42% for BITI. On fees, ETEC is cheaper at 0.47% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ETEC has performed better with a 3.02% return vs -32.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETEC is cheaper with a 0.47% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 16.13%, compared with 0.48% for ETEC.
ETEC is categorized as Technology Equities, while BITI is Cryptocurrency. ETEC tracks Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.47% for ETEC and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.27 vs 1.21), 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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