ETHB vs. BITI
ETHB (iShares Staked Ethereum Trust ETF) and BITI (ProShares Short Bitcoin ETF) are both Cryptocurrency funds - ETHB tracks the CME CF Ether Dollar Reference Rate - New York Variant while BITI tracks the Bloomberg Bitcoin Index. Both are passively managed. Their -0.92 correlation means they have often moved in opposite directions in the past. ETHB charges 0.25%/yr vs 1.03%/yr for BITI.
Performance
ETHB vs. BITI - Performance Comparison
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Returns By Period
ETHB
- 1D
- -3.07%
- 1M
- 9.94%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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 | |
| $8.62M | $8.86M | $9.94M |
ETHB vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ETHB iShares Staked Ethereum Trust ETF | -9.16% |
BITI ProShares Short Bitcoin ETF | 9.37% |
Correlation
The correlation between ETHB and BITI is -0.92, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | -0.92 |
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Return for Risk
ETHB vs. BITI — Risk / Return Rank
ETHB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITI
ETHB vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Staked Ethereum Trust ETF (ETHB) 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.
| ETHB | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 6.17 | — |
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Drawdowns
ETHB vs. BITI - Drawdown Comparison
The maximum ETHB drawdown since its inception was -35.92%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ETHB and BITI.
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Drawdown Indicators
| ETHB | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.92% | -92.16% | +56.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.63% | — |
Current DrawdownCurrent decline from peak | -23.07% | -86.12% | +63.05% |
Average DrawdownAverage peak-to-trough decline | -15.76% | -68.59% | +52.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.35% | — |
Volatility
ETHB vs. BITI - Volatility Comparison
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Volatility by Period
| ETHB | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.40% | 44.23% | +8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.40% | 52.03% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.40% | 52.03% | +0.37% |
ETHB vs. BITI - Expense Ratio Comparison
ETHB has a 0.25% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ETHB vs. BITI - Dividend Comparison
ETHB's dividend yield for the trailing twelve months is around 0.20%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% |
ETHB iShares Staked Ethereum Trust ETF | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHB and BITI have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETHB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHB is cheaper with a 0.25% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 0.20% for ETHB.
ETHB tracks CME CF Ether Dollar Reference Rate - New York Variant, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.25% for ETHB and 1.03% for BITI.
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