FDD vs. BITI
FDD (First Trust STOXX European Select Dividend Index Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - FDD is a Europe Equities fund tracking the STOXX Europe Select Dividend 30, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, FDD returned 25.04%/yr vs -31.62%/yr for BITI. At a correlation of -0.29, they often move in opposite directions. FDD charges 0.58%/yr vs 1.03%/yr for BITI.
Performance
FDD vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, FDD achieves a 13.60% return, which is significantly lower than BITI's 24.48% return.
FDD
- 1D
- -0.16%
- 1M
- 0.05%
- 6M
- 12.31%
- YTD
- 13.60%
- 1Y
- 31.13%
- 3Y*
- 25.04%
- 5Y*
- 12.48%
- 10Y*
- 10.46%
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
FDD vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDD First Trust STOXX European Select Dividend Index Fund | 13.60% | 62.50% | 0.28% | 14.16% | 4.31% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between FDD and BITI is -0.36, 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 | -0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.29 |
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Return for Risk
FDD vs. BITI — Risk / Return Rank
FDD
BITI
FDD vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust STOXX European Select Dividend Index Fund (FDD) 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.
| FDD | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 2.57 | +0.76 |
| Martin ratioReturn relative to average drawdown | 10.68 | 6.38 | +4.30 |
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Drawdowns
FDD vs. BITI - Drawdown Comparison
The maximum FDD drawdown since its inception was -74.77%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for FDD and BITI.
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Drawdown Indicators
| FDD | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.77% | -92.16% | +17.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -25.28% | +15.89% |
Max Drawdown (3Y)Largest decline over 3 years | -13.06% | -84.63% | +71.57% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.43% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -86.41% | +85.96% |
Average DrawdownAverage peak-to-trough decline | -35.26% | -68.40% | +33.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 10.16% | -7.24% |
Volatility
FDD vs. BITI - Volatility Comparison
The current volatility for First Trust STOXX European Select Dividend Index Fund (FDD) is 3.79%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that FDD 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.
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Volatility by Period
| FDD | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 10.76% | -6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 34.28% | -21.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 44.15% | -28.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 52.24% | -33.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.75% | 52.24% | -32.49% |
FDD vs. BITI - Expense Ratio Comparison
FDD has a 0.58% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
FDD vs. BITI - Dividend Comparison
FDD's dividend yield for the trailing twelve months is around 5.24%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.62% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDD First Trust STOXX European Select Dividend Index Fund | 5.24% | 3.99% | 7.65% | 6.85% | 6.07% | 3.44% | 4.01% | 4.69% | 5.05% | 2.78% | 4.88% | 4.35% |
Frequently Asked Questions
FDD and BITI have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.76%) compared to FDD (3.79%). In terms of maximum drawdown, FDD dropped -74.77% vs BITI's -92.16%.
On 3-year performance, FDD leads with 25.04% vs -31.62% for BITI. On fees, FDD is cheaper at 0.58% per year. On volatility, FDD has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FDD has performed better with a 25.04% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDD is cheaper with a 0.58% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.62%, compared with 5.24% for FDD.
FDD is categorized as Europe Equities, while BITI is Cryptocurrency. FDD tracks STOXX Europe Select Dividend 30, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.58% for FDD and 1.03% for BITI.
FDD currently has the higher Sharpe Ratio (1.96 vs 1.47), 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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