FLKR vs. BITI

Last updated Jul 14, 2026

FLKR (Franklin FTSE South Korea ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - FLKR is a South Korea Equities fund tracking the FTSE South Korea RIC Capped Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, FLKR returned 39.36%/yr vs -30.65%/yr for BITI. At a correlation of -0.33, they often move in opposite directions. FLKR charges 0.09%/yr vs 1.03%/yr for BITI.

Performance

FLKR vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE South Korea ETF (FLKR) 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, FLKR achieves a 73.03% return, which is significantly higher than BITI's 28.75% return.

FLKR

• 1D: -8.04%
• 1M: -12.65%
• 6M: 55.54%
• YTD: 73.03%
• 1Y: 132.73%
• 3Y*: 39.36%
• 5Y*: 14.98%
• 10Y*: —

BITI

• 1D: 2.65%
• 1M: 1.46%
• 6M: 34.68%
• YTD: 28.75%
• 1Y: 68.34%
• 3Y*: -30.65%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLKR vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FLKR Franklin FTSE South Korea ETF	73.03%	91.91%	-18.84%	19.16%	-5.05%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between FLKR and BITI is -0.39, 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	-0.39
Correlation (3Y) Calculated over the trailing 3-year period	-0.30
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.33

Return for Risk

FLKR vs. BITI — Risk / Return Rank

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

FLKR

FLKR Risk / Return Rank: 89
FLKR Sharpe Ratio Rank: 93
FLKR Sortino Ratio Rank: 81
FLKR Omega Ratio Rank: 87
FLKR Calmar Ratio Rank: 94
FLKR Martin Ratio Rank: 92

BITI

BITI Risk / Return Rank: 57
BITI Sharpe Ratio Rank: 58
BITI Sortino Ratio Rank: 55
BITI Omega Ratio Rank: 50
BITI Calmar Ratio Rank: 68
BITI Martin Ratio Rank: 51

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.

FLKR vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE South Korea ETF (FLKR) 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.

	FLKR	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.65	1.56	+1.09
Sortino ratio: Return per unit of downside risk	2.85	2.13	+0.73
Omega ratio: Gain probability vs. loss probability	1.42	1.26	+0.16
Calmar ratio: Return relative to maximum drawdown	5.74	2.72	+3.03
Martin ratio: Return relative to average drawdown	17.85	6.78	+11.07

FLKR vs. BITI - Sharpe Ratio Comparison

The current FLKR Sharpe Ratio is 2.65, which is higher than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of FLKR 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

FLKR vs. BITI - Drawdown Comparison

The maximum FLKR drawdown since its inception was -50.06%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for FLKR and BITI.

Drawdown Indicators

	FLKR	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-92.16%	+42.10%
Max Drawdown (1Y) Largest decline over 1 year	-23.24%	-25.28%	+2.04%
Max Drawdown (3Y) Largest decline over 3 years	-26.39%	-84.63%	+58.24%
Max Drawdown (5Y) Largest decline over 5 years	-48.14%	—	—
Current Drawdown Current decline from peak	-23.24%	-85.94%	+62.70%
Average Drawdown Average peak-to-trough decline	-21.93%	-68.34%	+46.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.47%	10.11%	-2.64%

Volatility

FLKR vs. BITI - Volatility Comparison

Franklin FTSE South Korea ETF (FLKR) has a higher volatility of 25.87% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that FLKR's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLKR	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.87%	11.38%	+14.49%
Volatility (6M) Calculated over the trailing 6-month period	47.53%	34.25%	+13.28%
Volatility (1Y) Calculated over the trailing 1-year period	50.45%	44.14%	+6.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.20%	52.28%	-21.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.25%	52.28%	-23.03%

FLKR vs. BITI - Expense Ratio Comparison

FLKR has a 0.09% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

FLKR vs. BITI - Dividend Comparison

FLKR's dividend yield for the trailing twelve months is around 2.67%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%
FLKR Franklin FTSE South Korea ETF	2.67%	3.87%	7.08%	2.28%	3.13%	2.12%	0.99%	2.09%	1.86%	1.02%

Frequently Asked Questions

Can I hold both FLKR and BITI in my portfolio?

FLKR and BITI have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLKR or BITI?

FLKR has higher volatility (25.87%) compared to BITI (11.38%). In terms of maximum drawdown, FLKR dropped -50.06% vs BITI's -92.16%.

Which ETF is better, FLKR or BITI?

On 3-year performance, FLKR leads with 39.36% vs -30.65% for BITI. On fees, FLKR is cheaper at 0.09% per year. On volatility, BITI has been the lower-risk option at 11.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLKR or BITI?

Over the 3-year period, FLKR has performed better with a 39.36% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLKR or BITI?

FLKR is cheaper with a 0.09% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 2.67% for FLKR.

What is the main difference between FLKR and BITI?

FLKR is categorized as South Korea Equities, while BITI is Cryptocurrency. FLKR tracks FTSE South Korea RIC Capped Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Franklin Templeton and ProShares. Their fees differ too: 0.09% for FLKR and 1.03% for BITI.

Which has better risk-adjusted returns?

FLKR currently has the higher Sharpe Ratio (2.65 vs 1.56), 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.