GOOP vs. BITI

Last updated Aug 1, 2026

GOOP (Kurv Yield Premium Strategy Google ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - GOOP is a Derivative Income fund actively managed by Kurv, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. GOOP is actively managed, while BITI is passively managed. Over the past year, GOOP returned 62.66% vs 58.64% for BITI. Their -0.22 correlation means they have often moved in opposite directions in the past. GOOP charges 0.99%/yr vs 1.03%/yr for BITI.

Performance

GOOP vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Google ETF (GOOP) 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, GOOP achieves a 8.89% return, which is significantly lower than BITI's 27.11% return.

GOOP

• 1D: 5.31%
• 1M: -3.26%
• 6M: 1.53%
• YTD: 8.89%
• 1Y: 62.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.56%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITI ProShares Short Bitcoin ETF	$24.10M	$26.49M	$38.71M
GOOP Kurv Yield Premium Strategy Google ETF	$440.60K	$549.46K	$838.71K

GOOP vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GOOP Kurv Yield Premium Strategy Google ETF	8.89%	52.46%	27.67%	6.17%
BITI ProShares Short Bitcoin ETF	27.11%	-1.76%	-62.60%	-18.57%

Correlation

The correlation between GOOP and BITI is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.24
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	-0.22

Return for Risk

GOOP vs. BITI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GOOP

GOOP Risk / Return Rank: 77
GOOP Sharpe Ratio Rank: 84
GOOP Sortino Ratio Rank: 83
GOOP Omega Ratio Rank: 83
GOOP Calmar Ratio Rank: 75
GOOP Martin Ratio Rank: 62

BITI

BITI Risk / Return Rank: 61
BITI Sharpe Ratio Rank: 63
BITI Sortino Ratio Rank: 60
BITI Omega Ratio Rank: 55
BITI Calmar Ratio Rank: 73
BITI Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GOOP vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Google ETF (GOOP) 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.

	GOOP	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.45	+0.50
Sortino ratio: Return per unit of downside risk	2.72	2.02	+0.70
Omega ratio: Gain probability vs. loss probability	1.35	1.24	+0.11
Calmar ratio: Return relative to maximum drawdown	2.62	2.53	+0.09
Martin ratio: Return relative to average drawdown	7.41	6.17	+1.24

GOOP vs. BITI - Sharpe Ratio Comparison

The current GOOP Sharpe Ratio is 1.94, which is higher than the BITI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of GOOP 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

GOOP vs. BITI - Drawdown Comparison

The maximum GOOP drawdown since its inception was -27.49%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for GOOP and BITI.

Drawdown Indicators

	GOOP	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	-92.16%	+64.67%
Max Drawdown (1Y) Largest decline over 1 year	-23.32%	-25.28%	+1.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-14.63%	-86.12%	+71.49%
Average Drawdown Average peak-to-trough decline	-6.70%	-68.59%	+61.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.23%	10.35%	-2.12%

Volatility

GOOP vs. BITI - Volatility Comparison

Kurv Yield Premium Strategy Google ETF (GOOP) has a higher volatility of 12.82% compared to ProShares Short Bitcoin ETF (BITI) at 9.13%. This indicates that GOOP'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

	GOOP	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.82%	9.13%	+3.69%
Volatility (6M) Calculated over the trailing 6-month period	26.67%	33.31%	-6.64%
Volatility (1Y) Calculated over the trailing 1-year period	31.51%	44.23%	-12.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.99%	52.03%	-25.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.99%	52.03%	-25.04%

GOOP vs. BITI - Expense Ratio Comparison

GOOP has a 0.99% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

GOOP vs. BITI - Dividend Comparison

GOOP's dividend yield for the trailing twelve months is around 13.43%, 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%
GOOP Kurv Yield Premium Strategy Google ETF	13.43%	11.79%	13.73%	2.06%	0.00%

Frequently Asked Questions

Can I hold both GOOP and BITI in my portfolio?

GOOP and BITI have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOP or BITI?

GOOP has higher volatility (12.82%) compared to BITI (9.13%). In terms of maximum drawdown, GOOP dropped -27.49% vs BITI's -92.16%.

Which ETF is better, GOOP or BITI?

On 1-year performance, GOOP leads with 62.66% vs 58.64% for BITI. On fees, GOOP is cheaper at 0.99% per year. On volatility, BITI has been the lower-risk option at 9.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOOP or BITI?

Over the 1-year period, GOOP has performed better with a 62.66% return vs 58.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOOP or BITI?

GOOP is cheaper with a 0.99% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.17%, compared with 13.43% for GOOP.

What is the main difference between GOOP and BITI?

GOOP is categorized as Derivative Income, while BITI is Cryptocurrency. They also come from different issuers: Kurv and ProShares. Their fees differ too: 0.99% for GOOP and 1.03% for BITI.

Which has better risk-adjusted returns?

GOOP currently has the higher Sharpe Ratio (1.94 vs 1.45), 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.