GQRE vs. BITI
GQRE (FlexShares Global Quality Real Estate Index Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - GQRE is a REIT fund tracking the Northern Trust Global Quality Real Estate (NR), while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, GQRE returned 10.80%/yr vs -31.71%/yr for BITI. At a correlation of -0.26, they often move in opposite directions. GQRE charges 0.45%/yr vs 1.03%/yr for BITI.
Performance
GQRE vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, GQRE achieves a 13.68% return, which is significantly lower than BITI's 24.73% return.
GQRE
- 1D
- 0.07%
- 1M
- 5.31%
- 6M
- 8.64%
- YTD
- 13.68%
- 1Y
- 16.13%
- 3Y*
- 10.80%
- 5Y*
- 2.75%
- 10Y*
- 3.91%
BITI
- 1D
- 0.20%
- 1M
- -0.52%
- 6M
- 36.51%
- YTD
- 24.73%
- 1Y
- 64.56%
- 3Y*
- -31.71%
- 5Y*
- —
- 10Y*
- —
GQRE vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GQRE FlexShares Global Quality Real Estate Index Fund | 13.68% | 8.27% | 6.09% | 9.21% | -2.82% |
BITI ProShares Short Bitcoin ETF | 24.73% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between GQRE and BITI is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.26 |
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Return for Risk
GQRE vs. BITI — Risk / Return Rank
GQRE
BITI
GQRE vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Global Quality Real Estate Index Fund (GQRE) 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.
| GQRE | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.57 | -0.97 |
| Martin ratioReturn relative to average drawdown | 6.01 | 6.36 | -0.35 |
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Drawdowns
GQRE vs. BITI - Drawdown Comparison
The maximum GQRE drawdown since its inception was -41.87%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for GQRE and BITI.
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Drawdown Indicators
| GQRE | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -92.16% | +50.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -25.28% | +15.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.17% | -84.63% | +68.46% |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.87% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -86.38% | +86.38% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -68.42% | +59.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 10.18% | -7.49% |
Volatility
GQRE vs. BITI - Volatility Comparison
The current volatility for FlexShares Global Quality Real Estate Index Fund (GQRE) is 3.87%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.69%. This indicates that GQRE 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
| GQRE | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 10.69% | -6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 34.09% | -24.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 44.07% | -32.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 52.21% | -35.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 52.21% | -34.58% |
GQRE vs. BITI - Expense Ratio Comparison
GQRE has a 0.45% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
GQRE vs. BITI - Dividend Comparison
GQRE's dividend yield for the trailing twelve months is around 4.13%, less than BITI's 15.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.59% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GQRE FlexShares Global Quality Real Estate Index Fund | 4.13% | 4.75% | 3.77% | 2.91% | 2.56% | 2.36% | 2.05% | 4.29% | 3.22% | 1.97% | 4.16% | 2.32% |
Frequently Asked Questions
GQRE and BITI have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.69%) compared to GQRE (3.87%). In terms of maximum drawdown, GQRE dropped -41.87% vs BITI's -92.16%.
On 3-year performance, GQRE leads with 10.80% vs -31.71% for BITI. On fees, GQRE is cheaper at 0.45% per year. On volatility, GQRE has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GQRE has performed better with a 10.80% return vs -31.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GQRE is cheaper with a 0.45% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.59%, compared with 4.13% for GQRE.
GQRE is categorized as REIT, while BITI is Cryptocurrency. GQRE tracks Northern Trust Global Quality Real Estate (NR), while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Northern Trust and ProShares. Their fees differ too: 0.45% for GQRE and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.47 vs 1.36), 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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