GSEE vs. BITI
GSEE (Goldman Sachs MarketBeta Emerging Markets Equity ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - GSEE is a Emerging Markets Equities fund tracking the Solactive GBS Emerging Markets Large & Mid Cap Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, GSEE returned 18.94%/yr vs -32.35%/yr for BITI. Their -0.35 correlation means they have often moved in opposite directions in the past. GSEE charges 0.36%/yr vs 1.03%/yr for BITI.
Performance
GSEE vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GSEE achieves a 17.86% return, which is significantly lower than BITI's 25.22% return.
GSEE
- 1D
- 0.58%
- 1M
- -2.03%
- 6M
- 8.46%
- YTD
- 17.86%
- 1Y
- 34.63%
- 3Y*
- 18.94%
- 5Y*
- 7.08%
- 10Y*
- —
- ALL TIME*
- 12.32%
BITI
- 1D
- -1.48%
- 1M
- -4.03%
- 6M
- 13.09%
- YTD
- 25.22%
- 1Y
- 56.28%
- 3Y*
- -32.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.18M | $25.87M | $38.72M | |
| $246.11K | $164.63K | $181.97K |
GSEE vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 17.86% | 33.38% | 4.94% | 11.03% | -3.96% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between GSEE and BITI is -0.48, 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. | -0.48 |
Correlation (3Y) Balances recent behavior with more history. | -0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.35 |
The correlation between GSEE and BITI shifts across timeframes, from -0.48 (1 year) to -0.33 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GSEE vs. BITI — Risk / Return Rank
GSEE
BITI
GSEE vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) 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.
| GSEE | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.24 | +0.24 |
| Martin ratioReturn relative to average drawdown | 7.58 | 5.45 | +2.13 |
Loading charts...
Drawdowns
GSEE vs. BITI - Drawdown Comparison
The maximum GSEE drawdown since its inception was -37.51%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for GSEE and BITI.
Loading charts...
Drawdown Indicators
| GSEE | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.51% | -92.16% | +54.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.07% | -25.28% | +11.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.39% | -84.63% | +67.24% |
Max Drawdown (5Y)Largest decline over 5 years | -32.16% | — | — |
Current DrawdownCurrent decline from peak | -9.53% | -86.33% | +76.80% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -68.61% | +54.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 10.37% | -5.79% |
Volatility
GSEE vs. BITI - Volatility Comparison
Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) and ProShares Short Bitcoin ETF (BITI) have volatilities of 8.62% and 8.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GSEE | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.62% | 8.93% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 21.51% | 33.35% | -11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 44.25% | -20.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 52.01% | -32.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 52.01% | -32.98% |
GSEE vs. BITI - Expense Ratio Comparison
GSEE has a 0.36% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
GSEE vs. BITI - Dividend Comparison
GSEE's dividend yield for the trailing twelve months is around 2.15%, less than BITI's 21.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% |
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF | 2.15% | 2.53% | 2.79% | 3.07% | 3.05% | 6.10% | 2.41% |
Frequently Asked Questions
GSEE and BITI have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (8.93%) compared to GSEE (8.62%). In terms of maximum drawdown, GSEE dropped -37.51% vs BITI's -92.16%.
On 3-year performance, GSEE leads with 18.94% vs -32.35% for BITI. On fees, GSEE is cheaper at 0.36% per year. On volatility, GSEE has been the lower-risk option at 8.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSEE has performed better with a 18.94% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSEE is cheaper with a 0.36% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 21.80%, compared with 2.15% for GSEE.
GSEE is categorized as Emerging Markets Equities, while BITI is Cryptocurrency. GSEE tracks Solactive GBS Emerging Markets Large & Mid Cap Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Goldman Sachs and ProShares. Their fees differ too: 0.36% for GSEE and 1.03% for BITI.
GSEE currently has the higher Sharpe Ratio (1.47 vs 1.28), 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.
Find the right allocation for GSEE and BITI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer