GTEK vs. BITI

Last updated Jul 14, 2026

GTEK (Goldman Sachs Future Tech Leaders Equity ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - GTEK is a Technology Equities fund actively managed by Goldman Sachs, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. GTEK is actively managed, while BITI is passively managed. Over the past 3 years, GTEK returned 29.45%/yr vs -30.65%/yr for BITI. At a correlation of -0.39, they often move in opposite directions. GTEK charges 0.75%/yr vs 1.03%/yr for BITI.

Performance

GTEK vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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, GTEK achieves a 42.08% return, which is significantly higher than BITI's 28.75% return.

GTEK

• 1D: -4.38%
• 1M: -3.33%
• 6M: 34.40%
• YTD: 42.08%
• 1Y: 59.49%
• 3Y*: 29.45%
• 5Y*: —
• 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)

GTEK vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GTEK Goldman Sachs Future Tech Leaders Equity ETF	42.08%	23.68%	15.94%	33.58%	-8.35%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between GTEK and BITI is -0.48, 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	-0.48
Correlation (3Y) Calculated over the trailing 3-year period	-0.37
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.39

The correlation between GTEK and BITI shifts across timeframes, from -0.48 (1 year) to -0.37 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GTEK vs. BITI — Risk / Return Rank

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

GTEK

GTEK Risk / Return Rank: 81
GTEK Sharpe Ratio Rank: 80
GTEK Sortino Ratio Rank: 71
GTEK Omega Ratio Rank: 71
GTEK Calmar Ratio Rank: 94
GTEK Martin Ratio Rank: 90

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.

GTEK vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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.

	GTEK	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.56	+0.46
Sortino ratio: Return per unit of downside risk	2.56	2.13	+0.43
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.08
Calmar ratio: Return relative to maximum drawdown	5.37	2.72	+2.65
Martin ratio: Return relative to average drawdown	15.79	6.78	+9.02

GTEK vs. BITI - Sharpe Ratio Comparison

The current GTEK Sharpe Ratio is 2.01, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of GTEK 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

GTEK vs. BITI - Drawdown Comparison

The maximum GTEK drawdown since its inception was -53.77%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for GTEK and BITI.

Drawdown Indicators

	GTEK	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-53.77%	-92.16%	+38.39%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-25.28%	+14.15%
Max Drawdown (3Y) Largest decline over 3 years	-27.49%	-84.63%	+57.14%
Current Drawdown Current decline from peak	-9.70%	-85.94%	+76.24%
Average Drawdown Average peak-to-trough decline	-26.99%	-68.34%	+41.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	10.11%	-6.33%

Volatility

GTEK vs. BITI - Volatility Comparison

Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has a higher volatility of 12.78% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that GTEK'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

	GTEK	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.78%	11.38%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	26.10%	34.25%	-8.15%
Volatility (1Y) Calculated over the trailing 1-year period	29.74%	44.14%	-14.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.82%	52.28%	-23.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.82%	52.28%	-23.46%

GTEK vs. BITI - Expense Ratio Comparison

GTEK has a 0.75% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

GTEK vs. BITI - Dividend Comparison

GTEK has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.10%.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%

Frequently Asked Questions

Can I hold both GTEK and BITI in my portfolio?

GTEK 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.

Which is riskier, GTEK or BITI?

GTEK has higher volatility (12.78%) compared to BITI (11.38%). In terms of maximum drawdown, GTEK dropped -53.77% vs BITI's -92.16%.

Which ETF is better, GTEK or BITI?

On 3-year performance, GTEK leads with 29.45% vs -30.65% for BITI. On fees, GTEK is cheaper at 0.75% 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, GTEK or BITI?

Over the 3-year period, GTEK has performed better with a 29.45% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GTEK or BITI?

GTEK is cheaper with a 0.75% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 0.00% for GTEK.

What is the main difference between GTEK and BITI?

GTEK is categorized as Technology Equities, while BITI is Cryptocurrency. They also come from different issuers: Goldman Sachs and ProShares. Their fees differ too: 0.75% for GTEK and 1.03% for BITI.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (2.01 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.