HTUS vs. BITI
HTUS (Hull Tactical US ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - HTUS is a Long-Short fund actively managed by Exchange Traded Concepts, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. HTUS is actively managed, while BITI is passively managed. Over the past 3 years, HTUS returned 20.19%/yr vs -31.54%/yr for BITI. At a correlation of -0.32, they often move in opposite directions. HTUS charges 0.97%/yr vs 1.03%/yr for BITI.
Performance
HTUS vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, HTUS achieves a 11.27% return, which is significantly lower than BITI's 23.84% return.
HTUS
- 1D
- 0.32%
- 1M
- 1.37%
- 6M
- 10.68%
- YTD
- 11.27%
- 1Y
- 22.51%
- 3Y*
- 20.19%
- 5Y*
- 14.71%
- 10Y*
- 12.44%
BITI
- 1D
- -3.81%
- 1M
- -2.41%
- 6M
- 34.02%
- YTD
- 23.84%
- 1Y
- 64.31%
- 3Y*
- -31.54%
- 5Y*
- —
- 10Y*
- —
HTUS vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HTUS Hull Tactical US ETF | 11.27% | 16.57% | 25.02% | 30.11% | 7.87% |
BITI ProShares Short Bitcoin ETF | 23.84% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between HTUS 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 | -0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.32 |
The correlation between HTUS and BITI shifts across timeframes, from -0.48 (1 year) to -0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HTUS vs. BITI — Risk / Return Rank
HTUS
BITI
HTUS vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hull Tactical US ETF (HTUS) 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.
| HTUS | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.56 | +0.05 |
| Martin ratioReturn relative to average drawdown | 12.60 | 6.37 | +6.23 |
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Drawdowns
HTUS vs. BITI - Drawdown Comparison
The maximum HTUS drawdown since its inception was -47.50%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for HTUS and BITI.
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Drawdown Indicators
| HTUS | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.50% | -92.16% | +44.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -25.28% | +16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -24.41% | -84.63% | +60.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.50% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -86.48% | +85.88% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -68.36% | +64.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 10.13% | -8.34% |
Volatility
HTUS vs. BITI - Volatility Comparison
The current volatility for Hull Tactical US ETF (HTUS) is 3.19%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.73%. This indicates that HTUS 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
| HTUS | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 11.73% | -8.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 34.49% | -24.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 44.24% | -32.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 52.29% | -33.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.50% | 52.29% | -30.79% |
HTUS vs. BITI - Expense Ratio Comparison
HTUS has a 0.97% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
HTUS vs. BITI - Dividend Comparison
HTUS's dividend yield for the trailing twelve months is around 10.69%, less than BITI's 15.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.70% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HTUS Hull Tactical US ETF | 10.69% | 11.89% | 17.80% | 1.18% | 5.63% | 7.20% | 3.77% | 0.92% | 8.69% | 8.29% | 3.02% |
Frequently Asked Questions
HTUS 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 (11.73%) compared to HTUS (3.19%). In terms of maximum drawdown, HTUS dropped -47.50% vs BITI's -92.16%.
On 3-year performance, HTUS leads with 20.19% vs -31.54% for BITI. On fees, HTUS is cheaper at 0.97% per year. On volatility, HTUS has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HTUS has performed better with a 20.19% return vs -31.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HTUS is cheaper with a 0.97% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.70%, compared with 10.69% for HTUS.
HTUS is categorized as Long-Short, while BITI is Cryptocurrency. They also come from different issuers: Exchange Traded Concepts and ProShares. Their fees differ too: 0.97% for HTUS and 1.03% for BITI.
HTUS currently has the higher Sharpe Ratio (1.88 vs 1.46), 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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