IGM vs. BITI
IGM (iShares Expanded Tech Sector ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, IGM returned 33.72%/yr vs -32.35%/yr for BITI. Their -0.38 correlation means they have often moved in opposite directions in the past. IGM charges 0.39%/yr vs 1.03%/yr for BITI.
Performance
IGM vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, IGM achieves a 21.55% return, which is significantly lower than BITI's 25.22% return.
IGM
- 1D
- 2.20%
- 1M
- 0.03%
- 6M
- 20.71%
- YTD
- 21.55%
- 1Y
- 38.56%
- 3Y*
- 33.72%
- 5Y*
- 18.11%
- 10Y*
- 23.41%
- ALL TIME*
- 12.48%
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 | |
| $47.27M | $46.48M | $81.75M |
IGM vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 21.55% | 26.76% | 36.99% | 60.68% | -3.07% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between IGM 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. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.38 |
The correlation between IGM and BITI shifts across timeframes, from -0.48 (1 year) to -0.36 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGM vs. BITI — Risk / Return Rank
IGM
BITI
IGM vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.
| IGM | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.24 | +0.12 |
| Martin ratioReturn relative to average drawdown | 6.77 | 5.45 | +1.32 |
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Drawdowns
IGM vs. BITI - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for IGM and BITI.
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Drawdown Indicators
| IGM | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.59% | -92.16% | +26.57% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -25.28% | +8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -84.63% | +58.24% |
Max Drawdown (5Y)Largest decline over 5 years | -40.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.68% | — | — |
Current DrawdownCurrent decline from peak | -8.21% | -86.33% | +78.12% |
Average DrawdownAverage peak-to-trough decline | -15.18% | -68.61% | +53.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 10.37% | -4.66% |
Volatility
IGM vs. BITI - Volatility Comparison
The current volatility for iShares Expanded Tech Sector ETF (IGM) is 8.47%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 8.93%. This indicates that IGM 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
| IGM | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.47% | 8.93% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.36% | 33.35% | -12.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.40% | 44.25% | -19.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.36% | 52.01% | -25.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 52.01% | -27.16% |
IGM vs. BITI - Expense Ratio Comparison
IGM has a 0.39% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
IGM vs. BITI - Dividend Comparison
IGM's dividend yield for the trailing twelve months is around 0.14%, less than BITI's 21.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGM iShares Expanded Tech Sector ETF | 0.14% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
Frequently Asked Questions
IGM 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 IGM (8.47%). In terms of maximum drawdown, IGM dropped -65.59% vs BITI's -92.16%.
On 3-year performance, IGM leads with 33.72% vs -32.35% for BITI. On fees, IGM is cheaper at 0.39% per year. On volatility, IGM has been the lower-risk option at 8.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IGM has performed better with a 33.72% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGM is cheaper with a 0.39% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 21.80%, compared with 0.14% for IGM.
IGM is categorized as Technology Equities, while BITI is Cryptocurrency. IGM tracks S&P North American Expanded Technology Sector Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.39% for IGM and 1.03% for BITI.
IGM currently has the higher Sharpe Ratio (1.59 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.
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