IGV vs. BITI
IGV (iShares Expanded Tech-Software Sector ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, IGV returned 12.00%/yr vs -32.35%/yr for BITI. Their -0.35 correlation means they have often moved in opposite directions in the past. IGV charges 0.39%/yr vs 1.03%/yr for BITI.
Performance
IGV vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -7.81% return, which is significantly lower than BITI's 25.22% return.
IGV
- 1D
- 3.00%
- 1M
- 4.11%
- 6M
- 8.85%
- YTD
- -7.81%
- 1Y
- -10.30%
- 3Y*
- 12.00%
- 5Y*
- 3.63%
- 10Y*
- 16.04%
- ALL TIME*
- 9.49%
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 | |
| $1.47B | $1.27B | $1.69B |
IGV vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -7.81% | 5.56% | 23.41% | 58.56% | -2.46% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between IGV and BITI is -0.38, 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. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.35 |
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Return for Risk
IGV vs. BITI — Risk / Return Rank
IGV
BITI
IGV vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) 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.
| IGV | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.22 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.24 | -2.52 |
| Martin ratioReturn relative to average drawdown | -0.53 | 5.45 | -5.98 |
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Drawdowns
IGV vs. BITI - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for IGV and BITI.
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Drawdown Indicators
| IGV | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -92.16% | +28.71% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -25.28% | -11.33% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -84.63% | +48.02% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -17.28% | -86.33% | +69.05% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -68.61% | +54.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 10.37% | +9.01% |
Volatility
IGV vs. BITI - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 7.40%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 8.93%. This indicates that IGV 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
| IGV | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 8.93% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 25.09% | 33.35% | -8.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.25% | 44.25% | -15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.21% | 52.01% | -23.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 52.01% | -25.54% |
IGV vs. BITI - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
IGV vs. BITI - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, 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% |
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
Frequently Asked Questions
IGV and BITI have a correlation of -0.38, 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 IGV (7.40%). In terms of maximum drawdown, IGV dropped -63.45% vs BITI's -92.16%.
On 3-year performance, IGV leads with 12.00% vs -32.35% for BITI. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 7.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IGV has performed better with a 12.00% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGV 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 0.02% for IGV.
IGV is categorized as Technology Equities, while BITI is Cryptocurrency. IGV tracks S&P North American Expanded Technology Software Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.39% for IGV and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.28 vs -0.35), 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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