IJS vs. BITI
IJS (iShares S&P SmallCap 600 Value ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - IJS is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, IJS returned 12.47%/yr vs -31.77%/yr for BITI. Their -0.34 correlation means they have often moved in opposite directions in the past. IJS charges 0.25%/yr vs 1.03%/yr for BITI.
Performance
IJS vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, IJS achieves a 20.25% return, which is significantly lower than BITI's 27.11% return.
IJS
- 1D
- 0.09%
- 1M
- 0.38%
- 6M
- 12.92%
- YTD
- 20.25%
- 1Y
- 39.43%
- 3Y*
- 12.47%
- 5Y*
- 7.91%
- 10Y*
- 10.17%
- ALL TIME*
- 9.94%
BITI
- 1D
- 3.01%
- 1M
- -2.58%
- 6M
- 22.77%
- YTD
- 27.11%
- 1Y
- 58.64%
- 3Y*
- -31.77%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.10M | $26.49M | $38.71M | |
| $28.19M | $29.28M | $50.29M |
IJS vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IJS iShares S&P SmallCap 600 Value ETF | 20.25% | 6.54% | 7.33% | 14.68% | 6.16% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between IJS and BITI is -0.32, 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. | -0.32 |
Correlation (3Y) Balances recent behavior with more history. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.34 |
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Return for Risk
IJS vs. BITI — Risk / Return Rank
IJS
BITI
IJS vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) 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.
| IJS | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.53 | +1.45 |
| Martin ratioReturn relative to average drawdown | 13.67 | 6.17 | +7.50 |
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Drawdowns
IJS vs. BITI - Drawdown Comparison
The maximum IJS drawdown since its inception was -60.11%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for IJS and BITI.
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Drawdown Indicators
| IJS | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.11% | -92.16% | +32.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -25.28% | +16.00% |
Max Drawdown (3Y)Largest decline over 3 years | -28.65% | -84.63% | +55.98% |
Max Drawdown (5Y)Largest decline over 5 years | -28.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.68% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -86.12% | +84.56% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -68.59% | +58.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 10.35% | -7.65% |
Volatility
IJS vs. BITI - Volatility Comparison
The current volatility for iShares S&P SmallCap 600 Value ETF (IJS) is 3.53%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that IJS 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
| IJS | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 9.13% | -5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 33.31% | -22.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 44.23% | -26.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 52.03% | -30.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 52.03% | -28.49% |
IJS vs. BITI - Expense Ratio Comparison
IJS has a 0.25% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
IJS vs. BITI - Dividend Comparison
IJS's dividend yield for the trailing twelve months is around 1.32%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IJS iShares S&P SmallCap 600 Value ETF | 1.32% | 1.62% | 1.78% | 1.42% | 1.46% | 1.52% | 1.00% | 1.66% | 1.75% | 1.41% | 1.22% | 1.59% |
Frequently Asked Questions
IJS and BITI have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (9.13%) compared to IJS (3.53%). In terms of maximum drawdown, IJS dropped -60.11% vs BITI's -92.16%.
On 3-year performance, IJS leads with 12.47% vs -31.77% for BITI. On fees, IJS is cheaper at 0.25% per year. On volatility, IJS has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IJS has performed better with a 12.47% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IJS is cheaper with a 0.25% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 1.32% for IJS.
IJS is categorized as Small Cap Value Equities, while BITI is Cryptocurrency. IJS tracks S&P SmallCap 600 Value Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.25% for IJS and 1.03% for BITI.
IJS currently has the higher Sharpe Ratio (2.09 vs 1.45), 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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