ILCV vs. BITI
ILCV (iShares Morningstar Value ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ILCV is a Large Cap Value Equities fund tracking the Morningstar US Large-Mid Cap Broad Value Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ILCV returned 17.48%/yr vs -31.77%/yr for BITI. Their -0.33 correlation means they have often moved in opposite directions in the past. ILCV charges 0.04%/yr vs 1.03%/yr for BITI.
Performance
ILCV vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, ILCV achieves a 12.42% return, which is significantly lower than BITI's 27.11% return.
ILCV
- 1D
- 0.30%
- 1M
- 2.03%
- 6M
- 10.11%
- YTD
- 12.42%
- 1Y
- 29.26%
- 3Y*
- 17.48%
- 5Y*
- 12.42%
- 10Y*
- 11.90%
- ALL TIME*
- 8.73%
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 | |
| $1.89M | $2.26M | $2.59M |
ILCV vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ILCV iShares Morningstar Value ETF | 12.42% | 18.79% | 17.03% | 14.43% | 9.73% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between ILCV 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. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.33 |
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Return for Risk
ILCV vs. BITI — Risk / Return Rank
ILCV
BITI
ILCV vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Value ETF (ILCV) 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.
| ILCV | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.24 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 2.53 | +1.68 |
| Martin ratioReturn relative to average drawdown | 17.65 | 6.17 | +11.48 |
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Drawdowns
ILCV vs. BITI - Drawdown Comparison
The maximum ILCV drawdown since its inception was -58.63%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ILCV and BITI.
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Drawdown Indicators
| ILCV | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.63% | -92.16% | +33.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -25.28% | +18.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.95% | -84.63% | +69.68% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.53% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -86.12% | +86.12% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -68.59% | +59.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 10.35% | -8.79% |
Volatility
ILCV vs. BITI - Volatility Comparison
The current volatility for iShares Morningstar Value ETF (ILCV) is 2.91%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that ILCV 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
| ILCV | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 9.13% | -6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.33% | 33.31% | -25.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 44.23% | -34.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 52.03% | -37.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 52.03% | -35.40% |
ILCV vs. BITI - Expense Ratio Comparison
ILCV has a 0.04% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ILCV vs. BITI - Dividend Comparison
ILCV's dividend yield for the trailing twelve months is around 1.55%, 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% |
ILCV iShares Morningstar Value ETF | 1.55% | 1.77% | 1.99% | 2.27% | 2.32% | 2.01% | 2.96% | 2.70% | 2.93% | 2.32% | 2.76% | 3.01% |
Frequently Asked Questions
ILCV 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 (9.13%) compared to ILCV (2.91%). In terms of maximum drawdown, ILCV dropped -58.63% vs BITI's -92.16%.
On 3-year performance, ILCV leads with 17.48% vs -31.77% for BITI. On fees, ILCV is cheaper at 0.04% per year. On volatility, ILCV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ILCV has performed better with a 17.48% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILCV is cheaper with a 0.04% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 1.55% for ILCV.
ILCV is categorized as Large Cap Value Equities, while BITI is Cryptocurrency. ILCV tracks Morningstar US Large-Mid Cap Broad Value Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.04% for ILCV and 1.03% for BITI.
ILCV currently has the higher Sharpe Ratio (2.75 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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