IRBO vs. BITI

Last updated Jul 15, 2026

IRBO (iShares Future AI & Tech ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - IRBO is a Robotics fund tracking the Morningstar Global Artificial Intelligence Select Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, IRBO returned 26.85%/yr vs -31.54%/yr for BITI. At a correlation of -0.42, they often move in opposite directions. IRBO charges 0.47%/yr vs 1.03%/yr for BITI.

Performance

IRBO vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future AI & Tech ETF (IRBO) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRBO achieves a 45.29% return, which is significantly higher than BITI's 23.84% return.

IRBO

• 1D: 0.45%
• 1M: -4.46%
• 6M: 37.55%
• YTD: 45.29%
• 1Y: 69.58%
• 3Y*: 26.85%
• 5Y*: 11.00%
• 10Y*: —

BITI

• 1D: -3.81%
• 1M: -2.41%
• 6M: 34.02%
• YTD: 23.84%
• 1Y: 64.31%
• 3Y*: -31.54%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IRBO vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IRBO iShares Future AI & Tech ETF	45.29%	29.97%	8.02%	36.37%	-2.98%
BITI ProShares Short Bitcoin ETF	23.84%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between IRBO and BITI is -0.46, 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	-0.46
Correlation (3Y) Calculated over the trailing 3-year period	-0.38
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.42

Return for Risk

IRBO vs. BITI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IRBO

IRBO Risk / Return Rank: 75
IRBO Sharpe Ratio Rank: 78
IRBO Sortino Ratio Rank: 66
IRBO Omega Ratio Rank: 68
IRBO Calmar Ratio Rank: 85
IRBO Martin Ratio Rank: 76

BITI

BITI Risk / Return Rank: 53
BITI Sharpe Ratio Rank: 53
BITI Sortino Ratio Rank: 51
BITI Omega Ratio Rank: 47
BITI Calmar Ratio Rank: 64
BITI Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IRBO vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future AI & Tech ETF (IRBO) 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.

	IRBO	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.46	+0.52
Sortino ratio: Return per unit of downside risk	2.40	2.03	+0.37
Omega ratio: Gain probability vs. loss probability	1.32	1.24	+0.08
Calmar ratio: Return relative to maximum drawdown	3.72	2.56	+1.16
Martin ratio: Return relative to average drawdown	11.17	6.37	+4.80

IRBO vs. BITI - Sharpe Ratio Comparison

The current IRBO Sharpe Ratio is 1.98, which is higher than the BITI Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of IRBO and BITI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IRBO vs. BITI - Drawdown Comparison

The maximum IRBO drawdown since its inception was -54.50%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for IRBO and BITI.

Drawdown Indicators

	IRBO	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-54.50%	-92.16%	+37.66%
Max Drawdown (1Y) Largest decline over 1 year	-18.81%	-25.28%	+6.47%
Max Drawdown (3Y) Largest decline over 3 years	-32.44%	-84.63%	+52.19%
Max Drawdown (5Y) Largest decline over 5 years	-50.53%	—	—
Current Drawdown Current decline from peak	-13.31%	-86.48%	+73.17%
Average Drawdown Average peak-to-trough decline	-19.69%	-68.36%	+48.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.25%	10.13%	-3.88%

Volatility

IRBO vs. BITI - Volatility Comparison

iShares Future AI & Tech ETF (IRBO) has a higher volatility of 14.21% compared to ProShares Short Bitcoin ETF (BITI) at 11.73%. This indicates that IRBO's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRBO	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.21%	11.73%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	31.21%	34.49%	-3.28%
Volatility (1Y) Calculated over the trailing 1-year period	35.31%	44.24%	-8.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.85%	52.29%	-22.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.40%	52.29%	-23.89%

IRBO vs. BITI - Expense Ratio Comparison

IRBO has a 0.47% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

IRBO vs. BITI - Dividend Comparison

IRBO's dividend yield for the trailing twelve months is around 0.06%, less than BITI's 15.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITI ProShares Short Bitcoin ETF	15.70%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%	0.00%	0.00%
IRBO iShares Future AI & Tech ETF	0.06%	0.00%	0.50%	0.88%	0.75%	2.41%	0.53%	0.69%	0.34%

Frequently Asked Questions

Can I hold both IRBO and BITI in my portfolio?

IRBO and BITI have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRBO or BITI?

IRBO has higher volatility (14.21%) compared to BITI (11.73%). In terms of maximum drawdown, IRBO dropped -54.50% vs BITI's -92.16%.

Which ETF is better, IRBO or BITI?

On 3-year performance, IRBO leads with 26.85% vs -31.54% for BITI. On fees, IRBO is cheaper at 0.47% per year. On volatility, BITI has been the lower-risk option at 11.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IRBO or BITI?

Over the 3-year period, IRBO has performed better with a 26.85% return vs -31.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IRBO or BITI?

IRBO is cheaper with a 0.47% expense ratio, compared with 1.03% for BITI.

Which ETF pays a higher dividend yield, IRBO or BITI?

BITI has the higher dividend yield at 15.70%, compared with 0.06% for IRBO.

What is the main difference between IRBO and BITI?

IRBO is categorized as Robotics, while BITI is Cryptocurrency. IRBO tracks Morningstar Global Artificial Intelligence Select Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.47% for IRBO and 1.03% for BITI.

Which has better risk-adjusted returns?

IRBO currently has the higher Sharpe Ratio (1.98 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.