ISHP vs. BITI
ISHP (First Trust S-Network Global E-Commerce ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ISHP is a Consumer Discretionary Equities fund tracking the S-Network Global E-Commerce Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ISHP returned 8.87%/yr vs -31.77%/yr for BITI. Their -0.35 correlation means they have often moved in opposite directions in the past. ISHP charges 0.60%/yr vs 1.03%/yr for BITI.
Performance
ISHP vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISHP achieves a -8.73% return, which is significantly lower than BITI's 27.11% return.
ISHP
- 1D
- -0.82%
- 1M
- 4.54%
- 6M
- -7.70%
- YTD
- -8.73%
- 1Y
- -8.31%
- 3Y*
- 8.87%
- 5Y*
- 2.04%
- 10Y*
- —
- ALL TIME*
- 7.29%
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 | |
| $7.11K | $5.31K | $3.27K |
ISHP vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ISHP First Trust S-Network Global E-Commerce ETF | -8.73% | 12.27% | 24.17% | 22.24% | 3.44% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between ISHP and BITI is -0.39, 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. | -0.39 |
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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISHP vs. BITI — Risk / Return Rank
ISHP
BITI
ISHP vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S-Network Global E-Commerce ETF (ISHP) 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.
| ISHP | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.24 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.53 | -2.93 |
| Martin ratioReturn relative to average drawdown | -0.70 | 6.17 | -6.87 |
Loading charts...
Drawdowns
ISHP vs. BITI - Drawdown Comparison
The maximum ISHP drawdown since its inception was -47.57%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ISHP and BITI.
Loading charts...
Drawdown Indicators
| ISHP | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.57% | -92.16% | +44.59% |
Max Drawdown (1Y)Largest decline over 1 year | -24.75% | -25.28% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -84.63% | +59.88% |
Max Drawdown (5Y)Largest decline over 5 years | -47.57% | — | — |
Current DrawdownCurrent decline from peak | -16.15% | -86.12% | +69.97% |
Average DrawdownAverage peak-to-trough decline | -12.76% | -68.59% | +55.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.89% | 10.35% | +3.54% |
Volatility
ISHP vs. BITI - Volatility Comparison
The current volatility for First Trust S-Network Global E-Commerce ETF (ISHP) is 5.32%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that ISHP 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.
Loading charts...
Volatility by Period
| ISHP | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 9.13% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 33.31% | -18.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 44.23% | -25.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.32% | 52.03% | -24.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.03% | 52.03% | -28.00% |
ISHP vs. BITI - Expense Ratio Comparison
ISHP has a 0.60% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ISHP vs. BITI - Dividend Comparison
ISHP's dividend yield for the trailing twelve months is around 1.14%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISHP First Trust S-Network Global E-Commerce ETF | 1.14% | 1.34% | 1.02% | 1.58% | 0.76% | 0.53% | 0.82% | 1.16% | 0.89% | 1.65% | 0.23% |
Frequently Asked Questions
ISHP and BITI have a correlation of -0.39, 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 ISHP (5.32%). In terms of maximum drawdown, ISHP dropped -47.57% vs BITI's -92.16%.
On 3-year performance, ISHP leads with 8.87% vs -31.77% for BITI. On fees, ISHP is cheaper at 0.60% per year. On volatility, ISHP has been the lower-risk option at 5.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ISHP has performed better with a 8.87% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISHP is cheaper with a 0.60% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 1.14% for ISHP.
ISHP is categorized as Consumer Discretionary Equities, while BITI is Cryptocurrency. ISHP tracks S-Network Global E-Commerce Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.60% for ISHP and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.45 vs -0.53), 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.
Find the right allocation for ISHP and BITI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer