ISVBF vs. BITI
ISVBF (iShares MSCI China A UCITS ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ISVBF is a China Equities fund tracking the MSCI China A Inclusion Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ISVBF returned 7.64%/yr vs -31.71%/yr for BITI. At a correlation of -0.11, they often move in opposite directions. ISVBF charges 0.40%/yr vs 1.03%/yr for BITI.
Performance
ISVBF vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -11.22% return, which is significantly lower than BITI's 24.73% return.
ISVBF
- 1D
- -2.45%
- 1M
- -0.50%
- 6M
- -14.17%
- YTD
- -11.22%
- 1Y
- -4.49%
- 3Y*
- 7.64%
- 5Y*
- -5.86%
- 10Y*
- —
BITI
- 1D
- 0.20%
- 1M
- -0.52%
- 6M
- 36.51%
- YTD
- 24.73%
- 1Y
- 64.56%
- 3Y*
- -31.71%
- 5Y*
- —
- 10Y*
- —
ISVBF vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -11.22% | 30.64% | 18.96% | -9.28% | -10.78% |
BITI ProShares Short Bitcoin ETF | 24.73% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between ISVBF and BITI is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.11 |
The correlation between ISVBF and BITI shifts across timeframes, from -0.23 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISVBF vs. BITI — Risk / Return Rank
ISVBF
BITI
ISVBF vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) 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.
| ISVBF | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.57 | -2.75 |
| Martin ratioReturn relative to average drawdown | -0.42 | 6.36 | -6.79 |
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Drawdowns
ISVBF vs. BITI - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ISVBF and BITI.
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Drawdown Indicators
| ISVBF | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -92.16% | +38.38% |
Max Drawdown (1Y)Largest decline over 1 year | -24.14% | -25.28% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -84.63% | +60.49% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | — | — |
Current DrawdownCurrent decline from peak | -28.04% | -86.38% | +58.34% |
Average DrawdownAverage peak-to-trough decline | -32.63% | -68.42% | +35.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.62% | 10.18% | +0.44% |
Volatility
ISVBF vs. BITI - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (ISVBF) is 7.79%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.69%. This indicates that ISVBF 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
| ISVBF | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 10.69% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 27.11% | 34.09% | -6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.54% | 44.07% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.47% | 52.21% | -21.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.12% | 52.21% | -22.09% |
ISVBF vs. BITI - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ISVBF vs. BITI - Dividend Comparison
ISVBF has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.59% | 1.60% | 3.91% | 3.33% | 0.06% |
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISVBF and BITI have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.69%) compared to ISVBF (7.79%). In terms of maximum drawdown, ISVBF dropped -53.78% vs BITI's -92.16%.
On 3-year performance, ISVBF leads with 7.64% vs -31.71% for BITI. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 7.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ISVBF has performed better with a 7.64% return vs -31.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.59%, compared with 0.00% for ISVBF.
ISVBF is categorized as China Equities, while BITI is Cryptocurrency. ISVBF tracks MSCI China A Inclusion Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.40% for ISVBF and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.47 vs -0.14), 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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