IXN vs. BITI
IXN (iShares Global Tech ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, IXN returned 28.76%/yr vs -31.77%/yr for BITI. Their -0.37 correlation means they have often moved in opposite directions in the past. IXN charges 0.46%/yr vs 1.03%/yr for BITI.
Performance
IXN vs. BITI - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with IXN having a 26.51% return and BITI slightly higher at 27.11%.
IXN
- 1D
- -0.21%
- 1M
- -2.80%
- 6M
- 24.00%
- YTD
- 26.51%
- 1Y
- 42.54%
- 3Y*
- 28.76%
- 5Y*
- 18.70%
- 10Y*
- 23.45%
- ALL TIME*
- 12.22%
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 | |
| $45.45M | $52.86M | $65.01M |
IXN vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 26.51% | 25.25% | 24.84% | 52.98% | -0.01% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between IXN and BITI is -0.47, 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. | -0.47 |
Correlation (3Y) Balances recent behavior with more history. | -0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.37 |
The correlation between IXN and BITI shifts across timeframes, from -0.47 (1 year) to -0.34 (3 years), reflecting how their relationship changes across market environments.
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
IXN vs. BITI — Risk / Return Rank
IXN
BITI
IXN vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.
| IXN | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.53 | -0.05 |
| Martin ratioReturn relative to average drawdown | 7.63 | 6.17 | +1.46 |
Loading charts...
Drawdowns
IXN vs. BITI - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for IXN and BITI.
Loading charts...
Drawdown Indicators
| IXN | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.67% | -92.16% | +36.49% |
Max Drawdown (1Y)Largest decline over 1 year | -16.09% | -25.28% | +9.19% |
Max Drawdown (3Y)Largest decline over 3 years | -25.55% | -84.63% | +59.08% |
Max Drawdown (5Y)Largest decline over 5 years | -36.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | — | — |
Current DrawdownCurrent decline from peak | -11.29% | -86.12% | +74.83% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -68.59% | +57.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 10.35% | -5.12% |
Volatility
IXN vs. BITI - Volatility Comparison
iShares Global Tech ETF (IXN) has a higher volatility of 10.37% compared to ProShares Short Bitcoin ETF (BITI) at 9.13%. This indicates that IXN'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.
Loading charts...
Volatility by Period
| IXN | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 9.13% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 23.76% | 33.31% | -9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.43% | 44.23% | -16.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.89% | 52.03% | -26.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.88% | 52.03% | -27.15% |
IXN vs. BITI - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
IXN vs. BITI - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.83%, 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% |
IXN iShares Global Tech ETF | 0.83% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
Frequently Asked Questions
IXN and BITI have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (10.37%) compared to BITI (9.13%). In terms of maximum drawdown, IXN dropped -55.67% vs BITI's -92.16%.
On 3-year performance, IXN leads with 28.76% vs -31.77% for BITI. On fees, IXN is cheaper at 0.46% per year. On volatility, BITI has been the lower-risk option at 9.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IXN has performed better with a 28.76% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXN is cheaper with a 0.46% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 0.83% for IXN.
IXN is categorized as Technology Equities, while BITI is Cryptocurrency. IXN tracks S&P Global Information Technology Sector Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.46% for IXN and 1.03% for BITI.
IXN currently has the higher Sharpe Ratio (1.46 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.
Find the right allocation for IXN 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