IYY vs. BITI
IYY (iShares Dow Jones U.S. ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - IYY is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, IYY returned 19.79%/yr vs -30.65%/yr for BITI. At a correlation of -0.39, they often move in opposite directions. IYY charges 0.20%/yr vs 1.03%/yr for BITI.
Performance
IYY vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, IYY achieves a 10.56% return, which is significantly lower than BITI's 28.75% return.
IYY
- 1D
- -0.74%
- 1M
- 1.26%
- 6M
- 8.32%
- YTD
- 10.56%
- 1Y
- 21.06%
- 3Y*
- 19.79%
- 5Y*
- 12.12%
- 10Y*
- 14.63%
BITI
- 1D
- 2.65%
- 1M
- 1.46%
- 6M
- 34.68%
- YTD
- 28.75%
- 1Y
- 68.34%
- 3Y*
- -30.65%
- 5Y*
- —
- 10Y*
- —
IYY vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IYY iShares Dow Jones U.S. ETF | 10.56% | 17.08% | 24.15% | 26.48% | 5.13% |
BITI ProShares Short Bitcoin ETF | 28.75% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between IYY and BITI is -0.49, 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 | -0.49 |
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 | -0.39 |
The correlation between IYY and BITI shifts across timeframes, from -0.49 (1 year) to -0.38 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IYY vs. BITI — Risk / Return Rank
IYY
BITI
IYY vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones U.S. ETF (IYY) 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.
| IYY | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.72 | -0.35 |
| Martin ratioReturn relative to average drawdown | 10.27 | 6.78 | +3.49 |
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Drawdowns
IYY vs. BITI - Drawdown Comparison
The maximum IYY drawdown since its inception was -55.17%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for IYY and BITI.
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Drawdown Indicators
| IYY | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.17% | -92.16% | +36.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -25.28% | +16.34% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -84.63% | +65.57% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.90% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -85.94% | +84.89% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -68.34% | +57.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 10.11% | -8.05% |
Volatility
IYY vs. BITI - Volatility Comparison
The current volatility for iShares Dow Jones U.S. ETF (IYY) is 4.09%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that IYY 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
| IYY | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 11.38% | -7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 34.25% | -24.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 44.14% | -31.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 52.28% | -35.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 52.28% | -34.13% |
IYY vs. BITI - Expense Ratio Comparison
IYY has a 0.20% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
IYY vs. BITI - Dividend Comparison
IYY's dividend yield for the trailing twelve months is around 0.87%, less than BITI's 15.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.10% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYY iShares Dow Jones U.S. ETF | 0.87% | 0.95% | 1.05% | 1.29% | 1.48% | 1.04% | 1.31% | 1.80% | 1.97% | 1.62% | 1.81% | 1.97% |
Frequently Asked Questions
IYY and BITI have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (11.38%) compared to IYY (4.09%). In terms of maximum drawdown, IYY dropped -55.17% vs BITI's -92.16%.
On 3-year performance, IYY leads with 19.79% vs -30.65% for BITI. On fees, IYY is cheaper at 0.20% per year. On volatility, IYY has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IYY has performed better with a 19.79% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYY is cheaper with a 0.20% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.10%, compared with 0.87% for IYY.
IYY is categorized as Large Cap Blend Equities, while BITI is Cryptocurrency. IYY tracks Dow Jones U.S. Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for IYY and 1.03% for BITI.
IYY currently has the higher Sharpe Ratio (1.67 vs 1.56), 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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