JEDI vs. BITI

Last updated Jul 15, 2026

JEDI (Defiance Drone and Modern Warfare ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. At a correlation of -0.42, they often move in opposite directions. JEDI charges 0.69%/yr vs 1.03%/yr for BITI.

Performance

JEDI vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Drone and Modern Warfare ETF (JEDI) 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, JEDI achieves a 3.87% return, which is significantly lower than BITI's 23.84% return.

JEDI

• 1D: 2.56%
• 1M: -20.67%
• 6M: -13.86%
• YTD: 3.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

JEDI vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
JEDI Defiance Drone and Modern Warfare ETF	3.87%	-3.42%
BITI ProShares Short Bitcoin ETF	23.84%	20.99%

Correlation

The correlation between JEDI and BITI is -0.42, 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 (All Time) Calculated using the full available price history since Sep 26, 2025	-0.42

Return for Risk

JEDI vs. BITI — Risk / Return Rank

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

JEDI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

JEDI vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Drone and Modern Warfare ETF (JEDI) 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.

	JEDI	BITI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.46	—
Sortino ratio: Return per unit of downside risk	—	2.03	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.56	—
Martin ratio: Return relative to average drawdown	—	6.37	—

Drawdowns

JEDI vs. BITI - Drawdown Comparison

The maximum JEDI drawdown since its inception was -42.06%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for JEDI and BITI.

Drawdown Indicators

	JEDI	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-42.06%	-92.16%	+50.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-40.57%	-86.48%	+45.91%
Average Drawdown Average peak-to-trough decline	-12.02%	-68.36%	+56.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.13%	—

Volatility

Volatility by Period

	JEDI	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	52.09%	44.24%	+7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.09%	52.29%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.09%	52.29%	-0.20%

JEDI vs. BITI - Expense Ratio Comparison

JEDI has a 0.69% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

JEDI vs. BITI - Dividend Comparison

JEDI has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.70%.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.70%	1.60%	3.91%	3.33%	0.06%
JEDI Defiance Drone and Modern Warfare ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEDI and BITI in my portfolio?

JEDI and BITI have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEDI or BITI?

On fees, JEDI is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEDI or BITI?

JEDI is cheaper with a 0.69% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.70%, compared with 0.00% for JEDI.

What is the main difference between JEDI and BITI?

JEDI is categorized as Aerospace & Defense, while BITI is Cryptocurrency. JEDI tracks BITA Drone & Modern Warfare Select Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Defiance and ProShares. Their fees differ too: 0.69% for JEDI and 1.03% for BITI.