JUNZ vs. BITI

Last updated Jul 14, 2026

JUNZ (TrueShares Structured Outcome (June) ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - JUNZ is a Defined Outcome fund tracking the S&P 500 Price Return Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, JUNZ returned 14.49%/yr vs -30.65%/yr for BITI. At a correlation of -0.39, they often move in opposite directions. JUNZ charges 0.79%/yr vs 1.03%/yr for BITI.

Performance

JUNZ vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (June) ETF (JUNZ) 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, JUNZ achieves a 7.84% return, which is significantly lower than BITI's 28.75% return.

JUNZ

• 1D: -0.62%
• 1M: 0.77%
• 6M: 6.10%
• YTD: 7.84%
• 1Y: 16.10%
• 3Y*: 14.49%
• 5Y*: 9.24%
• 10Y*: —

BITI

• 1D: 2.65%
• 1M: 1.46%
• 6M: 34.68%
• YTD: 28.75%
• 1Y: 68.34%
• 3Y*: -30.65%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JUNZ vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JUNZ TrueShares Structured Outcome (June) ETF	7.84%	12.83%	17.32%	17.28%	4.43%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between JUNZ 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 JUNZ and BITI shifts across timeframes, from -0.49 (1 year) to -0.38 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

JUNZ vs. BITI — Risk / Return Rank

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

JUNZ

JUNZ Risk / Return Rank: 56
JUNZ Sharpe Ratio Rank: 58
JUNZ Sortino Ratio Rank: 58
JUNZ Omega Ratio Rank: 56
JUNZ Calmar Ratio Rank: 49
JUNZ Martin Ratio Rank: 60

BITI

BITI Risk / Return Rank: 57
BITI Sharpe Ratio Rank: 58
BITI Sortino Ratio Rank: 55
BITI Omega Ratio Rank: 50
BITI Calmar Ratio Rank: 68
BITI Martin Ratio Rank: 51

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.

JUNZ vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (June) ETF (JUNZ) 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.

	JUNZ	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.56	0.00
Sortino ratio: Return per unit of downside risk	2.20	2.13	+0.08
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	1.96	2.72	-0.76
Martin ratio: Return relative to average drawdown	8.30	6.78	+1.52

JUNZ vs. BITI - Sharpe Ratio Comparison

The current JUNZ Sharpe Ratio is 1.56, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of JUNZ and BITI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JUNZ vs. BITI - Drawdown Comparison

The maximum JUNZ drawdown since its inception was -17.88%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for JUNZ and BITI.

Drawdown Indicators

	JUNZ	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-17.88%	-92.16%	+74.28%
Max Drawdown (1Y) Largest decline over 1 year	-8.27%	-25.28%	+17.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.06%	-84.63%	+70.57%
Max Drawdown (5Y) Largest decline over 5 years	-17.88%	—	—
Current Drawdown Current decline from peak	-0.93%	-85.94%	+85.01%
Average Drawdown Average peak-to-trough decline	-4.21%	-68.34%	+64.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	10.11%	-8.17%

Volatility

JUNZ vs. BITI - Volatility Comparison

The current volatility for TrueShares Structured Outcome (June) ETF (JUNZ) is 3.03%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that JUNZ 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.

Volatility by Period

	JUNZ	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	11.38%	-8.35%
Volatility (6M) Calculated over the trailing 6-month period	8.38%	34.25%	-25.87%
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	44.14%	-33.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.82%	52.28%	-40.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.72%	52.28%	-40.56%

JUNZ vs. BITI - Expense Ratio Comparison

JUNZ has a 0.79% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

JUNZ vs. BITI - Dividend Comparison

JUNZ's dividend yield for the trailing twelve months is around 2.13%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022	2021
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%	0.00%
JUNZ TrueShares Structured Outcome (June) ETF	2.13%	2.30%	3.97%	6.03%	0.56%	0.32%

Frequently Asked Questions

Can I hold both JUNZ and BITI in my portfolio?

JUNZ 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.

Which is riskier, JUNZ or BITI?

BITI has higher volatility (11.38%) compared to JUNZ (3.03%). In terms of maximum drawdown, JUNZ dropped -17.88% vs BITI's -92.16%.

Which ETF is better, JUNZ or BITI?

On 3-year performance, JUNZ leads with 14.49% vs -30.65% for BITI. On fees, JUNZ is cheaper at 0.79% per year. On volatility, JUNZ has been the lower-risk option at 3.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUNZ or BITI?

Over the 3-year period, JUNZ has performed better with a 14.49% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUNZ or BITI?

JUNZ is cheaper with a 0.79% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 2.13% for JUNZ.

What is the main difference between JUNZ and BITI?

JUNZ is categorized as Defined Outcome, while BITI is Cryptocurrency. JUNZ tracks S&P 500 Price Return Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: TrueShares and ProShares. Their fees differ too: 0.79% for JUNZ and 1.03% for BITI.

Which has better risk-adjusted returns?

JUNZ currently has the higher Sharpe Ratio (1.56 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.