KRYP vs. BITI

Last updated Jun 30, 2026

KRYP (ProShares CoinDesk 20 Crypto ETF) and BITI (ProShares Shrt Bitcoin ETF) are both Cryptocurrency funds from ProShares - KRYP tracks the CoinDesk 20 Index while BITI tracks the Bloomberg Bitcoin Index (-100%). Both are passively managed. At a correlation of -0.93, they often move in opposite directions.

Performance

KRYP vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares CoinDesk 20 Crypto ETF (KRYP) and ProShares Shrt Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KRYP

• 1D: 1.58%
• 1M: -17.92%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: -0.98%
• 1M: 20.05%
• YTD: 33.11%
• 6M: 32.54%
• 1Y: 57.36%
• 3Y*: -29.70%
• 5Y*: —
• 10Y*: —

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

KRYP vs. BITI - Yearly Performance Comparison

	2026 (YTD)
KRYP ProShares CoinDesk 20 Crypto ETF	-28.15%
BITI ProShares Shrt Bitcoin ETF	17.75%

Correlation

The correlation between KRYP and BITI is -0.93, 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 Feb 4, 2026	-0.93

Return for Risk

KRYP vs. BITI — Risk / Return Rank

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

KRYP

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

BITI

BITI Risk / Return Rank: 42
BITI Sharpe Ratio Rank: 41
BITI Sortino Ratio Rank: 40
BITI Omega Ratio Rank: 37
BITI Calmar Ratio Rank: 54
BITI Martin Ratio Rank: 38

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.

KRYP vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares CoinDesk 20 Crypto ETF (KRYP) and ProShares Shrt 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.

	KRYP	BITI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.31	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.28	—
Martin ratio: Return relative to average drawdown	—	5.25	—

Drawdowns

KRYP vs. BITI - Drawdown Comparison

The maximum KRYP drawdown since its inception was -30.90%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for KRYP and BITI.

Drawdown Indicators

	KRYP	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-30.90%	-92.16%	+61.26%
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	-28.15%	-85.47%	+57.32%
Average Drawdown Average peak-to-trough decline	-11.52%	-68.19%	+56.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.95%	—

Volatility

Volatility by Period

	KRYP	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.05%	44.23%	+5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.05%	52.40%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.05%	52.40%	-2.35%

Dividends

KRYP vs. BITI - Dividend Comparison

KRYP's dividend yield for the trailing twelve months is around 0.08%, less than BITI's 8.87% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Shrt Bitcoin ETF	8.87%	1.60%	3.91%	3.33%	0.06%
KRYP ProShares CoinDesk 20 Crypto ETF	0.08%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KRYP and BITI in my portfolio?

KRYP and BITI have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

BITI has the higher dividend yield at 8.87%, compared with 0.08% for KRYP.

What is the main difference between KRYP and BITI?

KRYP tracks CoinDesk 20 Index, while BITI tracks Bloomberg Bitcoin Index (-100%).