KSTR vs. BITI
KSTR (KraneShares SSE STAR Market 50 Index ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - KSTR is a China Equities fund tracking the SSE Science and Technology Innovation Board 50 Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, KSTR returned 24.92%/yr vs -30.65%/yr for BITI. At a correlation of -0.18, they often move in opposite directions. KSTR charges 0.89%/yr vs 1.03%/yr for BITI.
Performance
KSTR vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, KSTR achieves a 52.98% return, which is significantly higher than BITI's 28.75% return.
KSTR
- 1D
- -5.54%
- 1M
- 17.74%
- 6M
- 33.72%
- YTD
- 52.98%
- 1Y
- 108.49%
- 3Y*
- 24.92%
- 5Y*
- 1.09%
- 10Y*
- —
BITI
- 1D
- 2.65%
- 1M
- 1.46%
- 6M
- 34.68%
- YTD
- 28.75%
- 1Y
- 68.34%
- 3Y*
- -30.65%
- 5Y*
- —
- 10Y*
- —
KSTR vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KSTR KraneShares SSE STAR Market 50 Index ETF | 52.98% | 42.82% | 6.12% | -17.93% | -16.19% |
BITI ProShares Short Bitcoin ETF | 28.75% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between KSTR and BITI is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.18 |
The correlation between KSTR and BITI shifts across timeframes, from -0.29 (1 year) to -0.16 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
KSTR vs. BITI — Risk / Return Rank
KSTR
BITI
KSTR vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) 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.
| KSTR | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.26 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.16 | 2.72 | +3.45 |
| Martin ratioReturn relative to average drawdown | 14.79 | 6.78 | +8.02 |
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Drawdowns
KSTR vs. BITI - Drawdown Comparison
The maximum KSTR drawdown since its inception was -66.46%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for KSTR and BITI.
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Drawdown Indicators
| KSTR | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.46% | -92.16% | +25.70% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -25.28% | +7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -41.55% | -84.63% | +43.08% |
Max Drawdown (5Y)Largest decline over 5 years | -66.31% | — | — |
Current DrawdownCurrent decline from peak | -11.99% | -85.94% | +73.95% |
Average DrawdownAverage peak-to-trough decline | -38.15% | -68.34% | +30.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.36% | 10.11% | -2.75% |
Volatility
KSTR vs. BITI - Volatility Comparison
KraneShares SSE STAR Market 50 Index ETF (KSTR) has a higher volatility of 20.33% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that KSTR'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.
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Volatility by Period
| KSTR | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.33% | 11.38% | +8.95% |
Volatility (6M)Calculated over the trailing 6-month period | 33.29% | 34.25% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.01% | 44.14% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.31% | 52.28% | -12.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.44% | 52.28% | -13.84% |
KSTR vs. BITI - Expense Ratio Comparison
KSTR has a 0.89% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
KSTR vs. BITI - Dividend Comparison
KSTR has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.10% | 1.60% | 3.91% | 3.33% | 0.06% |
KSTR KraneShares SSE STAR Market 50 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KSTR and BITI have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KSTR has higher volatility (20.33%) compared to BITI (11.38%). In terms of maximum drawdown, KSTR dropped -66.46% vs BITI's -92.16%.
On 3-year performance, KSTR leads with 24.92% vs -30.65% for BITI. On fees, KSTR is cheaper at 0.89% per year. On volatility, BITI has been the lower-risk option at 11.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KSTR has performed better with a 24.92% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KSTR is cheaper with a 0.89% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.10%, compared with 0.00% for KSTR.
KSTR is categorized as China Equities, while BITI is Cryptocurrency. KSTR tracks SSE Science and Technology Innovation Board 50 Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: KraneShares and ProShares. Their fees differ too: 0.89% for KSTR and 1.03% for BITI.
KSTR currently has the higher Sharpe Ratio (2.67 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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