KTEC vs. BITI
KTEC (KraneShares Hang Seng TECH Index ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - KTEC is a China Equities fund tracking the Hang Seng Tech Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, KTEC returned 0.64%/yr vs -31.77%/yr for BITI. Their -0.23 correlation means they have often moved in opposite directions in the past. KTEC charges 0.69%/yr vs 1.03%/yr for BITI.
Performance
KTEC vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, KTEC achieves a -12.58% return, which is significantly lower than BITI's 27.11% return.
KTEC
- 1D
- 0.81%
- 1M
- 10.40%
- 6M
- -14.54%
- YTD
- -12.58%
- 1Y
- -11.77%
- 3Y*
- 0.64%
- 5Y*
- -7.23%
- 10Y*
- —
- ALL TIME*
- -10.38%
BITI
- 1D
- 3.01%
- 1M
- -2.58%
- 6M
- 22.77%
- YTD
- 27.11%
- 1Y
- 58.64%
- 3Y*
- -31.77%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.10M | $26.49M | $38.71M | |
| $941.66K | $1.10M | $1.04M |
KTEC vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KTEC KraneShares Hang Seng TECH Index ETF | -12.58% | 21.01% | 16.13% | -10.41% | -8.66% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between KTEC and BITI is -0.35, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.23 |
The correlation between KTEC and BITI shifts across timeframes, from -0.35 (1 year) to -0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
KTEC vs. BITI — Risk / Return Rank
KTEC
BITI
KTEC vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) 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.
| KTEC | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.24 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 2.53 | -2.91 |
| Martin ratioReturn relative to average drawdown | -0.67 | 6.17 | -6.84 |
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Drawdowns
KTEC vs. BITI - Drawdown Comparison
The maximum KTEC drawdown since its inception was -66.90%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for KTEC and BITI.
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Drawdown Indicators
| KTEC | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.90% | -92.16% | +25.26% |
Max Drawdown (1Y)Largest decline over 1 year | -36.49% | -25.28% | -11.21% |
Max Drawdown (3Y)Largest decline over 3 years | -36.49% | -84.63% | +48.14% |
Max Drawdown (5Y)Largest decline over 5 years | -60.08% | — | — |
Current DrawdownCurrent decline from peak | -44.83% | -86.12% | +41.29% |
Average DrawdownAverage peak-to-trough decline | -44.05% | -68.59% | +24.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.47% | 10.35% | +10.12% |
Volatility
KTEC vs. BITI - Volatility Comparison
The current volatility for KraneShares Hang Seng TECH Index ETF (KTEC) is 7.27%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that KTEC 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
| KTEC | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 9.13% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | 33.31% | -12.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.20% | 44.23% | -16.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.63% | 52.03% | -9.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.75% | 52.03% | -9.28% |
KTEC vs. BITI - Expense Ratio Comparison
KTEC has a 0.69% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
KTEC vs. BITI - Dividend Comparison
KTEC's dividend yield for the trailing twelve months is around 3.84%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% |
KTEC KraneShares Hang Seng TECH Index ETF | 3.84% | 3.36% | 0.27% | 0.81% | 0.16% |
Frequently Asked Questions
KTEC and BITI have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (9.13%) compared to KTEC (7.27%). In terms of maximum drawdown, KTEC dropped -66.90% vs BITI's -92.16%.
On 3-year performance, KTEC leads with 0.64% vs -31.77% for BITI. On fees, KTEC is cheaper at 0.69% per year. On volatility, KTEC has been the lower-risk option at 7.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KTEC has performed better with a 0.64% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KTEC is cheaper with a 0.69% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 3.84% for KTEC.
KTEC is categorized as China Equities, while BITI is Cryptocurrency. KTEC tracks Hang Seng Tech Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: KraneShares and ProShares. Their fees differ too: 0.69% for KTEC and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.45 vs -0.49), 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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