KURE vs. BITI
KURE (KraneShares MSCI All China Health Care Index ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - KURE is a China Equities fund tracking the MSCI China All Shares Health Care 10/40 Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, KURE returned -0.54%/yr vs -31.71%/yr for BITI. At a correlation of -0.20, they often move in opposite directions. KURE charges 0.65%/yr vs 1.03%/yr for BITI.
Performance
KURE vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, KURE achieves a -1.08% return, which is significantly lower than BITI's 24.73% return.
KURE
- 1D
- -5.41%
- 1M
- 15.77%
- 6M
- -10.53%
- YTD
- -1.08%
- 1Y
- -6.26%
- 3Y*
- -0.54%
- 5Y*
- -13.89%
- 10Y*
- —
BITI
- 1D
- 0.20%
- 1M
- -0.52%
- 6M
- 36.51%
- YTD
- 24.73%
- 1Y
- 64.56%
- 3Y*
- -31.71%
- 5Y*
- —
- 10Y*
- —
KURE vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | -1.08% | 24.87% | -17.83% | -17.70% | -1.47% |
BITI ProShares Short Bitcoin ETF | 24.73% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between KURE and BITI is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.20 |
The correlation between KURE and BITI shifts across timeframes, from -0.32 (1 year) to -0.17 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
KURE vs. BITI — Risk / Return Rank
KURE
BITI
KURE vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) 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.
| KURE | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.57 | -2.77 |
| Martin ratioReturn relative to average drawdown | -0.40 | 6.36 | -6.76 |
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Drawdowns
KURE vs. BITI - Drawdown Comparison
The maximum KURE drawdown since its inception was -68.53%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for KURE and BITI.
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Drawdown Indicators
| KURE | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.53% | -92.16% | +23.63% |
Max Drawdown (1Y)Largest decline over 1 year | -30.88% | -25.28% | -5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -84.63% | +50.58% |
Max Drawdown (5Y)Largest decline over 5 years | -66.18% | — | — |
Current DrawdownCurrent decline from peak | -56.92% | -86.38% | +29.46% |
Average DrawdownAverage peak-to-trough decline | -38.35% | -68.42% | +30.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 10.18% | +5.53% |
Volatility
KURE vs. BITI - Volatility Comparison
KraneShares MSCI All China Health Care Index ETF (KURE) has a higher volatility of 12.37% compared to ProShares Short Bitcoin ETF (BITI) at 10.69%. This indicates that KURE'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
| KURE | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.37% | 10.69% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 20.80% | 34.09% | -13.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.48% | 44.07% | -15.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.02% | 52.21% | -20.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.48% | 52.21% | -19.73% |
KURE vs. BITI - Expense Ratio Comparison
KURE has a 0.65% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
KURE vs. BITI - Dividend Comparison
KURE's dividend yield for the trailing twelve months is around 4.24%, less than BITI's 15.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.59% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
KURE KraneShares MSCI All China Health Care Index ETF | 4.24% | 4.19% | 1.29% | 0.65% | 0.05% | 14.12% | 0.00% | 0.25% | 0.21% |
Frequently Asked Questions
KURE and BITI have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KURE has higher volatility (12.37%) compared to BITI (10.69%). In terms of maximum drawdown, KURE dropped -68.53% vs BITI's -92.16%.
On 3-year performance, KURE leads with -0.54% vs -31.71% for BITI. On fees, KURE is cheaper at 0.65% per year. On volatility, BITI has been the lower-risk option at 10.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KURE has performed better with a -0.54% return vs -31.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KURE is cheaper with a 0.65% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.59%, compared with 4.24% for KURE.
KURE is categorized as China Equities, while BITI is Cryptocurrency. KURE tracks MSCI China All Shares Health Care 10/40 Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: CICC and ProShares. Their fees differ too: 0.65% for KURE and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.47 vs -0.22), 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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