LITP vs. BITI

Last updated Jul 14, 2026

LITP (Sprott Lithium Miners ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - LITP is a Lithium & Battery Metals fund tracking the Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, LITP returned -13.35%/yr vs -30.65%/yr for BITI. At a correlation of -0.25, they often move in opposite directions. LITP charges 0.65%/yr vs 1.03%/yr for BITI.

Performance

LITP vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Lithium Miners ETF (LITP) 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, LITP achieves a -9.00% return, which is significantly lower than BITI's 28.75% return.

LITP

• 1D: -4.05%
• 1M: -27.46%
• 6M: -25.96%
• YTD: -9.00%
• 1Y: 77.65%
• 3Y*: -13.35%
• 5Y*: —
• 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)

LITP vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LITP Sprott Lithium Miners ETF	-9.00%	94.65%	-43.85%	-36.71%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-50.47%

Correlation

The correlation between LITP and BITI is -0.21, 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	-0.21
Correlation (3Y) Calculated over the trailing 3-year period	-0.25
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	-0.25

Return for Risk

LITP vs. BITI — Risk / Return Rank

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

LITP

LITP Risk / Return Rank: 46
LITP Sharpe Ratio Rank: 47
LITP Sortino Ratio Rank: 48
LITP Omega Ratio Rank: 43
LITP Calmar Ratio Rank: 49
LITP Martin Ratio Rank: 44

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.

LITP vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Lithium Miners ETF (LITP) 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.

	LITP	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.56	-0.26
Sortino ratio: Return per unit of downside risk	1.93	2.13	-0.19
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	1.97	2.72	-0.75
Martin ratio: Return relative to average drawdown	5.68	6.78	-1.10

LITP vs. BITI - Sharpe Ratio Comparison

The current LITP Sharpe Ratio is 1.30, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of LITP 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

LITP vs. BITI - Drawdown Comparison

The maximum LITP drawdown since its inception was -74.94%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for LITP and BITI.

Drawdown Indicators

	LITP	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-74.94%	-92.16%	+17.22%
Max Drawdown (1Y) Largest decline over 1 year	-39.65%	-25.28%	-14.37%
Max Drawdown (3Y) Largest decline over 3 years	-74.10%	-84.63%	+10.53%
Current Drawdown Current decline from peak	-39.65%	-85.94%	+46.29%
Average Drawdown Average peak-to-trough decline	-42.28%	-68.34%	+26.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.71%	10.11%	+3.60%

Volatility

LITP vs. BITI - Volatility Comparison

Sprott Lithium Miners ETF (LITP) has a higher volatility of 15.45% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that LITP'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.

Volatility by Period

	LITP	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.45%	11.38%	+4.07%
Volatility (6M) Calculated over the trailing 6-month period	41.45%	34.25%	+7.20%
Volatility (1Y) Calculated over the trailing 1-year period	60.00%	44.14%	+15.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.74%	52.28%	-4.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.74%	52.28%	-4.54%

LITP vs. BITI - Expense Ratio Comparison

LITP has a 0.65% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

LITP vs. BITI - Dividend Comparison

LITP's dividend yield for the trailing twelve months is around 8.14%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
LITP Sprott Lithium Miners ETF	8.14%	7.41%	6.55%	2.80%	0.00%

Frequently Asked Questions

Can I hold both LITP and BITI in my portfolio?

LITP and BITI have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LITP or BITI?

LITP has higher volatility (15.45%) compared to BITI (11.38%). In terms of maximum drawdown, LITP dropped -74.94% vs BITI's -92.16%.

Which ETF is better, LITP or BITI?

On 3-year performance, LITP leads with -13.35% vs -30.65% for BITI. On fees, LITP is cheaper at 0.65% 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.

Which ETF has performed better, LITP or BITI?

Over the 3-year period, LITP has performed better with a -13.35% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LITP or BITI?

LITP is cheaper with a 0.65% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 8.14% for LITP.

What is the main difference between LITP and BITI?

LITP is categorized as Lithium & Battery Metals, while BITI is Cryptocurrency. LITP tracks Nasdaq Sprott Lithium Miners Index - Benchmark TR Gross, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Sprott and ProShares. Their fees differ too: 0.65% for LITP and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs 1.30), 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.