LQDI vs. BITI
LQDI (iShares Inflation Hedged Corporate Bond ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - LQDI is a Inflation-Protected Bonds fund actively managed by iShares, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. LQDI is actively managed, while BITI is passively managed. Over the past 3 years, LQDI returned 5.10%/yr vs -31.62%/yr for BITI. At a correlation of -0.19, they often move in opposite directions. LQDI charges 0.18%/yr vs 1.03%/yr for BITI.
Performance
LQDI vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LQDI achieves a 0.57% return, which is significantly lower than BITI's 24.48% return.
LQDI
- 1D
- -0.08%
- 1M
- -1.13%
- 6M
- 0.06%
- YTD
- 0.57%
- 1Y
- 4.10%
- 3Y*
- 5.10%
- 5Y*
- 1.27%
- 10Y*
- —
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
LQDI vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LQDI iShares Inflation Hedged Corporate Bond ETF | 0.57% | 8.84% | 1.48% | 8.85% | -2.73% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between LQDI and BITI is -0.22, 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 | -0.22 |
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 | -0.19 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LQDI vs. BITI — Risk / Return Rank
LQDI
BITI
LQDI vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged Corporate Bond ETF (LQDI) 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.
| LQDI | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.57 | -1.14 |
| Martin ratioReturn relative to average drawdown | 4.10 | 6.38 | -2.27 |
Loading charts...
Drawdowns
LQDI vs. BITI - Drawdown Comparison
The maximum LQDI drawdown since its inception was -28.99%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for LQDI and BITI.
Loading charts...
Drawdown Indicators
| LQDI | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.99% | -92.16% | +63.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -25.28% | +22.40% |
Max Drawdown (3Y)Largest decline over 3 years | -6.27% | -84.63% | +78.36% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | — | — |
Current DrawdownCurrent decline from peak | -1.52% | -86.41% | +84.89% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -68.40% | +63.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 10.16% | -9.16% |
Volatility
LQDI vs. BITI - Volatility Comparison
The current volatility for iShares Inflation Hedged Corporate Bond ETF (LQDI) is 1.34%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that LQDI 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.
Loading charts...
Volatility by Period
| LQDI | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 10.76% | -9.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 34.28% | -30.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 44.15% | -39.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.14% | 52.24% | -44.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.77% | 52.24% | -41.47% |
LQDI vs. BITI - Expense Ratio Comparison
LQDI has a 0.18% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
LQDI vs. BITI - Dividend Comparison
LQDI's dividend yield for the trailing twelve months is around 4.64%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.62% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.64% | 4.46% | 4.65% | 3.98% | 3.27% | 2.42% | 2.34% | 3.26% | 2.53% |
Frequently Asked Questions
LQDI and BITI have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.76%) compared to LQDI (1.34%). In terms of maximum drawdown, LQDI dropped -28.99% vs BITI's -92.16%.
On 3-year performance, LQDI leads with 5.10% vs -31.62% for BITI. On fees, LQDI is cheaper at 0.18% per year. On volatility, LQDI has been the lower-risk option at 1.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, LQDI has performed better with a 5.10% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDI is cheaper with a 0.18% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.62%, compared with 4.64% for LQDI.
LQDI is categorized as Inflation-Protected Bonds, while BITI is Cryptocurrency. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.18% for LQDI and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.47 vs 0.84), 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.
Find the right allocation for LQDI and BITI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer