MOTG vs. BITI
MOTG (VanEck Morningstar Global Wide Moat ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - MOTG is a Global Equities fund tracking the Morningstar Global Wide Moat Focus Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, MOTG returned 11.38%/yr vs -31.71%/yr for BITI. At a correlation of -0.36, they often move in opposite directions. MOTG charges 0.52%/yr vs 1.03%/yr for BITI.
Performance
MOTG vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, MOTG achieves a -0.10% return, which is significantly lower than BITI's 24.73% return.
MOTG
- 1D
- -0.74%
- 1M
- 1.96%
- 6M
- -4.26%
- YTD
- -0.10%
- 1Y
- 6.43%
- 3Y*
- 11.38%
- 5Y*
- 6.72%
- 10Y*
- —
BITI
- 1D
- 0.20%
- 1M
- -0.52%
- 6M
- 36.51%
- YTD
- 24.73%
- 1Y
- 64.56%
- 3Y*
- -31.71%
- 5Y*
- —
- 10Y*
- —
MOTG vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MOTG VanEck Morningstar Global Wide Moat ETF | -0.10% | 26.06% | 9.31% | 11.00% | 6.80% |
BITI ProShares Short Bitcoin ETF | 24.73% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between MOTG and BITI is -0.44, 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 | -0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.36 |
The correlation between MOTG and BITI shifts across timeframes, from -0.44 (1 year) to -0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MOTG vs. BITI — Risk / Return Rank
MOTG
BITI
MOTG vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat ETF (MOTG) 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.
| MOTG | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 2.57 | -2.05 |
| Martin ratioReturn relative to average drawdown | 1.48 | 6.36 | -4.88 |
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Drawdowns
MOTG vs. BITI - Drawdown Comparison
The maximum MOTG drawdown since its inception was -31.82%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for MOTG and BITI.
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Drawdown Indicators
| MOTG | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.82% | -92.16% | +60.34% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -25.28% | +12.72% |
Max Drawdown (3Y)Largest decline over 3 years | -15.31% | -84.63% | +69.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.29% | — | — |
Current DrawdownCurrent decline from peak | -5.57% | -86.38% | +80.81% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -68.42% | +63.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 10.18% | -5.83% |
Volatility
MOTG vs. BITI - Volatility Comparison
The current volatility for VanEck Morningstar Global Wide Moat ETF (MOTG) is 3.12%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.69%. This indicates that MOTG 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
| MOTG | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 10.69% | -7.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 34.09% | -22.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 44.07% | -29.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.91% | 52.21% | -36.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 52.21% | -34.43% |
MOTG vs. BITI - Expense Ratio Comparison
MOTG has a 0.52% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
MOTG vs. BITI - Dividend Comparison
MOTG's dividend yield for the trailing twelve months is around 17.77%, more 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% |
MOTG VanEck Morningstar Global Wide Moat ETF | 17.77% | 17.75% | 5.60% | 1.86% | 3.64% | 5.88% | 2.96% | 3.91% | 0.45% |
Frequently Asked Questions
MOTG and BITI have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.69%) compared to MOTG (3.12%). In terms of maximum drawdown, MOTG dropped -31.82% vs BITI's -92.16%.
On 3-year performance, MOTG leads with 11.38% vs -31.71% for BITI. On fees, MOTG is cheaper at 0.52% per year. On volatility, MOTG has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MOTG has performed better with a 11.38% return vs -31.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOTG is cheaper with a 0.52% expense ratio, compared with 1.03% for BITI.
MOTG has the higher dividend yield at 17.77%, compared with 15.59% for BITI.
MOTG is categorized as Global Equities, while BITI is Cryptocurrency. MOTG tracks Morningstar Global Wide Moat Focus Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: VanEck and ProShares. Their fees differ too: 0.52% for MOTG and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.47 vs 0.46), 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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