MSOX vs. BITI
MSOX (Advisorshares Msos 2x Daily ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - MSOX is a Leveraged Equities fund actively managed by AdvisorShares, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. MSOX is actively managed, while BITI is passively managed. Over the past 3 years, MSOX returned -66.81%/yr vs -31.77%/yr for BITI. Their -0.12 correlation means they have often moved in opposite directions in the past. MSOX charges 0.95%/yr vs 1.03%/yr for BITI.
Performance
MSOX vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, MSOX achieves a -49.55% return, which is significantly lower than BITI's 27.11% return.
MSOX
- 1D
- 0.44%
- 1M
- -27.56%
- 6M
- -30.25%
- YTD
- -49.55%
- 1Y
- -44.33%
- 3Y*
- -66.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -74.69%
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 | |
| $3.60M | $4.46M | $7.39M |
MSOX vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSOX Advisorshares Msos 2x Daily ETF | -49.55% | -51.20% | -87.32% | -39.26% | -76.29% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 10.69% |
Correlation
The correlation between MSOX and BITI is -0.23, 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. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2022 | -0.12 |
The correlation between MSOX and BITI shifts across timeframes, from -0.23 (1 year) to -0.10 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSOX vs. BITI — Risk / Return Rank
MSOX
BITI
MSOX vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) 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.
| MSOX | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 2.53 | -2.95 |
| Martin ratioReturn relative to average drawdown | -0.56 | 6.17 | -6.73 |
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Drawdowns
MSOX vs. BITI - Drawdown Comparison
The maximum MSOX drawdown since its inception was -99.75%, which is greater than BITI's maximum drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for MSOX and BITI.
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Drawdown Indicators
| MSOX | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.75% | -92.16% | -7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -84.89% | -25.28% | -59.61% |
Max Drawdown (3Y)Largest decline over 3 years | -98.83% | -84.63% | -14.20% |
Current DrawdownCurrent decline from peak | -99.67% | -86.12% | -13.55% |
Average DrawdownAverage peak-to-trough decline | -89.19% | -68.59% | -20.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.34% | 10.35% | +51.99% |
Volatility
MSOX vs. BITI - Volatility Comparison
Advisorshares Msos 2x Daily ETF (MSOX) has a higher volatility of 25.51% compared to ProShares Short Bitcoin ETF (BITI) at 9.13%. This indicates that MSOX'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
| MSOX | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.51% | 9.13% | +16.38% |
Volatility (6M)Calculated over the trailing 6-month period | 110.30% | 33.31% | +76.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 217.82% | 44.23% | +173.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 166.50% | 52.03% | +114.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 166.50% | 52.03% | +114.47% |
MSOX vs. BITI - Expense Ratio Comparison
MSOX has a 0.95% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
MSOX vs. BITI - Dividend Comparison
MSOX has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% |
MSOX Advisorshares Msos 2x Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSOX and BITI have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSOX has higher volatility (25.51%) compared to BITI (9.13%). In terms of maximum drawdown, MSOX dropped -99.75% vs BITI's -92.16%.
On 3-year performance, BITI leads with -31.77% vs -66.81% for MSOX. On fees, MSOX is cheaper at 0.95% per year. On volatility, BITI has been the lower-risk option at 9.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITI has performed better with a -31.77% return vs -66.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MSOX is cheaper with a 0.95% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 0.00% for MSOX.
MSOX is categorized as Leveraged Equities, while BITI is Cryptocurrency. They also come from different issuers: AdvisorShares and ProShares. Their fees differ too: 0.95% for MSOX and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.45 vs -0.16), 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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