MVFD vs. BITI

Last updated Jul 17, 2026

MVFD (Monarch Volume Factor Dividend Tree ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - MVFD is a Diversified Portfolio fund tracking the Monarch Volume Factor Dividend Tree Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past year, MVFD returned 19.00% vs 64.61% for BITI. At a correlation of -0.28, they often move in opposite directions. MVFD charges 1.19%/yr vs 1.03%/yr for BITI.

Performance

MVFD vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Volume Factor Dividend Tree ETF (MVFD) 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, MVFD achieves a 8.54% return, which is significantly lower than BITI's 24.48% return.

MVFD

• 1D: 0.79%
• 1M: 0.42%
• 6M: 0.56%
• YTD: 8.54%
• 1Y: 19.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: 1.13%
• 1M: 1.49%
• 6M: 35.86%
• YTD: 24.48%
• 1Y: 64.61%
• 3Y*: -31.62%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MVFD vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MVFD Monarch Volume Factor Dividend Tree ETF	8.54%	10.09%	5.47%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-37.96%

Correlation

The correlation between MVFD and BITI is -0.24, 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	-0.24
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	-0.28

Return for Risk

MVFD vs. BITI — Risk / Return Rank

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

MVFD

MVFD Risk / Return Rank: 45
MVFD Sharpe Ratio Rank: 44
MVFD Sortino Ratio Rank: 44
MVFD Omega Ratio Rank: 43
MVFD Calmar Ratio Rank: 51
MVFD Martin Ratio Rank: 45

BITI

BITI Risk / Return Rank: 52
BITI Sharpe Ratio Rank: 53
BITI Sortino Ratio Rank: 50
BITI Omega Ratio Rank: 46
BITI Calmar Ratio Rank: 64
BITI Martin Ratio Rank: 48

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.

MVFD vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Volume Factor Dividend Tree ETF (MVFD) 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.

	MVFD	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.47	-0.20
Sortino ratio: Return per unit of downside risk	1.85	2.04	-0.19
Omega ratio: Gain probability vs. loss probability	1.23	1.25	-0.02
Calmar ratio: Return relative to maximum drawdown	2.10	2.57	-0.47
Martin ratio: Return relative to average drawdown	5.89	6.38	-0.48

MVFD vs. BITI - Sharpe Ratio Comparison

The current MVFD Sharpe Ratio is 1.27, which is comparable to the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of MVFD 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

MVFD vs. BITI - Drawdown Comparison

The maximum MVFD drawdown since its inception was -19.07%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for MVFD and BITI.

Drawdown Indicators

	MVFD	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-19.07%	-92.16%	+73.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.08%	-25.28%	+16.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-2.73%	-86.41%	+83.68%
Average Drawdown Average peak-to-trough decline	-3.92%	-68.40%	+64.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	10.16%	-6.93%

Volatility

MVFD vs. BITI - Volatility Comparison

The current volatility for Monarch Volume Factor Dividend Tree ETF (MVFD) is 2.86%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that MVFD 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.

Volatility by Period

	MVFD	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	10.76%	-7.90%
Volatility (6M) Calculated over the trailing 6-month period	9.71%	34.28%	-24.57%
Volatility (1Y) Calculated over the trailing 1-year period	15.01%	44.15%	-29.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	52.24%	-35.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	52.24%	-35.42%

MVFD vs. BITI - Expense Ratio Comparison

MVFD has a 1.19% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

MVFD vs. BITI - Dividend Comparison

MVFD's dividend yield for the trailing twelve months is around 1.53%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%
MVFD Monarch Volume Factor Dividend Tree ETF	1.53%	1.34%	1.38%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MVFD and BITI in my portfolio?

MVFD and BITI have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVFD or BITI?

BITI has higher volatility (10.76%) compared to MVFD (2.86%). In terms of maximum drawdown, MVFD dropped -19.07% vs BITI's -92.16%.

Which ETF is better, MVFD or BITI?

On 1-year performance, BITI leads with 64.61% vs 19.00% for MVFD. On fees, BITI is cheaper at 1.03% per year. On volatility, MVFD has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MVFD or BITI?

Over the 1-year period, BITI has performed better with a 64.61% return vs 19.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MVFD or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 1.19% for MVFD.

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

BITI has the higher dividend yield at 15.62%, compared with 1.53% for MVFD.

What is the main difference between MVFD and BITI?

MVFD is categorized as Diversified Portfolio, while BITI is Cryptocurrency. MVFD tracks Monarch Volume Factor Dividend Tree Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Monarch and ProShares. Their fees differ too: 1.19% for MVFD and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.47 vs 1.27), 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.