NFLU vs. BITI

Last updated Jul 14, 2026

NFLU (T-REX 2X Long Netflix Daily Target ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - NFLU is a Leveraged Equities fund actively managed by REX Shares, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. NFLU is actively managed, while BITI is passively managed. Over the past year, NFLU returned -72.67% vs 68.34% for BITI. At a correlation of -0.23, they often move in opposite directions. NFLU charges 1.05%/yr vs 1.03%/yr for BITI.

Performance

NFLU vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long Netflix Daily Target ETF (NFLU) 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, NFLU achieves a -45.99% return, which is significantly lower than BITI's 28.75% return.

NFLU

• 1D: 1.39%
• 1M: -17.32%
• 6M: -40.55%
• YTD: -45.99%
• 1Y: -72.67%
• 3Y*: —
• 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)

NFLU vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NFLU T-REX 2X Long Netflix Daily Target ETF	-45.99%	-12.47%	50.22%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-33.77%

Correlation

The correlation between NFLU and BITI is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024	-0.23

Return for Risk

NFLU vs. BITI — Risk / Return Rank

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

NFLU

NFLU Risk / Return Rank: 1
NFLU Sharpe Ratio Rank: 1
NFLU Sortino Ratio Rank: 0
NFLU Omega Ratio Rank: 0
NFLU Calmar Ratio Rank: 1
NFLU Martin Ratio Rank: 1

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.

NFLU vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long Netflix Daily Target ETF (NFLU) 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.

	NFLU	BITI	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	1.56	-2.61
Sortino ratio: Return per unit of downside risk	-2.02	2.13	-4.14
Omega ratio: Gain probability vs. loss probability	0.75	1.26	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.96	2.72	-3.68
Martin ratio: Return relative to average drawdown	-1.51	6.78	-8.29

NFLU vs. BITI - Sharpe Ratio Comparison

The current NFLU Sharpe Ratio is -1.06, which is lower than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of NFLU 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

NFLU vs. BITI - Drawdown Comparison

The maximum NFLU drawdown since its inception was -77.98%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for NFLU and BITI.

Drawdown Indicators

	NFLU	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-77.98%	-92.16%	+14.18%
Max Drawdown (1Y) Largest decline over 1 year	-75.70%	-25.28%	-50.42%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-76.42%	-85.94%	+9.52%
Average Drawdown Average peak-to-trough decline	-30.55%	-68.34%	+37.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.98%	10.11%	+37.87%

Volatility

NFLU vs. BITI - Volatility Comparison

T-REX 2X Long Netflix Daily Target ETF (NFLU) has a higher volatility of 23.42% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that NFLU'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

	NFLU	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.42%	11.38%	+12.04%
Volatility (6M) Calculated over the trailing 6-month period	53.45%	34.25%	+19.20%
Volatility (1Y) Calculated over the trailing 1-year period	69.15%	44.14%	+25.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.34%	52.28%	+17.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.34%	52.28%	+17.06%

NFLU vs. BITI - Expense Ratio Comparison

NFLU has a 1.05% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

NFLU vs. BITI - Dividend Comparison

NFLU has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.10%.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
NFLU T-REX 2X Long Netflix Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NFLU and BITI in my portfolio?

NFLU and BITI have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFLU or BITI?

NFLU has higher volatility (23.42%) compared to BITI (11.38%). In terms of maximum drawdown, NFLU dropped -77.98% vs BITI's -92.16%.

Which ETF is better, NFLU or BITI?

On 1-year performance, BITI leads with 68.34% vs -72.67% for NFLU. On fees, BITI is cheaper at 1.03% 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, NFLU or BITI?

Over the 1-year period, BITI has performed better with a 68.34% return vs -72.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NFLU or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 1.05% for NFLU.

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

BITI has the higher dividend yield at 15.10%, compared with 0.00% for NFLU.

What is the main difference between NFLU and BITI?

NFLU is categorized as Leveraged Equities, while BITI is Cryptocurrency. They also come from different issuers: REX Shares and ProShares. Their fees differ too: 1.05% for NFLU and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs -1.06), 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.