NVII vs. BITI

Last updated Jul 17, 2026

NVII (REX NVIDIA Growth & Income ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - NVII is a Derivative Income fund actively managed by REX, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. NVII is actively managed, while BITI is passively managed. Over the past year, NVII returned 29.35% vs 64.61% for BITI. At a correlation of -0.33, they often move in opposite directions. NVII charges 0.99%/yr vs 1.03%/yr for BITI.

Performance

NVII vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX NVIDIA Growth & Income ETF (NVII) 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, NVII achieves a 13.29% return, which is significantly lower than BITI's 24.48% return.

NVII

• 1D: -1.83%
• 1M: 1.41%
• 6M: 11.95%
• YTD: 13.29%
• 1Y: 29.35%
• 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)

NVII vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
NVII REX NVIDIA Growth & Income ETF	13.29%	47.63%
BITI ProShares Short Bitcoin ETF	24.48%	21.77%

Correlation

The correlation between NVII and BITI is -0.32, 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	-0.32
Correlation (All Time) Calculated using the full available price history since May 28, 2025	-0.33

Return for Risk

NVII vs. BITI — Risk / Return Rank

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

NVII

NVII Risk / Return Rank: 30
NVII Sharpe Ratio Rank: 27
NVII Sortino Ratio Rank: 27
NVII Omega Ratio Rank: 27
NVII Calmar Ratio Rank: 37
NVII Martin Ratio Rank: 30

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.

NVII vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX NVIDIA Growth & Income ETF (NVII) 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.

	NVII	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.47	-0.66
Sortino ratio: Return per unit of downside risk	1.28	2.04	-0.76
Omega ratio: Gain probability vs. loss probability	1.16	1.25	-0.09
Calmar ratio: Return relative to maximum drawdown	1.59	2.57	-0.98
Martin ratio: Return relative to average drawdown	3.46	6.38	-2.92

NVII vs. BITI - Sharpe Ratio Comparison

The current NVII Sharpe Ratio is 0.81, which is lower than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of NVII 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

NVII vs. BITI - Drawdown Comparison

The maximum NVII drawdown since its inception was -18.56%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for NVII and BITI.

Drawdown Indicators

	NVII	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-18.56%	-92.16%	+73.60%
Max Drawdown (1Y) Largest decline over 1 year	-18.56%	-25.28%	+6.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-10.29%	-86.41%	+76.12%
Average Drawdown Average peak-to-trough decline	-6.23%	-68.40%	+62.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.51%	10.16%	-1.65%

Volatility

NVII vs. BITI - Volatility Comparison

REX NVIDIA Growth & Income ETF (NVII) and ProShares Short Bitcoin ETF (BITI) have volatilities of 10.42% and 10.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVII	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.42%	10.76%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	27.93%	34.28%	-6.35%
Volatility (1Y) Calculated over the trailing 1-year period	36.25%	44.15%	-7.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.52%	52.24%	-16.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.52%	52.24%	-16.72%

NVII vs. BITI - Expense Ratio Comparison

NVII has a 0.99% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

NVII vs. BITI - Dividend Comparison

NVII's dividend yield for the trailing twelve months is around 55.68%, more 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%
NVII REX NVIDIA Growth & Income ETF	55.68%	29.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVII and BITI in my portfolio?

NVII and BITI have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVII or BITI?

BITI has higher volatility (10.76%) compared to NVII (10.42%). In terms of maximum drawdown, NVII dropped -18.56% vs BITI's -92.16%.

Which ETF is better, NVII or BITI?

On 1-year performance, BITI leads with 64.61% vs 29.35% for NVII. On fees, NVII is cheaper at 0.99% per year. On volatility, NVII has been the lower-risk option at 10.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVII or BITI?

Over the 1-year period, BITI has performed better with a 64.61% return vs 29.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVII or BITI?

NVII is cheaper with a 0.99% expense ratio, compared with 1.03% for BITI.

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

NVII has the higher dividend yield at 55.68%, compared with 15.62% for BITI.

What is the main difference between NVII and BITI?

NVII is categorized as Derivative Income, while BITI is Cryptocurrency. They also come from different issuers: REX and ProShares. Their fees differ too: 0.99% for NVII and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.47 vs 0.81), 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.