OAEM vs. BITI
OAEM (OneAscent Emerging Markets ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - OAEM is a Emerging Markets Equities fund actively managed by Oneascent, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. OAEM is actively managed, while BITI is passively managed. Over the past 3 years, OAEM returned 18.13%/yr vs -31.77%/yr for BITI. Their -0.33 correlation means they have often moved in opposite directions in the past. OAEM charges 1.25%/yr vs 1.03%/yr for BITI.
Performance
OAEM vs. BITI - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with OAEM having a 26.54% return and BITI slightly higher at 27.11%.
OAEM
- 1D
- 0.83%
- 1M
- -2.87%
- 6M
- 13.83%
- YTD
- 26.54%
- 1Y
- 43.91%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.43%
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 | |
| $452.20K | $547.88K | $1.41M |
OAEM vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OAEM OneAscent Emerging Markets ETF | 26.54% | 26.67% | 0.43% | 17.97% | 1.40% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 6.03% |
Correlation
The correlation between OAEM and BITI is -0.43, 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. | -0.43 |
Correlation (3Y) Balances recent behavior with more history. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | -0.33 |
The correlation between OAEM and BITI shifts across timeframes, from -0.43 (1 year) to -0.31 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
OAEM vs. BITI — Risk / Return Rank
OAEM
BITI
OAEM vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Emerging Markets ETF (OAEM) 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.
| OAEM | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.53 | +0.31 |
| Martin ratioReturn relative to average drawdown | 9.24 | 6.17 | +3.07 |
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Drawdowns
OAEM vs. BITI - Drawdown Comparison
The maximum OAEM drawdown since its inception was -17.05%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for OAEM and BITI.
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Drawdown Indicators
| OAEM | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -92.16% | +75.11% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -25.28% | +10.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.05% | -84.63% | +67.58% |
Current DrawdownCurrent decline from peak | -10.37% | -86.12% | +75.75% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -68.59% | +64.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 10.35% | -5.71% |
Volatility
OAEM vs. BITI - Volatility Comparison
OneAscent Emerging Markets ETF (OAEM) has a higher volatility of 10.55% compared to ProShares Short Bitcoin ETF (BITI) at 9.13%. This indicates that OAEM'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
| OAEM | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 9.13% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 25.40% | 33.31% | -7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.41% | 44.23% | -16.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 52.03% | -31.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.93% | 52.03% | -31.10% |
OAEM vs. BITI - Expense Ratio Comparison
OAEM has a 1.25% expense ratio, which is higher than BITI's 1.03% expense ratio.
Dividends
OAEM vs. BITI - Dividend Comparison
OAEM's dividend yield for the trailing twelve months is around 0.61%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% |
OAEM OneAscent Emerging Markets ETF | 0.61% | 0.77% | 0.91% | 1.63% | 0.04% |
Frequently Asked Questions
OAEM and BITI have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OAEM has higher volatility (10.55%) compared to BITI (9.13%). In terms of maximum drawdown, OAEM dropped -17.05% vs BITI's -92.16%.
On 3-year performance, OAEM leads with 18.13% vs -31.77% for BITI. On fees, BITI is cheaper at 1.03% 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, OAEM has performed better with a 18.13% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITI is cheaper with a 1.03% expense ratio, compared with 1.25% for OAEM.
BITI has the higher dividend yield at 15.17%, compared with 0.61% for OAEM.
OAEM is categorized as Emerging Markets Equities, while BITI is Cryptocurrency. They also come from different issuers: Oneascent and ProShares. Their fees differ too: 1.25% for OAEM and 1.03% for BITI.
OAEM currently has the higher Sharpe Ratio (1.57 vs 1.45), 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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