PSC vs. BITI
PSC (Principal U.S. Small Cap Multi-Factor ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - PSC is a Small Cap Blend Equities fund tracking the Nasdaq US Small Cap Select Leaders TR Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, PSC returned 16.31%/yr vs -31.77%/yr for BITI. Their -0.38 correlation means they have often moved in opposite directions in the past. PSC charges 0.38%/yr vs 1.03%/yr for BITI.
Performance
PSC vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, PSC achieves a 18.31% return, which is significantly lower than BITI's 27.11% return.
PSC
- 1D
- -0.58%
- 1M
- -1.08%
- 6M
- 13.74%
- YTD
- 18.31%
- 1Y
- 31.90%
- 3Y*
- 16.31%
- 5Y*
- 9.51%
- 10Y*
- —
- ALL TIME*
- 11.86%
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 | |
| $6.70M | $7.59M | $7.79M |
PSC vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PSC Principal U.S. Small Cap Multi-Factor ETF | 18.31% | 13.41% | 12.38% | 18.51% | 6.55% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between PSC and BITI is -0.44, 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. | -0.44 |
Correlation (3Y) Balances recent behavior with more history. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.38 |
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Return for Risk
PSC vs. BITI — Risk / Return Rank
PSC
BITI
PSC vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal U.S. Small Cap Multi-Factor ETF (PSC) 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.
| PSC | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 2.53 | +0.44 |
| Martin ratioReturn relative to average drawdown | 10.41 | 6.17 | +4.24 |
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Drawdowns
PSC vs. BITI - Drawdown Comparison
The maximum PSC drawdown since its inception was -46.69%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for PSC and BITI.
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Drawdown Indicators
| PSC | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -92.16% | +45.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -25.28% | +15.33% |
Max Drawdown (3Y)Largest decline over 3 years | -23.49% | -84.63% | +61.14% |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | — | — |
Current DrawdownCurrent decline from peak | -2.78% | -86.12% | +83.34% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -68.59% | +60.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 10.35% | -7.51% |
Volatility
PSC vs. BITI - Volatility Comparison
The current volatility for Principal U.S. Small Cap Multi-Factor ETF (PSC) is 3.84%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that PSC 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.
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Volatility by Period
| PSC | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 9.13% | -5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 33.31% | -20.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 44.23% | -25.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 52.03% | -31.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.19% | 52.03% | -28.84% |
PSC vs. BITI - Expense Ratio Comparison
PSC has a 0.38% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
PSC vs. BITI - Dividend Comparison
PSC's dividend yield for the trailing twelve months is around 0.53%, less than BITI's 15.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSC Principal U.S. Small Cap Multi-Factor ETF | 0.53% | 0.67% | 0.75% | 0.73% | 1.92% | 1.45% | 1.25% | 1.47% | 1.30% | 0.95% | 0.35% |
Frequently Asked Questions
PSC and BITI have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (9.13%) compared to PSC (3.84%). In terms of maximum drawdown, PSC dropped -46.69% vs BITI's -92.16%.
On 3-year performance, PSC leads with 16.31% vs -31.77% for BITI. On fees, PSC is cheaper at 0.38% per year. On volatility, PSC has been the lower-risk option at 3.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PSC has performed better with a 16.31% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSC is cheaper with a 0.38% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 0.53% for PSC.
PSC is categorized as Small Cap Blend Equities, while BITI is Cryptocurrency. PSC tracks Nasdaq US Small Cap Select Leaders TR Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Principal and ProShares. Their fees differ too: 0.38% for PSC and 1.03% for BITI.
PSC currently has the higher Sharpe Ratio (1.58 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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