PSIL vs. BITI

Last updated Jul 17, 2026

PSIL (AdvisorShares Psychedelics ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - PSIL is a Health & Biotech Equities fund actively managed by AdvisorShares, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. PSIL is actively managed, while BITI is passively managed. Over the past 3 years, PSIL returned 10.87%/yr vs -31.62%/yr for BITI. At a correlation of -0.27, they often move in opposite directions. PSIL charges 1.00%/yr vs 1.03%/yr for BITI.

Performance

PSIL vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Psychedelics ETF (PSIL) 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, PSIL achieves a 41.35% return, which is significantly higher than BITI's 24.48% return.

PSIL

• 1D: 3.09%
• 1M: 23.98%
• 6M: 40.74%
• YTD: 41.35%
• 1Y: 75.30%
• 3Y*: 10.87%
• 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)

PSIL vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PSIL AdvisorShares Psychedelics ETF	41.35%	74.55%	-19.50%	-25.12%	-28.83%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between PSIL and BITI is -0.27, 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	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	-0.25
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.27

Return for Risk

PSIL vs. BITI — Risk / Return Rank

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

PSIL

PSIL Risk / Return Rank: 67
PSIL Sharpe Ratio Rank: 71
PSIL Sortino Ratio Rank: 66
PSIL Omega Ratio Rank: 59
PSIL Calmar Ratio Rank: 85
PSIL Martin Ratio Rank: 56

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.

PSIL vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Psychedelics ETF (PSIL) 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.

	PSIL	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.47	+0.36
Sortino ratio: Return per unit of downside risk	2.42	2.04	+0.38
Omega ratio: Gain probability vs. loss probability	1.29	1.25	+0.04
Calmar ratio: Return relative to maximum drawdown	3.71	2.57	+1.14
Martin ratio: Return relative to average drawdown	7.70	6.38	+1.32

PSIL vs. BITI - Sharpe Ratio Comparison

The current PSIL Sharpe Ratio is 1.83, which is comparable to the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of PSIL 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

PSIL vs. BITI - Drawdown Comparison

The maximum PSIL drawdown since its inception was -92.72%, roughly equal to the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for PSIL and BITI.

Drawdown Indicators

	PSIL	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-92.72%	-92.16%	-0.56%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-25.28%	+4.90%
Max Drawdown (3Y) Largest decline over 3 years	-64.45%	-84.63%	+20.18%
Current Drawdown Current decline from peak	-72.51%	-86.41%	+13.90%
Average Drawdown Average peak-to-trough decline	-76.67%	-68.40%	-8.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.81%	10.16%	-0.35%

Volatility

PSIL vs. BITI - Volatility Comparison

AdvisorShares Psychedelics ETF (PSIL) has a higher volatility of 12.66% compared to ProShares Short Bitcoin ETF (BITI) at 10.76%. This indicates that PSIL'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

	PSIL	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.66%	10.76%	+1.90%
Volatility (6M) Calculated over the trailing 6-month period	29.71%	34.28%	-4.57%
Volatility (1Y) Calculated over the trailing 1-year period	41.43%	44.15%	-2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.79%	52.24%	+10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.79%	52.24%	+10.55%

PSIL vs. BITI - Expense Ratio Comparison

PSIL has a 1.00% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

PSIL vs. BITI - Dividend Comparison

PSIL's dividend yield for the trailing twelve months is around 7.02%, 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%
PSIL AdvisorShares Psychedelics ETF	7.02%	10.95%	1.49%	0.24%	2.91%

Frequently Asked Questions

Can I hold both PSIL and BITI in my portfolio?

PSIL and BITI have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSIL or BITI?

PSIL has higher volatility (12.66%) compared to BITI (10.76%). In terms of maximum drawdown, PSIL dropped -92.72% vs BITI's -92.16%.

Which ETF is better, PSIL or BITI?

On 3-year performance, PSIL leads with 10.87% vs -31.62% for BITI. On fees, PSIL is cheaper at 1.00% per year. On volatility, BITI has been the lower-risk option at 10.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSIL or BITI?

Over the 3-year period, PSIL has performed better with a 10.87% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSIL or BITI?

PSIL is cheaper with a 1.00% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 7.02% for PSIL.

What is the main difference between PSIL and BITI?

PSIL is categorized as Health & Biotech Equities, while BITI is Cryptocurrency. They also come from different issuers: AdvisorShares and ProShares. Their fees differ too: 1.00% for PSIL and 1.03% for BITI.

Which has better risk-adjusted returns?

PSIL currently has the higher Sharpe Ratio (1.83 vs 1.47), 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.