QMOM vs. BITI

Last updated Jul 14, 2026

QMOM (Alpha Architect U.S. Quantitative Momentum ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - QMOM is a Momentum fund actively managed by Alpha Architect, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. QMOM is actively managed, while BITI is passively managed. Over the past 3 years, QMOM returned 17.72%/yr vs -30.65%/yr for BITI. At a correlation of -0.34, they often move in opposite directions. QMOM charges 0.28%/yr vs 1.03%/yr for BITI.

Performance

QMOM vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect U.S. Quantitative Momentum ETF (QMOM) 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, QMOM achieves a 14.85% return, which is significantly lower than BITI's 28.75% return.

QMOM

• 1D: -1.35%
• 1M: -5.21%
• 6M: 8.94%
• YTD: 14.85%
• 1Y: 20.78%
• 3Y*: 17.72%
• 5Y*: 10.18%
• 10Y*: 12.53%

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)

QMOM vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QMOM Alpha Architect U.S. Quantitative Momentum ETF	14.85%	2.36%	30.43%	9.50%	10.68%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between QMOM and BITI is -0.42, 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	-0.42
Correlation (3Y) Calculated over the trailing 3-year period	-0.33
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.34

Return for Risk

QMOM vs. BITI — Risk / Return Rank

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

QMOM

QMOM Risk / Return Rank: 34
QMOM Sharpe Ratio Rank: 29
QMOM Sortino Ratio Rank: 28
QMOM Omega Ratio Rank: 28
QMOM Calmar Ratio Rank: 40
QMOM Martin Ratio Rank: 44

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.

QMOM vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Momentum ETF (QMOM) 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.

	QMOM	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.56	-0.72
Sortino ratio: Return per unit of downside risk	1.27	2.13	-0.85
Omega ratio: Gain probability vs. loss probability	1.16	1.26	-0.09
Calmar ratio: Return relative to maximum drawdown	1.65	2.72	-1.07
Martin ratio: Return relative to average drawdown	5.63	6.78	-1.15

QMOM vs. BITI - Sharpe Ratio Comparison

The current QMOM Sharpe Ratio is 0.84, which is lower than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of QMOM 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

QMOM vs. BITI - Drawdown Comparison

The maximum QMOM drawdown since its inception was -39.13%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for QMOM and BITI.

Drawdown Indicators

	QMOM	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-39.13%	-92.16%	+53.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.65%	-25.28%	+12.63%
Max Drawdown (3Y) Largest decline over 3 years	-26.46%	-84.63%	+58.17%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.13%	—	—
Current Drawdown Current decline from peak	-8.20%	-85.94%	+77.74%
Average Drawdown Average peak-to-trough decline	-12.85%	-68.34%	+55.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	10.11%	-6.41%

Volatility

QMOM vs. BITI - Volatility Comparison

The current volatility for Alpha Architect U.S. Quantitative Momentum ETF (QMOM) is 8.10%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that QMOM 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.

Volatility by Period

	QMOM	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	11.38%	-3.28%
Volatility (6M) Calculated over the trailing 6-month period	21.44%	34.25%	-12.81%
Volatility (1Y) Calculated over the trailing 1-year period	25.00%	44.14%	-19.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.44%	52.28%	-27.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.65%	52.28%	-25.63%

QMOM vs. BITI - Expense Ratio Comparison

QMOM has a 0.28% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

QMOM vs. BITI - Dividend Comparison

QMOM's dividend yield for the trailing twelve months is around 0.47%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QMOM Alpha Architect U.S. Quantitative Momentum ETF	0.47%	0.54%	1.40%	0.87%	1.59%	0.12%	0.08%	0.01%	0.05%	0.13%	0.34%

Frequently Asked Questions

Can I hold both QMOM and BITI in my portfolio?

QMOM and BITI have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QMOM or BITI?

BITI has higher volatility (11.38%) compared to QMOM (8.10%). In terms of maximum drawdown, QMOM dropped -39.13% vs BITI's -92.16%.

Which ETF is better, QMOM or BITI?

On 3-year performance, QMOM leads with 17.72% vs -30.65% for BITI. On fees, QMOM is cheaper at 0.28% per year. On volatility, QMOM has been the lower-risk option at 8.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QMOM or BITI?

Over the 3-year period, QMOM has performed better with a 17.72% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QMOM or BITI?

QMOM is cheaper with a 0.28% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 0.47% for QMOM.

What is the main difference between QMOM and BITI?

QMOM is categorized as Momentum, while BITI is Cryptocurrency. They also come from different issuers: Alpha Architect and ProShares. Their fees differ too: 0.28% for QMOM and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs 0.84), 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.