QSML vs. BITI

Last updated Jul 17, 2026

QSML (Wisdomtree U.S. Smallcap Quality Growth Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - QSML is a Small Cap Growth Equities fund tracking the WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past year, QSML returned 28.32% vs 64.61% for BITI. At a correlation of -0.41, they often move in opposite directions. QSML charges 0.38%/yr vs 1.03%/yr for BITI.

Performance

QSML vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) 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, QSML achieves a 17.92% return, which is significantly lower than BITI's 24.48% return.

QSML

• 1D: 0.80%
• 1M: 6.09%
• 6M: 12.22%
• YTD: 17.92%
• 1Y: 28.32%
• 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)

QSML vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	17.92%	5.49%	9.93%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-64.51%

Correlation

The correlation between QSML and BITI is -0.39, 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	-0.39
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	-0.41

Return for Risk

QSML vs. BITI — Risk / Return Rank

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

QSML

QSML Risk / Return Rank: 63
QSML Sharpe Ratio Rank: 61
QSML Sortino Ratio Rank: 67
QSML Omega Ratio Rank: 56
QSML Calmar Ratio Rank: 66
QSML Martin Ratio Rank: 63

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.

QSML vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) 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.

	QSML	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.47	+0.16
Sortino ratio: Return per unit of downside risk	2.45	2.04	+0.41
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	2.65	2.57	+0.08
Martin ratio: Return relative to average drawdown	8.88	6.38	+2.51

QSML vs. BITI - Sharpe Ratio Comparison

The current QSML Sharpe Ratio is 1.63, which is comparable to the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of QSML 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

QSML vs. BITI - Drawdown Comparison

The maximum QSML drawdown since its inception was -28.54%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for QSML and BITI.

Drawdown Indicators

	QSML	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-28.54%	-92.16%	+63.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-25.28%	+14.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	0.00%	-86.41%	+86.41%
Average Drawdown Average peak-to-trough decline	-5.71%	-68.40%	+62.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	10.16%	-6.96%

Volatility

QSML vs. BITI - Volatility Comparison

The current volatility for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) is 4.18%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that QSML 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

	QSML	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	10.76%	-6.58%
Volatility (6M) Calculated over the trailing 6-month period	12.18%	34.28%	-22.10%
Volatility (1Y) Calculated over the trailing 1-year period	17.44%	44.15%	-26.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	52.24%	-31.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	52.24%	-31.60%

QSML vs. BITI - Expense Ratio Comparison

QSML has a 0.38% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

QSML vs. BITI - Dividend Comparison

QSML's dividend yield for the trailing twelve months is around 0.53%, 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%
QSML Wisdomtree U.S. Smallcap Quality Growth Fund	0.53%	0.62%	0.32%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QSML and BITI in my portfolio?

QSML and BITI have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QSML or BITI?

BITI has higher volatility (10.76%) compared to QSML (4.18%). In terms of maximum drawdown, QSML dropped -28.54% vs BITI's -92.16%.

Which ETF is better, QSML or BITI?

On 1-year performance, BITI leads with 64.61% vs 28.32% for QSML. On fees, QSML is cheaper at 0.38% per year. On volatility, QSML has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QSML or BITI?

Over the 1-year period, BITI has performed better with a 64.61% return vs 28.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QSML or BITI?

QSML is cheaper with a 0.38% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 0.53% for QSML.

What is the main difference between QSML and BITI?

QSML is categorized as Small Cap Growth Equities, while BITI is Cryptocurrency. QSML tracks WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.38% for QSML and 1.03% for BITI.

Which has better risk-adjusted returns?

QSML currently has the higher Sharpe Ratio (1.63 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.