RGTX vs. BITI

Last updated Aug 2, 2026

RGTX (Defiance Daily Target 2X Long RGTI ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - RGTX is a Leveraged Equities fund actively managed by Defiance, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. RGTX is actively managed, while BITI is passively managed. Over the past year, RGTX returned -75.10% vs 56.28% for BITI. Their -0.39 correlation means they have often moved in opposite directions in the past. RGTX charges 1.29%/yr vs 1.03%/yr for BITI.

Performance

RGTX vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long RGTI ETF (RGTX) 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, RGTX achieves a -79.79% return, which is significantly lower than BITI's 25.22% return.

RGTX

• 1D: 0.82%
• 1M: -37.77%
• 6M: -67.18%
• YTD: -79.79%
• 1Y: -75.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -37.85%

BITI

• 1D: -1.48%
• 1M: -4.03%
• 6M: 13.09%
• YTD: 25.22%
• 1Y: 56.28%
• 3Y*: -32.35%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -35.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITI ProShares Short Bitcoin ETF	$24.18M	$25.87M	$38.72M
RGTX Defiance Daily Target 2X Long RGTI ETF	$9.02M	$9.29M	$47.02M

RGTX vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
RGTX Defiance Daily Target 2X Long RGTI ETF	-79.79%	162.83%
BITI ProShares Short Bitcoin ETF	25.22%	-10.49%

Correlation

The correlation between RGTX 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 (All Time) Calculated using the full available price history since Apr 1, 2025	-0.39

Return for Risk

RGTX vs. BITI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RGTX

RGTX Risk / Return Rank: 9
RGTX Sharpe Ratio Rank: 6
RGTX Sortino Ratio Rank: 17
RGTX Omega Ratio Rank: 16
RGTX Calmar Ratio Rank: 3
RGTX Martin Ratio Rank: 5

BITI

BITI Risk / Return Rank: 51
BITI Sharpe Ratio Rank: 51
BITI Sortino Ratio Rank: 51
BITI Omega Ratio Rank: 47
BITI Calmar Ratio Rank: 62
BITI Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RGTX vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RGTI ETF (RGTX) 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.

	RGTX	BITI	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	1.28	-1.64
Sortino ratio: Return per unit of downside risk	0.53	1.86	-1.32
Omega ratio: Gain probability vs. loss probability	1.06	1.22	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.78	2.24	-3.02
Martin ratio: Return relative to average drawdown	-0.95	5.45	-6.40

RGTX vs. BITI - Sharpe Ratio Comparison

The current RGTX Sharpe Ratio is -0.36, which is lower than the BITI Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of RGTX 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

RGTX vs. BITI - Drawdown Comparison

The maximum RGTX drawdown since its inception was -98.34%, which is greater than BITI's maximum drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for RGTX and BITI.

Drawdown Indicators

	RGTX	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-98.34%	-92.16%	-6.18%
Max Drawdown (1Y) Largest decline over 1 year	-98.34%	-25.28%	-73.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-97.91%	-86.33%	-11.58%
Average Drawdown Average peak-to-trough decline	-59.82%	-68.61%	+8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	80.31%	10.37%	+69.94%

Volatility

RGTX vs. BITI - Volatility Comparison

Defiance Daily Target 2X Long RGTI ETF (RGTX) has a higher volatility of 53.99% compared to ProShares Short Bitcoin ETF (BITI) at 8.93%. This indicates that RGTX'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

	RGTX	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	53.99%	8.93%	+45.06%
Volatility (6M) Calculated over the trailing 6-month period	142.88%	33.35%	+109.53%
Volatility (1Y) Calculated over the trailing 1-year period	212.51%	44.25%	+168.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	219.94%	52.01%	+167.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	219.94%	52.01%	+167.93%

RGTX vs. BITI - Expense Ratio Comparison

RGTX has a 1.29% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

RGTX vs. BITI - Dividend Comparison

RGTX's dividend yield for the trailing twelve months is around 2.70%, less than BITI's 21.80% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	21.80%	1.60%	3.91%	3.33%	0.06%
RGTX Defiance Daily Target 2X Long RGTI ETF	2.70%	0.55%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RGTX and BITI in my portfolio?

RGTX 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.

Which is riskier, RGTX or BITI?

RGTX has higher volatility (53.99%) compared to BITI (8.93%). In terms of maximum drawdown, RGTX dropped -98.34% vs BITI's -92.16%.

Which ETF is better, RGTX or BITI?

On 1-year performance, BITI leads with 56.28% vs -75.10% for RGTX. On fees, BITI is cheaper at 1.03% per year. On volatility, BITI has been the lower-risk option at 8.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RGTX or BITI?

Over the 1-year period, BITI has performed better with a 56.28% return vs -75.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RGTX or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 1.29% for RGTX.

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

BITI has the higher dividend yield at 21.80%, compared with 2.70% for RGTX.

What is the main difference between RGTX and BITI?

RGTX is categorized as Leveraged Equities, while BITI is Cryptocurrency. They also come from different issuers: Defiance and ProShares. Their fees differ too: 1.29% for RGTX and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.28 vs -0.36), 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.