RMIF vs. BITI

Last updated Jul 14, 2026

RMIF (LHA Risk-Managed Income ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - RMIF is a Multisector Bonds fund actively managed by Little Harbor Advisors, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. RMIF is actively managed, while BITI is passively managed. Over the past 3 years, RMIF returned 4.51%/yr vs -30.65%/yr for BITI. At a correlation of -0.29, they often move in opposite directions. RMIF charges 1.38%/yr vs 1.03%/yr for BITI.

Performance

RMIF vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Risk-Managed Income ETF (RMIF) 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, RMIF achieves a -0.73% return, which is significantly lower than BITI's 28.75% return.

RMIF

• 1D: -0.12%
• 1M: 0.00%
• 6M: -1.03%
• YTD: -0.73%
• 1Y: 2.19%
• 3Y*: 4.51%
• 5Y*: —
• 10Y*: —

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)

RMIF vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RMIF LHA Risk-Managed Income ETF	-0.73%	4.36%	7.00%	4.09%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-38.37%

Correlation

The correlation between RMIF and BITI is -0.40, 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	-0.40
Correlation (3Y) Calculated over the trailing 3-year period	-0.31
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023	-0.29

The correlation between RMIF and BITI shifts across timeframes, from -0.40 (1 year) to -0.29 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RMIF vs. BITI — Risk / Return Rank

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

RMIF

RMIF Risk / Return Rank: 26
RMIF Sharpe Ratio Rank: 28
RMIF Sortino Ratio Rank: 27
RMIF Omega Ratio Rank: 27
RMIF Calmar Ratio Rank: 24
RMIF Martin Ratio Rank: 23

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.

RMIF vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Risk-Managed Income ETF (RMIF) 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.

	RMIF	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.56	-0.72
Sortino ratio: Return per unit of downside risk	1.22	2.13	-0.91
Omega ratio: Gain probability vs. loss probability	1.16	1.26	-0.10
Calmar ratio: Return relative to maximum drawdown	0.93	2.72	-1.79
Martin ratio: Return relative to average drawdown	2.35	6.78	-4.43

RMIF vs. BITI - Sharpe Ratio Comparison

The current RMIF 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 RMIF 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

RMIF vs. BITI - Drawdown Comparison

The maximum RMIF drawdown since its inception was -3.01%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for RMIF and BITI.

Drawdown Indicators

	RMIF	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-3.01%	-92.16%	+89.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-25.28%	+22.91%
Max Drawdown (3Y) Largest decline over 3 years	-3.01%	-84.63%	+81.62%
Current Drawdown Current decline from peak	-1.19%	-85.94%	+84.75%
Average Drawdown Average peak-to-trough decline	-0.41%	-68.34%	+67.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	10.11%	-9.17%

Volatility

RMIF vs. BITI - Volatility Comparison

The current volatility for LHA Risk-Managed Income ETF (RMIF) is 0.51%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that RMIF 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

	RMIF	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	11.38%	-10.87%
Volatility (6M) Calculated over the trailing 6-month period	1.99%	34.25%	-32.26%
Volatility (1Y) Calculated over the trailing 1-year period	2.62%	44.14%	-41.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.57%	52.28%	-49.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.57%	52.28%	-49.71%

RMIF vs. BITI - Expense Ratio Comparison

RMIF has a 1.38% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

RMIF vs. BITI - Dividend Comparison

RMIF's dividend yield for the trailing twelve months is around 5.42%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
RMIF LHA Risk-Managed Income ETF	5.42%	5.70%	6.61%	3.70%	0.00%

Frequently Asked Questions

Can I hold both RMIF and BITI in my portfolio?

RMIF and BITI have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMIF or BITI?

BITI has higher volatility (11.38%) compared to RMIF (0.51%). In terms of maximum drawdown, RMIF dropped -3.01% vs BITI's -92.16%.

Which ETF is better, RMIF or BITI?

On 3-year performance, RMIF leads with 4.51% vs -30.65% for BITI. On fees, BITI is cheaper at 1.03% per year. On volatility, RMIF has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RMIF or BITI?

Over the 3-year period, RMIF has performed better with a 4.51% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RMIF or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 1.38% for RMIF.

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

BITI has the higher dividend yield at 15.10%, compared with 5.42% for RMIF.

What is the main difference between RMIF and BITI?

RMIF is categorized as Multisector Bonds, while BITI is Cryptocurrency. They also come from different issuers: Little Harbor Advisors and ProShares. Their fees differ too: 1.38% for RMIF 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.