ROBO vs. BITI
ROBO (ROBO Global Robotics & Automation Index ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ROBO is a Robotics fund tracking the ROBO Global Robotics and Automation TR Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ROBO returned 11.27%/yr vs -30.65%/yr for BITI. At a correlation of -0.39, they often move in opposite directions. ROBO charges 0.95%/yr vs 1.03%/yr for BITI.
Performance
ROBO vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, ROBO achieves a 16.23% return, which is significantly lower than BITI's 28.75% return.
ROBO
- 1D
- -2.89%
- 1M
- -2.94%
- 6M
- 9.34%
- YTD
- 16.23%
- 1Y
- 33.63%
- 3Y*
- 11.27%
- 5Y*
- 4.68%
- 10Y*
- 12.35%
BITI
- 1D
- 2.65%
- 1M
- 1.46%
- 6M
- 34.68%
- YTD
- 28.75%
- 1Y
- 68.34%
- 3Y*
- -30.65%
- 5Y*
- —
- 10Y*
- —
ROBO vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ROBO ROBO Global Robotics & Automation Index ETF | 16.23% | 23.71% | -1.28% | 23.74% | 3.37% |
BITI ProShares Short Bitcoin ETF | 28.75% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between ROBO and BITI is -0.47, 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 | -0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.39 |
The correlation between ROBO and BITI shifts across timeframes, from -0.47 (1 year) to -0.36 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ROBO vs. BITI — Risk / Return Rank
ROBO
BITI
ROBO vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Robotics & Automation Index ETF (ROBO) 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.
| ROBO | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.72 | -0.77 |
| Martin ratioReturn relative to average drawdown | 6.77 | 6.78 | -0.01 |
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Drawdowns
ROBO vs. BITI - Drawdown Comparison
The maximum ROBO drawdown since its inception was -43.65%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ROBO and BITI.
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Drawdown Indicators
| ROBO | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -92.16% | +48.51% |
Max Drawdown (1Y)Largest decline over 1 year | -17.35% | -25.28% | +7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -27.92% | -84.63% | +56.71% |
Max Drawdown (5Y)Largest decline over 5 years | -43.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | — | — |
Current DrawdownCurrent decline from peak | -10.83% | -85.94% | +75.11% |
Average DrawdownAverage peak-to-trough decline | -12.88% | -68.34% | +55.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 10.11% | -5.13% |
Volatility
ROBO vs. BITI - Volatility Comparison
ROBO Global Robotics & Automation Index ETF (ROBO) and ProShares Short Bitcoin ETF (BITI) have volatilities of 11.25% and 11.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROBO | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 11.38% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 21.95% | 34.25% | -12.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.10% | 44.14% | -18.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.32% | 52.28% | -27.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.40% | 52.28% | -28.88% |
ROBO vs. BITI - Expense Ratio Comparison
ROBO has a 0.95% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ROBO vs. BITI - Dividend Comparison
ROBO's dividend yield for the trailing twelve months is around 0.36%, less than BITI's 15.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
ROBO ROBO Global Robotics & Automation Index ETF | 0.36% | 0.42% | 0.55% | 0.05% | 0.00% | 0.18% | 0.20% | 0.37% | 0.37% | 0.02% | 0.19% | 0.28% |
Frequently Asked Questions
ROBO and BITI have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (11.38%) compared to ROBO (11.25%). In terms of maximum drawdown, ROBO dropped -43.65% vs BITI's -92.16%.
On 3-year performance, ROBO leads with 11.27% vs -30.65% for BITI. On fees, ROBO is cheaper at 0.95% per year. On volatility, ROBO has been the lower-risk option at 11.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ROBO has performed better with a 11.27% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROBO is cheaper with a 0.95% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.10%, compared with 0.36% for ROBO.
ROBO is categorized as Robotics, while BITI is Cryptocurrency. ROBO tracks ROBO Global Robotics and Automation TR Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Exchange Traded Concepts and ProShares. Their fees differ too: 0.95% for ROBO and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.56 vs 1.30), 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.
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