ROKT vs. BITI
ROKT (SPDR S&P Kensho Final Frontiers ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ROKT is a Industrials Equities fund tracking the S&P Kensho Final Frontiers Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ROKT returned 36.99%/yr vs -30.65%/yr for BITI. At a correlation of -0.35, they often move in opposite directions. ROKT charges 0.45%/yr vs 1.03%/yr for BITI.
Performance
ROKT vs. BITI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ROKT having a 29.72% return and BITI slightly lower at 28.75%.
ROKT
- 1D
- -2.22%
- 1M
- -8.09%
- 6M
- 13.55%
- YTD
- 29.72%
- 1Y
- 67.32%
- 3Y*
- 36.99%
- 5Y*
- 22.41%
- 10Y*
- —
BITI
- 1D
- 2.65%
- 1M
- 1.46%
- 6M
- 34.68%
- YTD
- 28.75%
- 1Y
- 68.34%
- 3Y*
- -30.65%
- 5Y*
- —
- 10Y*
- —
ROKT vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ROKT SPDR S&P Kensho Final Frontiers ETF | 29.72% | 50.56% | 27.89% | 14.41% | 14.64% |
BITI ProShares Short Bitcoin ETF | 28.75% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between ROKT and BITI is -0.44, 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 | -0.44 |
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 | -0.35 |
The correlation between ROKT and BITI shifts across timeframes, from -0.44 (1 year) to -0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ROKT vs. BITI — Risk / Return Rank
ROKT
BITI
ROKT vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) 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.
| ROKT | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.72 | +0.79 |
| Martin ratioReturn relative to average drawdown | 11.94 | 6.78 | +5.17 |
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Drawdowns
ROKT vs. BITI - Drawdown Comparison
The maximum ROKT drawdown since its inception was -43.16%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ROKT and BITI.
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Drawdown Indicators
| ROKT | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.16% | -92.16% | +49.00% |
Max Drawdown (1Y)Largest decline over 1 year | -19.30% | -25.28% | +5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -84.63% | +61.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | — | — |
Current DrawdownCurrent decline from peak | -19.30% | -85.94% | +66.64% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -68.34% | +61.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.65% | 10.11% | -4.46% |
Volatility
ROKT vs. BITI - Volatility Comparison
SPDR S&P Kensho Final Frontiers ETF (ROKT) and ProShares Short Bitcoin ETF (BITI) have volatilities of 10.83% 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
| ROKT | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | 11.38% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 26.34% | 34.25% | -7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.74% | 44.14% | -12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.47% | 52.28% | -28.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.43% | 52.28% | -26.85% |
ROKT vs. BITI - Expense Ratio Comparison
ROKT has a 0.45% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ROKT vs. BITI - Dividend Comparison
ROKT's dividend yield for the trailing twelve months is around 0.28%, less than BITI's 15.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.10% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% |
ROKT SPDR S&P Kensho Final Frontiers ETF | 0.28% | 0.41% | 0.57% | 0.62% | 0.54% | 1.79% | 0.48% | 0.74% | 0.16% |
Frequently Asked Questions
ROKT and BITI have a correlation of -0.44, 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 ROKT (10.83%). In terms of maximum drawdown, ROKT dropped -43.16% vs BITI's -92.16%.
On 3-year performance, ROKT leads with 36.99% vs -30.65% for BITI. On fees, ROKT is cheaper at 0.45% per year. On volatility, ROKT has been the lower-risk option at 10.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ROKT has performed better with a 36.99% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROKT is cheaper with a 0.45% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.10%, compared with 0.28% for ROKT.
ROKT is categorized as Industrials Equities, while BITI is Cryptocurrency. ROKT tracks S&P Kensho Final Frontiers Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: State Street and ProShares. Their fees differ too: 0.45% for ROKT and 1.03% for BITI.
ROKT currently has the higher Sharpe Ratio (2.14 vs 1.56), 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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