RPG vs. BITI

Last updated Jul 14, 2026

RPG (Invesco S&P 500 Pure Growth ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - RPG is a Large Cap Growth Equities fund tracking the S&P 500/Citigroup Pure Growth Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, RPG returned 24.71%/yr vs -30.65%/yr for BITI. At a correlation of -0.37, they often move in opposite directions. RPG charges 0.35%/yr vs 1.03%/yr for BITI.

Performance

RPG vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Pure Growth ETF (RPG) 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, RPG achieves a 26.05% return, which is significantly lower than BITI's 28.75% return.

RPG

• 1D: -3.18%
• 1M: -3.30%
• 6M: 20.83%
• YTD: 26.05%
• 1Y: 28.01%
• 3Y*: 24.71%
• 5Y*: 10.20%
• 10Y*: 14.02%

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)

RPG vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RPG Invesco S&P 500 Pure Growth ETF	26.05%	13.41%	28.23%	8.04%	6.61%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between RPG and BITI is -0.45, 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	-0.45
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	-0.37

Return for Risk

RPG vs. BITI — Risk / Return Rank

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

RPG

RPG Risk / Return Rank: 50
RPG Sharpe Ratio Rank: 42
RPG Sortino Ratio Rank: 40
RPG Omega Ratio Rank: 42
RPG Calmar Ratio Rank: 64
RPG Martin Ratio Rank: 63

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.

RPG vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Pure Growth ETF (RPG) 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.

	RPG	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.56	-0.36
Sortino ratio: Return per unit of downside risk	1.70	2.13	-0.42
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	2.54	2.72	-0.18
Martin ratio: Return relative to average drawdown	8.91	6.78	+2.14

RPG vs. BITI - Sharpe Ratio Comparison

The current RPG Sharpe Ratio is 1.20, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of RPG 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

RPG vs. BITI - Drawdown Comparison

The maximum RPG drawdown since its inception was -53.27%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for RPG and BITI.

Drawdown Indicators

	RPG	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-53.27%	-92.16%	+38.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-25.28%	+14.20%
Max Drawdown (3Y) Largest decline over 3 years	-24.75%	-84.63%	+59.88%
Max Drawdown (5Y) Largest decline over 5 years	-35.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.58%	—	—
Current Drawdown Current decline from peak	-7.92%	-85.94%	+78.02%
Average Drawdown Average peak-to-trough decline	-8.82%	-68.34%	+59.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	10.11%	-6.96%

Volatility

RPG vs. BITI - Volatility Comparison

Invesco S&P 500 Pure Growth ETF (RPG) has a higher volatility of 12.38% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that RPG'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

	RPG	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.38%	11.38%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	20.52%	34.25%	-13.73%
Volatility (1Y) Calculated over the trailing 1-year period	23.48%	44.14%	-20.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.14%	52.28%	-28.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.01%	52.28%	-29.27%

RPG vs. BITI - Expense Ratio Comparison

RPG has a 0.35% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

RPG vs. BITI - Dividend Comparison

RPG's dividend yield for the trailing twelve months is around 0.16%, 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%
RPG Invesco S&P 500 Pure Growth ETF	0.16%	0.24%	0.25%	1.44%	0.74%	0.00%	0.46%	0.83%	0.47%	0.56%	0.43%	0.73%

Frequently Asked Questions

Can I hold both RPG and BITI in my portfolio?

RPG and BITI have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPG or BITI?

RPG has higher volatility (12.38%) compared to BITI (11.38%). In terms of maximum drawdown, RPG dropped -53.27% vs BITI's -92.16%.

Which ETF is better, RPG or BITI?

On 3-year performance, RPG leads with 24.71% vs -30.65% for BITI. On fees, RPG is cheaper at 0.35% per year. On volatility, BITI has been the lower-risk option at 11.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPG or BITI?

Over the 3-year period, RPG has performed better with a 24.71% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPG or BITI?

RPG is cheaper with a 0.35% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 0.16% for RPG.

What is the main difference between RPG and BITI?

RPG is categorized as Large Cap Growth Equities, while BITI is Cryptocurrency. RPG tracks S&P 500/Citigroup Pure Growth Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.35% for RPG and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs 1.20), 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.