RSPE vs. BITI

Last updated Jul 17, 2026

RSPE (Invesco ESG S&P 500 Equal Weight ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - RSPE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, RSPE returned 15.48%/yr vs -31.62%/yr for BITI. At a correlation of -0.34, they often move in opposite directions. RSPE charges 0.20%/yr vs 1.03%/yr for BITI.

Performance

RSPE vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco ESG S&P 500 Equal Weight ETF (RSPE) 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, RSPE achieves a 15.73% return, which is significantly lower than BITI's 24.48% return.

RSPE

• 1D: 0.78%
• 1M: 1.36%
• 6M: 11.14%
• YTD: 15.73%
• 1Y: 25.85%
• 3Y*: 15.48%
• 5Y*: —
• 10Y*: —

BITI

• 1D: 1.13%
• 1M: 1.49%
• 6M: 35.86%
• YTD: 24.48%
• 1Y: 64.61%
• 3Y*: -31.62%
• 5Y*: —
• 10Y*: —

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

RSPE vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RSPE Invesco ESG S&P 500 Equal Weight ETF	15.73%	14.58%	10.87%	13.97%	9.97%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between RSPE and BITI is -0.33, 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	-0.33
Correlation (3Y) Calculated over the trailing 3-year period	-0.31
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.34

Return for Risk

RSPE vs. BITI — Risk / Return Rank

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

RSPE

RSPE Risk / Return Rank: 78
RSPE Sharpe Ratio Rank: 80
RSPE Sortino Ratio Rank: 81
RSPE Omega Ratio Rank: 77
RSPE Calmar Ratio Rank: 72
RSPE Martin Ratio Rank: 78

BITI

BITI Risk / Return Rank: 52
BITI Sharpe Ratio Rank: 53
BITI Sortino Ratio Rank: 50
BITI Omega Ratio Rank: 46
BITI Calmar Ratio Rank: 64
BITI Martin Ratio Rank: 48

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.

RSPE vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG S&P 500 Equal Weight ETF (RSPE) 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.

	RSPE	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.47	+0.57
Sortino ratio: Return per unit of downside risk	2.91	2.04	+0.87
Omega ratio: Gain probability vs. loss probability	1.36	1.25	+0.11
Calmar ratio: Return relative to maximum drawdown	2.90	2.57	+0.33
Martin ratio: Return relative to average drawdown	11.49	6.38	+5.12

RSPE vs. BITI - Sharpe Ratio Comparison

The current RSPE Sharpe Ratio is 2.04, which is higher than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of RSPE 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

RSPE vs. BITI - Drawdown Comparison

The maximum RSPE drawdown since its inception was -22.93%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for RSPE and BITI.

Drawdown Indicators

	RSPE	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-22.93%	-92.16%	+69.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-25.28%	+16.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.58%	-84.63%	+66.05%
Current Drawdown Current decline from peak	-0.10%	-86.41%	+86.31%
Average Drawdown Average peak-to-trough decline	-5.92%	-68.40%	+62.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	10.16%	-7.90%

Volatility

RSPE vs. BITI - Volatility Comparison

The current volatility for Invesco ESG S&P 500 Equal Weight ETF (RSPE) is 2.92%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that RSPE 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

	RSPE	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	10.76%	-7.84%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	34.28%	-24.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	44.15%	-31.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.66%	52.24%	-35.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.66%	52.24%	-35.58%

RSPE vs. BITI - Expense Ratio Comparison

RSPE has a 0.20% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

RSPE vs. BITI - Dividend Comparison

RSPE's dividend yield for the trailing twelve months is around 1.45%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022	2021
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%	0.00%
RSPE Invesco ESG S&P 500 Equal Weight ETF	1.45%	1.63%	1.57%	1.91%	1.83%	0.29%

Frequently Asked Questions

Can I hold both RSPE and BITI in my portfolio?

RSPE and BITI have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPE or BITI?

BITI has higher volatility (10.76%) compared to RSPE (2.92%). In terms of maximum drawdown, RSPE dropped -22.93% vs BITI's -92.16%.

Which ETF is better, RSPE or BITI?

On 3-year performance, RSPE leads with 15.48% vs -31.62% for BITI. On fees, RSPE is cheaper at 0.20% per year. On volatility, RSPE has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPE or BITI?

Over the 3-year period, RSPE has performed better with a 15.48% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPE or BITI?

RSPE is cheaper with a 0.20% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 1.45% for RSPE.

What is the main difference between RSPE and BITI?

RSPE is categorized as S&P 500, while BITI is Cryptocurrency. RSPE tracks S&P 500 Equal Weight ESG Leaders Select Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.20% for RSPE and 1.03% for BITI.

Which has better risk-adjusted returns?

RSPE currently has the higher Sharpe Ratio (2.04 vs 1.47), 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.