SCHG vs. BITI
SCHG (Schwab U.S. Large-Cap Growth ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, SCHG returned 21.98%/yr vs -31.62%/yr for BITI. At a correlation of -0.39, they often move in opposite directions. SCHG charges 0.04%/yr vs 1.03%/yr for BITI.
Performance
SCHG vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, SCHG achieves a 6.40% return, which is significantly lower than BITI's 24.48% return.
SCHG
- 1D
- -0.77%
- 1M
- 2.08%
- 6M
- 6.99%
- YTD
- 6.40%
- 1Y
- 17.60%
- 3Y*
- 21.98%
- 5Y*
- 13.84%
- 10Y*
- 18.48%
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
SCHG vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SCHG Schwab U.S. Large-Cap Growth ETF | 6.40% | 17.50% | 34.95% | 50.10% | -1.05% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between SCHG and BITI is -0.48, 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 | -0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.39 |
The correlation between SCHG and BITI shifts across timeframes, from -0.48 (1 year) to -0.37 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHG vs. BITI — Risk / Return Rank
SCHG
BITI
SCHG vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) 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.
| SCHG | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.57 | -1.49 |
| Martin ratioReturn relative to average drawdown | 3.45 | 6.38 | -2.93 |
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Drawdowns
SCHG vs. BITI - Drawdown Comparison
The maximum SCHG drawdown since its inception was -34.59%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for SCHG and BITI.
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Drawdown Indicators
| SCHG | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -92.16% | +57.57% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -25.28% | +8.87% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -84.63% | +61.24% |
Max Drawdown (5Y)Largest decline over 5 years | -34.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | — | — |
Current DrawdownCurrent decline from peak | -1.80% | -86.41% | +84.61% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -68.40% | +63.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 10.16% | -5.05% |
Volatility
SCHG vs. BITI - Volatility Comparison
The current volatility for Schwab U.S. Large-Cap Growth ETF (SCHG) is 4.61%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that SCHG 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.
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Volatility by Period
| SCHG | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 10.76% | -6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 34.28% | -21.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 44.15% | -27.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.41% | 52.24% | -29.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 52.24% | -30.68% |
SCHG vs. BITI - Expense Ratio Comparison
SCHG has a 0.04% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
SCHG vs. BITI - Dividend Comparison
SCHG's dividend yield for the trailing twelve months is around 0.38%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.62% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.38% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
Frequently Asked Questions
SCHG and BITI have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.76%) compared to SCHG (4.61%). In terms of maximum drawdown, SCHG dropped -34.59% vs BITI's -92.16%.
On 3-year performance, SCHG leads with 21.98% vs -31.62% for BITI. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCHG has performed better with a 21.98% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHG is cheaper with a 0.04% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.62%, compared with 0.38% for SCHG.
SCHG is categorized as Large Cap Growth Equities, while BITI is Cryptocurrency. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Charles Schwab and ProShares. Their fees differ too: 0.04% for SCHG and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.47 vs 1.08), 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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