SDVD vs. BITI

Last updated Jul 14, 2026

SDVD (FT Vest SMID Rising Dividend Achievers Target Income ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - SDVD is a Derivative Income fund tracking the Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past year, SDVD returned 20.44% vs 68.34% for BITI. At a correlation of -0.29, they often move in opposite directions. SDVD charges 0.85%/yr vs 1.03%/yr for BITI.

Performance

SDVD vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) 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, SDVD achieves a 12.65% return, which is significantly lower than BITI's 28.75% return.

SDVD

• 1D: 0.04%
• 1M: 1.83%
• 6M: 8.40%
• YTD: 12.65%
• 1Y: 20.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

SDVD vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	12.65%	8.66%	11.82%	8.76%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-31.82%

Correlation

The correlation between SDVD and BITI is -0.28, 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	-0.28
Correlation (All Time) Calculated using the full available price history since Aug 10, 2023	-0.29

Return for Risk

SDVD vs. BITI — Risk / Return Rank

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

SDVD

SDVD Risk / Return Rank: 55
SDVD Sharpe Ratio Rank: 52
SDVD Sortino Ratio Rank: 58
SDVD Omega Ratio Rank: 50
SDVD Calmar Ratio Rank: 59
SDVD Martin Ratio Rank: 57

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.

SDVD vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) 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.

	SDVD	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.56	-0.12
Sortino ratio: Return per unit of downside risk	2.20	2.13	+0.07
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	2.34	2.72	-0.37
Martin ratio: Return relative to average drawdown	7.89	6.78	+1.11

SDVD vs. BITI - Sharpe Ratio Comparison

The current SDVD Sharpe Ratio is 1.44, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of SDVD 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

SDVD vs. BITI - Drawdown Comparison

The maximum SDVD drawdown since its inception was -24.17%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for SDVD and BITI.

Drawdown Indicators

	SDVD	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-24.17%	-92.16%	+67.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-25.28%	+16.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-0.86%	-85.94%	+85.08%
Average Drawdown Average peak-to-trough decline	-4.80%	-68.34%	+63.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	10.11%	-7.51%

Volatility

SDVD vs. BITI - Volatility Comparison

The current volatility for FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD) is 3.37%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that SDVD 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

	SDVD	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	11.38%	-8.01%
Volatility (6M) Calculated over the trailing 6-month period	10.19%	34.25%	-24.06%
Volatility (1Y) Calculated over the trailing 1-year period	14.26%	44.14%	-29.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.01%	52.28%	-34.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	52.28%	-34.27%

SDVD vs. BITI - Expense Ratio Comparison

SDVD has a 0.85% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

SDVD vs. BITI - Dividend Comparison

SDVD's dividend yield for the trailing twelve months is around 8.66%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
SDVD FT Vest SMID Rising Dividend Achievers Target Income ETF	8.66%	8.36%	9.26%	3.18%	0.00%

Frequently Asked Questions

Can I hold both SDVD and BITI in my portfolio?

SDVD and BITI have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDVD or BITI?

BITI has higher volatility (11.38%) compared to SDVD (3.37%). In terms of maximum drawdown, SDVD dropped -24.17% vs BITI's -92.16%.

Which ETF is better, SDVD or BITI?

On 1-year performance, BITI leads with 68.34% vs 20.44% for SDVD. On fees, SDVD is cheaper at 0.85% per year. On volatility, SDVD has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDVD or BITI?

Over the 1-year period, BITI has performed better with a 68.34% return vs 20.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDVD or BITI?

SDVD is cheaper with a 0.85% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 8.66% for SDVD.

What is the main difference between SDVD and BITI?

SDVD is categorized as Derivative Income, while BITI is Cryptocurrency. SDVD tracks Nasdaq US Small-Mid Cap Rising Dividend Achievers Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.85% for SDVD and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs 1.44), 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.