SETH vs. BITI
Compare and contrast key facts about ProShares Short Ether Strategy ETF (SETH) and ProShares Shrt Bitcoin ETF (BITI).
SETH and BITI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SETH is a passively managed fund by ProShares that tracks the performance of the Bloomberg Galaxy Ethereum (--100%). It was launched on Nov 1, 2023. BITI is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index (-100%). It was launched on Jun 21, 2022. Both SETH and BITI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SETH vs. BITI - Performance Comparison
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SETH vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SETH ProShares Short Ether Strategy ETF | 23.38% | -29.41% | -49.59% | -22.80% |
BITI ProShares Shrt Bitcoin ETF | 20.57% | -1.76% | -62.60% | -17.30% |
Returns By Period
In the year-to-date period, SETH achieves a 23.38% return, which is significantly higher than BITI's 20.57% return.
SETH
- 1D
- -3.61%
- 1M
- -11.44%
- YTD
- 23.38%
- 6M
- 54.25%
- 1Y
- -46.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITI
- 1D
- -2.02%
- 1M
- -4.54%
- YTD
- 20.57%
- 6M
- 52.86%
- 1Y
- 7.92%
- 3Y*
- -34.03%
- 5Y*
- —
- 10Y*
- —
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SETH vs. BITI - Expense Ratio Comparison
SETH has a 0.95% expense ratio, which is lower than BITI's 1.03% expense ratio.
Return for Risk
SETH vs. BITI — Risk / Return Rank
SETH
BITI
SETH vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Ether Strategy ETF (SETH) and ProShares Shrt 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.
| SETH | BITI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.62 | 0.18 | -0.79 |
Sortino ratioReturn per unit of downside risk | -0.59 | 0.57 | -1.17 |
Omega ratioGain probability vs. loss probability | 0.93 | 1.07 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.61 | 0.24 | -0.85 |
Martin ratioReturn relative to average drawdown | -0.77 | 0.37 | -1.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SETH | BITI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | 0.18 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | -0.75 | +0.23 |
Correlation
The correlation between SETH and BITI is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SETH vs. BITI - Dividend Comparison
SETH's dividend yield for the trailing twelve months is around 11.08%, more than BITI's 5.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SETH ProShares Short Ether Strategy ETF | 11.08% | 7.01% | 3.44% | 0.38% | 0.00% |
BITI ProShares Shrt Bitcoin ETF | 5.93% | 1.60% | 3.91% | 3.33% | 0.06% |
Drawdowns
SETH vs. BITI - Drawdown Comparison
The maximum SETH drawdown since its inception was -80.74%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for SETH and BITI.
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Drawdown Indicators
| SETH | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.74% | -92.16% | +11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -75.02% | -39.64% | -35.38% |
Current DrawdownCurrent decline from peak | -66.11% | -86.84% | +20.73% |
Average DrawdownAverage peak-to-trough decline | -53.81% | -67.01% | +13.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 58.90% | 25.25% | +33.65% |
Volatility
SETH vs. BITI - Volatility Comparison
ProShares Short Ether Strategy ETF (SETH) has a higher volatility of 20.05% compared to ProShares Shrt Bitcoin ETF (BITI) at 13.10%. This indicates that SETH'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.
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Volatility by Period
| SETH | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.05% | 13.10% | +6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 53.23% | 36.31% | +16.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.10% | 45.21% | +30.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.19% | 53.20% | +17.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.19% | 53.20% | +17.99% |