SVXY vs. BITI
SVXY (ProShares Short VIX Short-Term Futures ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - SVXY is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index (-0.5x), while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, SVXY returned 9.63%/yr vs -31.77%/yr for BITI. Their -0.31 correlation means they have often moved in opposite directions in the past. SVXY charges 0.95%/yr vs 1.03%/yr for BITI.
Performance
SVXY vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SVXY achieves a 4.84% return, which is significantly lower than BITI's 27.11% return.
SVXY
- 1D
- 1.47%
- 1M
- 1.31%
- 6M
- 7.32%
- YTD
- 4.84%
- 1Y
- 33.59%
- 3Y*
- 9.63%
- 5Y*
- 16.64%
- 10Y*
- -1.01%
- ALL TIME*
- 12.70%
BITI
- 1D
- 3.01%
- 1M
- -2.58%
- 6M
- 22.77%
- YTD
- 27.11%
- 1Y
- 58.64%
- 3Y*
- -31.77%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.10M | $26.49M | $38.71M | |
| $95.64M | $79.87M | $82.81M |
SVXY vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SVXY ProShares Short VIX Short-Term Futures ETF | 4.84% | 10.63% | -3.17% | 76.21% | 25.98% |
BITI ProShares Short Bitcoin ETF | 27.11% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between SVXY and BITI is -0.40, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.40 |
Correlation (3Y) Balances recent behavior with more history. | -0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.31 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SVXY vs. BITI — Risk / Return Rank
SVXY
BITI
SVXY vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short VIX Short-Term Futures ETF (SVXY) 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.
| SVXY | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.53 | -1.30 |
| Martin ratioReturn relative to average drawdown | 4.00 | 6.17 | -2.18 |
Loading charts...
Drawdowns
SVXY vs. BITI - Drawdown Comparison
The maximum SVXY drawdown since its inception was -95.25%, roughly equal to the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for SVXY and BITI.
Loading charts...
Drawdown Indicators
| SVXY | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.25% | -92.16% | -3.09% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -25.28% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -46.45% | -84.63% | +38.18% |
Max Drawdown (5Y)Largest decline over 5 years | -46.45% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.25% | — | — |
Current DrawdownCurrent decline from peak | -79.00% | -86.12% | +7.12% |
Average DrawdownAverage peak-to-trough decline | -57.10% | -68.59% | +11.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 10.35% | -3.30% |
Volatility
SVXY vs. BITI - Volatility Comparison
The current volatility for ProShares Short VIX Short-Term Futures ETF (SVXY) is 7.44%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that SVXY 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.
Loading charts...
Volatility by Period
| SVXY | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 9.13% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 22.23% | 33.31% | -11.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.49% | 44.23% | -14.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.19% | 52.03% | -16.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.47% | 52.03% | -2.56% |
SVXY vs. BITI - Expense Ratio Comparison
SVXY has a 0.95% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
SVXY vs. BITI - Dividend Comparison
SVXY has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 15.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.17% | 1.60% | 3.91% | 3.33% | 0.06% |
SVXY ProShares Short VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SVXY and BITI have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (9.13%) compared to SVXY (7.44%). In terms of maximum drawdown, SVXY dropped -95.25% vs BITI's -92.16%.
On 3-year performance, SVXY leads with 9.63% vs -31.77% for BITI. On fees, SVXY is cheaper at 0.95% per year. On volatility, SVXY has been the lower-risk option at 7.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SVXY has performed better with a 9.63% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SVXY is cheaper with a 0.95% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.17%, compared with 0.00% for SVXY.
SVXY is categorized as Volatility, while BITI is Cryptocurrency. SVXY tracks S&P 500 VIX Short-Term Futures Index (-0.5x), while BITI tracks Bloomberg Bitcoin Index. Their fees differ too: 0.95% for SVXY and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.45 vs 0.96), 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.
Find the right allocation for SVXY and BITI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer