SXQG vs. BITI

Last updated Aug 2, 2026

SXQG (ETC 6 Meridian Quality Growth ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - SXQG is a Quality Factor fund actively managed by Meridian, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. SXQG is actively managed, while BITI is passively managed. Over the past 3 years, SXQG returned 9.57%/yr vs -31.77%/yr for BITI. Their -0.34 correlation means they have often moved in opposite directions in the past. SXQG charges 1.00%/yr vs 1.03%/yr for BITI.

Performance

SXQG vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETC 6 Meridian Quality Growth ETF (SXQG) 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, SXQG achieves a -2.00% return, which is significantly lower than BITI's 27.11% return.

SXQG

• 1D: 0.16%
• 1M: -0.29%
• 6M: 0.16%
• YTD: -2.00%
• 1Y: 0.85%
• 3Y*: 9.57%
• 5Y*: 4.34%
• 10Y*: —
• ALL TIME*: 5.71%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITI ProShares Short Bitcoin ETF	$24.10M	$26.49M	$38.71M
SXQG ETC 6 Meridian Quality Growth ETF	$62.10K	$170.59K	$108.05K

SXQG vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SXQG ETC 6 Meridian Quality Growth ETF	-2.00%	4.43%	18.77%	28.32%	10.15%
BITI ProShares Short Bitcoin ETF	27.11%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between SXQG and BITI is -0.33, 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.	-0.33
Correlation (3Y) Balances recent behavior with more history.	-0.30
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.34

Return for Risk

SXQG vs. BITI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SXQG

SXQG Risk / Return Rank: 10
SXQG Sharpe Ratio Rank: 11
SXQG Sortino Ratio Rank: 10
SXQG Omega Ratio Rank: 10
SXQG Calmar Ratio Rank: 11
SXQG Martin Ratio Rank: 10

BITI

BITI Risk / Return Rank: 61
BITI Sharpe Ratio Rank: 63
BITI Sortino Ratio Rank: 60
BITI Omega Ratio Rank: 55
BITI Calmar Ratio Rank: 73
BITI Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SXQG vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETC 6 Meridian Quality Growth ETF (SXQG) 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.

	SXQG	BITI	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	1.45	-1.48
Sortino ratio: Return per unit of downside risk	0.04	2.02	-1.98
Omega ratio: Gain probability vs. loss probability	1.00	1.24	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.03	2.53	-2.56
Martin ratio: Return relative to average drawdown	-0.08	6.17	-6.25

SXQG vs. BITI - Sharpe Ratio Comparison

The current SXQG Sharpe Ratio is -0.03, which is lower than the BITI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of SXQG 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

SXQG vs. BITI - Drawdown Comparison

The maximum SXQG drawdown since its inception was -33.97%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for SXQG and BITI.

Drawdown Indicators

	SXQG	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-92.16%	+58.19%
Max Drawdown (1Y) Largest decline over 1 year	-14.03%	-25.28%	+11.25%
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	-84.63%	+65.10%
Max Drawdown (5Y) Largest decline over 5 years	-33.97%	—	—
Current Drawdown Current decline from peak	-4.87%	-86.12%	+81.25%
Average Drawdown Average peak-to-trough decline	-9.99%	-68.59%	+58.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	10.35%	-4.86%

Volatility

SXQG vs. BITI - Volatility Comparison

The current volatility for ETC 6 Meridian Quality Growth ETF (SXQG) is 3.80%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 9.13%. This indicates that SXQG 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

	SXQG	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	9.13%	-5.33%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	33.31%	-23.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.38%	44.23%	-31.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.08%	52.03%	-33.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	52.03%	-34.16%

SXQG vs. BITI - Expense Ratio Comparison

SXQG has a 1.00% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

SXQG vs. BITI - Dividend Comparison

SXQG's dividend yield for the trailing twelve months is around 0.01%, less than BITI's 15.30% yield.

Position	TTM	2025	2024	2023	2022	2021
BITI ProShares Short Bitcoin ETF	15.17%	1.60%	3.91%	3.33%	0.06%	0.00%
SXQG ETC 6 Meridian Quality Growth ETF	0.01%	0.15%	0.00%	0.02%	0.09%	0.00%

Frequently Asked Questions

Can I hold both SXQG and BITI in my portfolio?

SXQG 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, SXQG or BITI?

BITI has higher volatility (9.13%) compared to SXQG (3.80%). In terms of maximum drawdown, SXQG dropped -33.97% vs BITI's -92.16%.

Which ETF is better, SXQG or BITI?

On 3-year performance, SXQG leads with 9.57% vs -31.77% for BITI. On fees, SXQG is cheaper at 1.00% per year. On volatility, SXQG has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SXQG or BITI?

Over the 3-year period, SXQG has performed better with a 9.57% return vs -31.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SXQG or BITI?

SXQG is cheaper with a 1.00% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.17%, compared with 0.01% for SXQG.

What is the main difference between SXQG and BITI?

SXQG is categorized as Quality Factor, while BITI is Cryptocurrency. They also come from different issuers: Meridian and ProShares. Their fees differ too: 1.00% for SXQG and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.45 vs -0.03), 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.