SZNE vs. BITI

Last updated Jul 18, 2026

SZNE (Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - SZNE is a Large Cap Blend Equities fund tracking the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. At a correlation of -0.29, they often move in opposite directions. SZNE charges 0.60%/yr vs 1.03%/yr for BITI.

Performance

SZNE vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SZNE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: 0.20%
• 1M: -0.52%
• 6M: 36.51%
• YTD: 24.73%
• 1Y: 64.56%
• 3Y*: -31.71%
• 5Y*: —
• 10Y*: —

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

SZNE vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	9.68%	-3.44%	2.05%	6.53%	10.00%
BITI ProShares Short Bitcoin ETF	24.73%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between SZNE and BITI is -0.29, 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	-0.30
Correlation (3Y) Calculated over the trailing 3-year period	-0.26
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.29

Return for Risk

SZNE vs. BITI — Risk / Return Rank

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

SZNE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BITI

BITI Risk / Return Rank: 53
BITI Sharpe Ratio Rank: 54
BITI Sortino Ratio Rank: 51
BITI Omega Ratio Rank: 47
BITI Calmar Ratio Rank: 65
BITI Martin Ratio Rank: 48

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.

SZNE vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) 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.

	SZNE	BITI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.47	—
Sortino ratio: Return per unit of downside risk	—	2.04	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.57	—
Martin ratio: Return relative to average drawdown	—	6.36	—

Drawdowns

Drawdown Indicators

	SZNE	BITI	Difference
Max Drawdown Largest peak-to-trough decline	—	-92.16%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-25.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	—	-86.38%	—
Average Drawdown Average peak-to-trough decline	—	-68.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.18%	—

Volatility

Volatility by Period

	SZNE	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	52.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	52.21%	—

SZNE vs. BITI - Expense Ratio Comparison

SZNE has a 0.60% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

SZNE vs. BITI - Dividend Comparison

SZNE's dividend yield for the trailing twelve months is around 1.23%, less than BITI's 15.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITI ProShares Short Bitcoin ETF	15.59%	1.60%	3.91%	3.33%	0.06%	0.00%	0.00%	0.00%	0.00%
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	1.23%	1.47%	1.20%	1.21%	1.11%	0.79%	1.37%	0.90%	0.68%

Frequently Asked Questions

Can I hold both SZNE and BITI in my portfolio?

SZNE and BITI have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SZNE or BITI?

On fees, SZNE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SZNE or BITI?

SZNE is cheaper with a 0.60% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.59%, compared with 1.23% for SZNE.

What is the main difference between SZNE and BITI?

SZNE is categorized as Large Cap Blend Equities, while BITI is Cryptocurrency. SZNE tracks Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Pacer and ProShares. Their fees differ too: 0.60% for SZNE and 1.03% for BITI.