TEKX vs. BITI

Last updated Jul 14, 2026

TEKX (SPDR Galaxy Transformative Tech Accelerators ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - TEKX is a Mid Cap Growth Equities fund actively managed by State Street Global Advisors, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. TEKX is actively managed, while BITI is passively managed. Over the past year, TEKX returned 107.29% vs 68.34% for BITI. At a correlation of -0.59, they often move in opposite directions. TEKX charges 0.65%/yr vs 1.03%/yr for BITI.

Performance

TEKX vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) 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, TEKX achieves a 65.46% return, which is significantly higher than BITI's 28.75% return.

TEKX

• 1D: -2.08%
• 1M: -4.83%
• 6M: 46.60%
• YTD: 65.46%
• 1Y: 107.29%
• 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)

TEKX vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	65.46%	40.92%	16.00%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-41.75%

Correlation

The correlation between TEKX and BITI is -0.58, 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	-0.58
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	-0.59

The correlation between TEKX and BITI has been stable across timeframes, ranging from -0.59 to -0.58 - a consistent structural relationship.

Return for Risk

TEKX vs. BITI — Risk / Return Rank

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

TEKX

TEKX Risk / Return Rank: 92
TEKX Sharpe Ratio Rank: 95
TEKX Sortino Ratio Rank: 90
TEKX Omega Ratio Rank: 87
TEKX Calmar Ratio Rank: 95
TEKX Martin Ratio Rank: 93

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.

TEKX vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) 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.

	TEKX	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.87	1.56	+1.31
Sortino ratio: Return per unit of downside risk	3.36	2.13	+1.23
Omega ratio: Gain probability vs. loss probability	1.42	1.26	+0.16
Calmar ratio: Return relative to maximum drawdown	6.02	2.72	+3.30
Martin ratio: Return relative to average drawdown	19.12	6.78	+12.34

TEKX vs. BITI - Sharpe Ratio Comparison

The current TEKX Sharpe Ratio is 2.87, which is higher than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of TEKX 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

TEKX vs. BITI - Drawdown Comparison

The maximum TEKX drawdown since its inception was -45.57%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for TEKX and BITI.

Drawdown Indicators

	TEKX	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-45.57%	-92.16%	+46.59%
Max Drawdown (1Y) Largest decline over 1 year	-17.92%	-25.28%	+7.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-9.68%	-85.94%	+76.26%
Average Drawdown Average peak-to-trough decline	-9.97%	-68.34%	+58.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.63%	10.11%	-4.48%

Volatility

TEKX vs. BITI - Volatility Comparison

The current volatility for SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) is 9.21%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that TEKX 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

	TEKX	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.21%	11.38%	-2.17%
Volatility (6M) Calculated over the trailing 6-month period	29.82%	34.25%	-4.43%
Volatility (1Y) Calculated over the trailing 1-year period	37.62%	44.14%	-6.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.10%	52.28%	-8.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.10%	52.28%	-8.18%

TEKX vs. BITI - Expense Ratio Comparison

TEKX has a 0.65% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

TEKX vs. BITI - Dividend Comparison

TEKX's dividend yield for the trailing twelve months is around 0.22%, 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%
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	0.22%	0.36%	3.47%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEKX and BITI in my portfolio?

TEKX and BITI have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEKX or BITI?

BITI has higher volatility (11.38%) compared to TEKX (9.21%). In terms of maximum drawdown, TEKX dropped -45.57% vs BITI's -92.16%.

Which ETF is better, TEKX or BITI?

On 1-year performance, TEKX leads with 107.29% vs 68.34% for BITI. On fees, TEKX is cheaper at 0.65% per year. On volatility, TEKX has been the lower-risk option at 9.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEKX or BITI?

Over the 1-year period, TEKX has performed better with a 107.29% return vs 68.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEKX or BITI?

TEKX is cheaper with a 0.65% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 0.22% for TEKX.

What is the main difference between TEKX and BITI?

TEKX is categorized as Mid Cap Growth Equities, while BITI is Cryptocurrency. They also come from different issuers: State Street Global Advisors and ProShares. Their fees differ too: 0.65% for TEKX and 1.03% for BITI.

Which has better risk-adjusted returns?

TEKX currently has the higher Sharpe Ratio (2.87 vs 1.56), 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.