TIPB vs. BITI

Last updated Jul 14, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - TIPB is a Inflation-Protected Bonds fund actively managed by Northern Trust, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. TIPB is actively managed, while BITI is passively managed. At a correlation of -0.10, they often move in opposite directions.

Performance

TIPB vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) 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, TIPB achieves a 1.38% return, which is significantly lower than BITI's 28.75% return.

TIPB

• 1D: -0.13%
• 1M: -0.28%
• 6M: 1.21%
• YTD: 1.38%
• 1Y: —
• 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)

TIPB vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.38%	0.79%
BITI ProShares Short Bitcoin ETF	28.75%	28.51%

Correlation

The correlation between TIPB and BITI is -0.10, 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 (All Time) Calculated using the full available price history since Aug 19, 2025	-0.10

Return for Risk

TIPB vs. BITI — Risk / Return Rank

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

TIPB

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

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.

TIPB vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) 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.

	TIPB	BITI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.13	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.72	—
Martin ratio: Return relative to average drawdown	—	6.78	—

Drawdowns

TIPB vs. BITI - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for TIPB and BITI.

Drawdown Indicators

	TIPB	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-92.16%	+90.84%
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	-0.79%	-85.94%	+85.15%
Average Drawdown Average peak-to-trough decline	-0.40%	-68.34%	+67.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.11%	—

Volatility

Volatility by Period

	TIPB	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.63%	44.14%	-41.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.63%	52.28%	-49.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.63%	52.28%	-49.65%

Dividends

TIPB vs. BITI - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 4.15%, 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%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	4.15%	1.09%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIPB and BITI in my portfolio?

TIPB and BITI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

BITI has the higher dividend yield at 15.10%, compared with 4.15% for TIPB.

What is the main difference between TIPB and BITI?

TIPB is categorized as Inflation-Protected Bonds, while BITI is Cryptocurrency. They also come from different issuers: Northern Trust and ProShares.