TRFK vs. BITI

Last updated Jul 14, 2026

TRFK (Pacer Data and Digital Revolution ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - TRFK is a Technology Equities fund tracking the Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, TRFK returned 44.36%/yr vs -30.65%/yr for BITI. At a correlation of -0.39, they often move in opposite directions. TRFK charges 0.60%/yr vs 1.03%/yr for BITI.

Performance

TRFK vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Data and Digital Revolution ETF (TRFK) 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, TRFK achieves a 49.06% return, which is significantly higher than BITI's 28.75% return.

TRFK

• 1D: -4.93%
• 1M: -5.56%
• 6M: 46.64%
• YTD: 49.06%
• 1Y: 61.11%
• 3Y*: 44.36%
• 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)

TRFK vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TRFK Pacer Data and Digital Revolution ETF	49.06%	26.81%	38.30%	66.63%	-1.17%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between TRFK and BITI is -0.45, 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	-0.45
Correlation (3Y) Calculated over the trailing 3-year period	-0.36
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.39

Return for Risk

TRFK vs. BITI — Risk / Return Rank

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

TRFK

TRFK Risk / Return Rank: 64
TRFK Sharpe Ratio Rank: 70
TRFK Sortino Ratio Rank: 61
TRFK Omega Ratio Rank: 61
TRFK Calmar Ratio Rank: 77
TRFK Martin Ratio Rank: 52

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.

TRFK vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Data and Digital Revolution ETF (TRFK) 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.

	TRFK	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.56	+0.23
Sortino ratio: Return per unit of downside risk	2.27	2.13	+0.14
Omega ratio: Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio: Return relative to maximum drawdown	3.14	2.72	+0.42
Martin ratio: Return relative to average drawdown	7.12	6.78	+0.34

TRFK vs. BITI - Sharpe Ratio Comparison

The current TRFK Sharpe Ratio is 1.79, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of TRFK 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

TRFK vs. BITI - Drawdown Comparison

The maximum TRFK drawdown since its inception was -29.06%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for TRFK and BITI.

Drawdown Indicators

	TRFK	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-29.06%	-92.16%	+63.10%
Max Drawdown (1Y) Largest decline over 1 year	-19.56%	-25.28%	+5.72%
Max Drawdown (3Y) Largest decline over 3 years	-29.06%	-84.63%	+55.57%
Current Drawdown Current decline from peak	-14.10%	-85.94%	+71.84%
Average Drawdown Average peak-to-trough decline	-6.08%	-68.34%	+62.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.61%	10.11%	-1.50%

Volatility

TRFK vs. BITI - Volatility Comparison

Pacer Data and Digital Revolution ETF (TRFK) has a higher volatility of 18.33% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that TRFK's price experiences larger fluctuations and is considered to be riskier than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRFK	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.33%	11.38%	+6.95%
Volatility (6M) Calculated over the trailing 6-month period	29.41%	34.25%	-4.84%
Volatility (1Y) Calculated over the trailing 1-year period	34.37%	44.14%	-9.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.35%	52.28%	-21.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.35%	52.28%	-21.93%

TRFK vs. BITI - Expense Ratio Comparison

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

Dividends

TRFK vs. BITI - Dividend Comparison

TRFK's dividend yield for the trailing twelve months is around 0.01%, 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%
TRFK Pacer Data and Digital Revolution ETF	0.01%	0.01%	0.40%	0.20%	0.56%

Frequently Asked Questions

Can I hold both TRFK and BITI in my portfolio?

TRFK and BITI have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRFK or BITI?

TRFK has higher volatility (18.33%) compared to BITI (11.38%). In terms of maximum drawdown, TRFK dropped -29.06% vs BITI's -92.16%.

Which ETF is better, TRFK or BITI?

On 3-year performance, TRFK leads with 44.36% vs -30.65% for BITI. On fees, TRFK is cheaper at 0.60% per year. On volatility, BITI has been the lower-risk option at 11.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRFK or BITI?

Over the 3-year period, TRFK has performed better with a 44.36% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRFK or BITI?

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

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

BITI has the higher dividend yield at 15.10%, compared with 0.01% for TRFK.

What is the main difference between TRFK and BITI?

TRFK is categorized as Technology Equities, while BITI is Cryptocurrency. TRFK tracks Pacer Data Transmission and Communication Revolution Index - Benchmark TR Net, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Pacer and ProShares. Their fees differ too: 0.60% for TRFK and 1.03% for BITI.

Which has better risk-adjusted returns?

TRFK currently has the higher Sharpe Ratio (1.79 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.