TRIO vs. BITI

Last updated Jul 17, 2026

TRIO (MC Trio Equity Buffered ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - TRIO is a Equity Hedged fund actively managed by ETF Architect, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. TRIO is actively managed, while BITI is passively managed. Over the past year, TRIO returned 12.74% vs 64.61% for BITI. At a correlation of -0.50, they often move in opposite directions. TRIO charges 0.70%/yr vs 1.03%/yr for BITI.

Performance

TRIO vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MC Trio Equity Buffered ETF (TRIO) 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, TRIO achieves a 6.45% return, which is significantly lower than BITI's 24.48% return.

TRIO

• 1D: -0.16%
• 1M: 0.57%
• 6M: 5.16%
• YTD: 6.45%
• 1Y: 12.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: 1.13%
• 1M: 1.49%
• 6M: 35.86%
• YTD: 24.48%
• 1Y: 64.61%
• 3Y*: -31.62%
• 5Y*: —
• 10Y*: —

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

TRIO vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
TRIO MC Trio Equity Buffered ETF	6.45%	11.70%
BITI ProShares Short Bitcoin ETF	24.48%	-3.55%

Correlation

The correlation between TRIO and BITI is -0.50, 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	-0.50
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	-0.50

The correlation between TRIO and BITI has been stable across timeframes, ranging from -0.50 to -0.50 - a consistent structural relationship.

Return for Risk

TRIO vs. BITI — Risk / Return Rank

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

TRIO

TRIO Risk / Return Rank: 81
TRIO Sharpe Ratio Rank: 80
TRIO Sortino Ratio Rank: 83
TRIO Omega Ratio Rank: 84
TRIO Calmar Ratio Rank: 71
TRIO Martin Ratio Rank: 86

BITI

BITI Risk / Return Rank: 52
BITI Sharpe Ratio Rank: 53
BITI Sortino Ratio Rank: 50
BITI Omega Ratio Rank: 46
BITI Calmar Ratio Rank: 64
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.

TRIO vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MC Trio Equity Buffered ETF (TRIO) 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.

	TRIO	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.47	+0.59
Sortino ratio: Return per unit of downside risk	3.01	2.04	+0.97
Omega ratio: Gain probability vs. loss probability	1.40	1.25	+0.16
Calmar ratio: Return relative to maximum drawdown	2.86	2.57	+0.29
Martin ratio: Return relative to average drawdown	14.21	6.38	+7.83

TRIO vs. BITI - Sharpe Ratio Comparison

The current TRIO Sharpe Ratio is 2.06, which is higher than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of TRIO 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

TRIO vs. BITI - Drawdown Comparison

The maximum TRIO drawdown since its inception was -9.88%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for TRIO and BITI.

Drawdown Indicators

	TRIO	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-9.88%	-92.16%	+82.28%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	-25.28%	+20.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-0.16%	-86.41%	+86.25%
Average Drawdown Average peak-to-trough decline	-0.75%	-68.40%	+67.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	10.16%	-9.26%

Volatility

TRIO vs. BITI - Volatility Comparison

The current volatility for MC Trio Equity Buffered ETF (TRIO) is 1.64%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that TRIO 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

	TRIO	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	10.76%	-9.12%
Volatility (6M) Calculated over the trailing 6-month period	5.05%	34.28%	-29.23%
Volatility (1Y) Calculated over the trailing 1-year period	6.21%	44.15%	-37.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.38%	52.24%	-41.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.38%	52.24%	-41.86%

TRIO vs. BITI - Expense Ratio Comparison

TRIO has a 0.70% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

TRIO vs. BITI - Dividend Comparison

TRIO's dividend yield for the trailing twelve months is around 8.46%, less than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%
TRIO MC Trio Equity Buffered ETF	8.46%	9.01%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRIO and BITI in my portfolio?

TRIO and BITI have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRIO or BITI?

BITI has higher volatility (10.76%) compared to TRIO (1.64%). In terms of maximum drawdown, TRIO dropped -9.88% vs BITI's -92.16%.

Which ETF is better, TRIO or BITI?

On 1-year performance, BITI leads with 64.61% vs 12.74% for TRIO. On fees, TRIO is cheaper at 0.70% per year. On volatility, TRIO has been the lower-risk option at 1.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRIO or BITI?

Over the 1-year period, BITI has performed better with a 64.61% return vs 12.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRIO or BITI?

TRIO is cheaper with a 0.70% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 8.46% for TRIO.

What is the main difference between TRIO and BITI?

TRIO is categorized as Equity Hedged, while BITI is Cryptocurrency. They also come from different issuers: ETF Architect and ProShares. Their fees differ too: 0.70% for TRIO and 1.03% for BITI.

Which has better risk-adjusted returns?

TRIO currently has the higher Sharpe Ratio (2.06 vs 1.47), 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.