TSOL vs. BITI
TSOL (21Shares Solana ETF) and BITI (ProShares Shrt Bitcoin ETF) are both Cryptocurrency funds. TSOL is actively managed, while BITI is passively managed. At a correlation of -0.89, they often move in opposite directions. TSOL charges 0.21%/yr vs 1.03%/yr for BITI.
Performance
TSOL vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, TSOL achieves a -43.91% return, which is significantly lower than BITI's 27.41% return.
TSOL
- 1D
- -4.13%
- 1M
- -20.12%
- YTD
- -43.91%
- 6M
- -50.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITI
- 1D
- 2.70%
- 1M
- 27.75%
- YTD
- 27.41%
- 6M
- 34.37%
- 1Y
- 47.79%
- 3Y*
- -34.84%
- 5Y*
- —
- 10Y*
- —
TSOL vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSOL 21Shares Solana ETF | -43.91% | -6.28% |
BITI ProShares Shrt Bitcoin ETF | 27.41% | 0.83% |
Correlation
The correlation between TSOL and BITI is -0.89, 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 Nov 20, 2025 | -0.89 |
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Return for Risk
TSOL vs. BITI — Risk / Return Rank
TSOL
BITI
TSOL vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Solana ETF (TSOL) and ProShares Shrt 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TSOL | BITI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.98 | -0.71 | -0.27 |
Drawdowns
TSOL vs. BITI - Drawdown Comparison
The maximum TSOL drawdown since its inception was -52.78%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for TSOL and BITI.
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Drawdown Indicators
| TSOL | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.78% | -92.16% | +39.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.63% | — |
Current DrawdownCurrent decline from peak | -52.78% | -86.09% | +33.31% |
Average DrawdownAverage peak-to-trough decline | -29.52% | -67.97% | +38.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.80% | — |
Volatility
TSOL vs. BITI - Volatility Comparison
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Volatility by Period
| TSOL | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 71.62% | 43.55% | +28.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.62% | 52.50% | +19.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.62% | 52.50% | +19.12% |
TSOL vs. BITI - Expense Ratio Comparison
TSOL has a 0.21% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
TSOL vs. BITI - Dividend Comparison
TSOL's dividend yield for the trailing twelve months is around 4.98%, less than BITI's 9.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Shrt Bitcoin ETF | 9.27% | 1.60% | 3.91% | 3.33% | 0.06% |
TSOL 21Shares Solana ETF | 4.98% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSOL and BITI have a correlation of -0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSOL is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSOL is cheaper with a 0.21% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 9.27%, compared with 4.98% for TSOL.
They also come from different issuers: 21Shares and ProShares. Their fees differ too: 0.21% for TSOL and 1.03% for BITI.
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