TXBC vs. BITI

Last updated Jun 30, 2026

TXBC (21Shares FTSE Crypto 10 ex-BTC Index ETF) and BITI (ProShares Shrt Bitcoin ETF) are both Cryptocurrency funds - TXBC tracks the FTSE Crypto 10 ex-BTC Index while BITI tracks the Bloomberg Bitcoin Index (-100%). Both are passively managed. At a correlation of -0.92, they often move in opposite directions.

Performance

TXBC vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) and ProShares Shrt Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXBC achieves a -40.49% return, which is significantly lower than BITI's 33.11% return.

TXBC

• 1D: 1.93%
• 1M: -16.89%
• YTD: -40.49%
• 6M: -40.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: -0.98%
• 1M: 20.05%
• YTD: 33.11%
• 6M: 32.54%
• 1Y: 57.36%
• 3Y*: -29.70%
• 5Y*: —
• 10Y*: —

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

TXBC vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	-40.49%	-18.07%
BITI ProShares Shrt Bitcoin ETF	33.11%	13.99%

Correlation

The correlation between TXBC and BITI is -0.92, 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 13, 2025	-0.92

Return for Risk

TXBC vs. BITI — Risk / Return Rank

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

TXBC

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

BITI

BITI Risk / Return Rank: 42
BITI Sharpe Ratio Rank: 41
BITI Sortino Ratio Rank: 40
BITI Omega Ratio Rank: 37
BITI Calmar Ratio Rank: 54
BITI Martin Ratio Rank: 38

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.

TXBC vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) 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.

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.

	TXBC	BITI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.31	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	2.28	—
Martin ratio: Return relative to average drawdown	—	5.25	—

Drawdowns

TXBC vs. BITI - Drawdown Comparison

The maximum TXBC drawdown since its inception was -53.45%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for TXBC and BITI.

Drawdown Indicators

	TXBC	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	-92.16%	+38.71%
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	-51.25%	-85.47%	+34.22%
Average Drawdown Average peak-to-trough decline	-31.59%	-68.19%	+36.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.95%	—

Volatility

Volatility by Period

	TXBC	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.86%	44.23%	+18.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.86%	52.40%	+10.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.86%	52.40%	+10.46%

Dividends

TXBC vs. BITI - Dividend Comparison

TXBC has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 8.87%.

Position	TTM	2025	2024	2023	2022
BITI ProShares Shrt Bitcoin ETF	8.87%	1.60%	3.91%	3.33%	0.06%
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXBC and BITI in my portfolio?

TXBC and BITI have a correlation of -0.92, 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, TXBC or BITI?

BITI has the higher dividend yield at 8.87%, compared with 0.00% for TXBC.

What is the main difference between TXBC and BITI?

TXBC tracks FTSE Crypto 10 ex-BTC Index, while BITI tracks Bloomberg Bitcoin Index (-100%). They also come from different issuers: 21Shares and ProShares.