UDI vs. BITI

Last updated Jul 17, 2026

UDI (USCF ESG Dividend Income Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - UDI is a Large Cap Value Equities fund actively managed by USCF Advisers, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. UDI is actively managed, while BITI is passively managed. Over the past 3 years, UDI returned 17.35%/yr vs -31.62%/yr for BITI. At a correlation of -0.26, they often move in opposite directions. UDI charges 0.65%/yr vs 1.03%/yr for BITI.

Performance

UDI vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF ESG Dividend Income Fund (UDI) 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, UDI achieves a 16.41% return, which is significantly lower than BITI's 24.48% return.

UDI

• 1D: 1.40%
• 1M: 3.58%
• 6M: 14.12%
• YTD: 16.41%
• 1Y: 25.71%
• 3Y*: 17.35%
• 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)

UDI vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UDI USCF ESG Dividend Income Fund	16.41%	14.23%	17.07%	6.35%	13.15%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between UDI and BITI is -0.16, 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	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	-0.22
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.26

Return for Risk

UDI vs. BITI — Risk / Return Rank

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

UDI

UDI Risk / Return Rank: 91
UDI Sharpe Ratio Rank: 92
UDI Sortino Ratio Rank: 92
UDI Omega Ratio Rank: 89
UDI Calmar Ratio Rank: 91
UDI Martin Ratio Rank: 92

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.

UDI vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF ESG Dividend Income Fund (UDI) 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.

	UDI	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.55	1.47	+1.07
Sortino ratio: Return per unit of downside risk	3.69	2.04	+1.65
Omega ratio: Gain probability vs. loss probability	1.45	1.25	+0.20
Calmar ratio: Return relative to maximum drawdown	4.57	2.57	+2.00
Martin ratio: Return relative to average drawdown	17.38	6.38	+11.01

UDI vs. BITI - Sharpe Ratio Comparison

The current UDI Sharpe Ratio is 2.55, which is higher than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of UDI 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

UDI vs. BITI - Drawdown Comparison

The maximum UDI drawdown since its inception was -14.17%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for UDI and BITI.

Drawdown Indicators

	UDI	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-14.17%	-92.16%	+77.99%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-25.28%	+19.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-84.63%	+70.46%
Current Drawdown Current decline from peak	0.00%	-86.41%	+86.41%
Average Drawdown Average peak-to-trough decline	-3.03%	-68.40%	+65.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	10.16%	-8.68%

Volatility

UDI vs. BITI - Volatility Comparison

The current volatility for USCF ESG Dividend Income Fund (UDI) is 3.35%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that UDI 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

	UDI	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	10.76%	-7.41%
Volatility (6M) Calculated over the trailing 6-month period	7.45%	34.28%	-26.83%
Volatility (1Y) Calculated over the trailing 1-year period	10.17%	44.15%	-33.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	52.24%	-38.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.97%	52.24%	-38.27%

UDI vs. BITI - Expense Ratio Comparison

UDI has a 0.65% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

UDI vs. BITI - Dividend Comparison

UDI's dividend yield for the trailing twelve months is around 2.38%, 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%
UDI USCF ESG Dividend Income Fund	2.38%	2.42%	5.33%	2.61%	1.79%

Frequently Asked Questions

Can I hold both UDI and BITI in my portfolio?

UDI and BITI have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UDI or BITI?

BITI has higher volatility (10.76%) compared to UDI (3.35%). In terms of maximum drawdown, UDI dropped -14.17% vs BITI's -92.16%.

Which ETF is better, UDI or BITI?

On 3-year performance, UDI leads with 17.35% vs -31.62% for BITI. On fees, UDI is cheaper at 0.65% per year. On volatility, UDI has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDI or BITI?

Over the 3-year period, UDI has performed better with a 17.35% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDI or BITI?

UDI is cheaper with a 0.65% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 2.38% for UDI.

What is the main difference between UDI and BITI?

UDI is categorized as Large Cap Value Equities, while BITI is Cryptocurrency. They also come from different issuers: USCF Advisers and ProShares. Their fees differ too: 0.65% for UDI and 1.03% for BITI.

Which has better risk-adjusted returns?

UDI currently has the higher Sharpe Ratio (2.55 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.