URAA vs. BITI

Last updated Aug 2, 2026

URAA (Direxion Daily Uranium Industry Bull 2X Shares) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - URAA is a Uranium fund tracking the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past year, URAA returned -17.19% vs 58.64% for BITI. Their -0.38 correlation means they have often moved in opposite directions in the past. URAA charges 1.28%/yr vs 1.03%/yr for BITI.

Performance

URAA vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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, URAA achieves a -33.35% return, which is significantly lower than BITI's 27.11% return.

URAA

• 1D: -2.37%
• 1M: -17.06%
• 6M: -57.33%
• YTD: -33.35%
• 1Y: -17.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -3.29%

BITI

• 1D: 3.01%
• 1M: -2.58%
• 6M: 22.77%
• YTD: 27.11%
• 1Y: 58.64%
• 3Y*: -31.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -35.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITI ProShares Short Bitcoin ETF	$24.10M	$26.49M	$38.71M
URAA Direxion Daily Uranium Industry Bull 2X Shares	$1.05M	$1.23M	$2.40M

URAA vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	-33.35%	88.33%	-25.73%
BITI ProShares Short Bitcoin ETF	27.11%	-1.76%	-40.36%

Correlation

The correlation between URAA and BITI is -0.41, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.41
Correlation (All Time) Calculated using the full available price history since Jun 26, 2024	-0.38

Return for Risk

URAA vs. BITI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

URAA

URAA Risk / Return Rank: 10
URAA Sharpe Ratio Rank: 8
URAA Sortino Ratio Rank: 14
URAA Omega Ratio Rank: 14
URAA Calmar Ratio Rank: 7
URAA Martin Ratio Rank: 7

BITI

BITI Risk / Return Rank: 61
BITI Sharpe Ratio Rank: 63
BITI Sortino Ratio Rank: 60
BITI Omega Ratio Rank: 55
BITI Calmar Ratio Rank: 73
BITI Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

URAA vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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.

	URAA	BITI	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	1.45	-1.66
Sortino ratio: Return per unit of downside risk	0.37	2.02	-1.65
Omega ratio: Gain probability vs. loss probability	1.04	1.24	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.30	2.53	-2.83
Martin ratio: Return relative to average drawdown	-0.57	6.17	-6.75

URAA vs. BITI - Sharpe Ratio Comparison

The current URAA Sharpe Ratio is -0.21, which is lower than the BITI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of URAA 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

URAA vs. BITI - Drawdown Comparison

The maximum URAA drawdown since its inception was -69.08%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for URAA and BITI.

Drawdown Indicators

	URAA	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-69.08%	-92.16%	+23.08%
Max Drawdown (1Y) Largest decline over 1 year	-69.08%	-25.28%	-43.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-66.44%	-86.12%	+19.68%
Average Drawdown Average peak-to-trough decline	-29.67%	-68.59%	+38.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.84%	10.35%	+25.49%

Volatility

URAA vs. BITI - Volatility Comparison

Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 26.55% compared to ProShares Short Bitcoin ETF (BITI) at 9.13%. This indicates that URAA'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

	URAA	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.55%	9.13%	+17.42%
Volatility (6M) Calculated over the trailing 6-month period	72.01%	33.31%	+38.70%
Volatility (1Y) Calculated over the trailing 1-year period	97.72%	44.23%	+53.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.21%	52.03%	+37.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.21%	52.03%	+37.18%

URAA vs. BITI - Expense Ratio Comparison

URAA has a 1.28% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

URAA vs. BITI - Dividend Comparison

URAA's dividend yield for the trailing twelve months is around 15.12%, less than BITI's 15.30% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.17%	1.60%	3.91%	3.33%	0.06%
URAA Direxion Daily Uranium Industry Bull 2X Shares	15.12%	9.14%	4.36%	0.00%	0.00%

Frequently Asked Questions

Can I hold both URAA and BITI in my portfolio?

URAA and BITI have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URAA or BITI?

URAA has higher volatility (26.55%) compared to BITI (9.13%). In terms of maximum drawdown, URAA dropped -69.08% vs BITI's -92.16%.

Which ETF is better, URAA or BITI?

On 1-year performance, BITI leads with 58.64% vs -17.19% for URAA. On fees, BITI is cheaper at 1.03% per year. On volatility, BITI has been the lower-risk option at 9.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAA or BITI?

Over the 1-year period, BITI has performed better with a 58.64% return vs -17.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAA or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 1.28% for URAA.

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

BITI has the higher dividend yield at 15.17%, compared with 15.12% for URAA.

What is the main difference between URAA and BITI?

URAA is categorized as Uranium, while BITI is Cryptocurrency. URAA tracks Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.28% for URAA and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.45 vs -0.21), 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.