VCR vs. BITI
VCR (Vanguard Consumer Discretionary ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - VCR is a Consumer Discretionary Equities fund tracking the MSCI US Investable Market Consumer Discretionary 25/50 Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, VCR returned 11.18%/yr vs -31.54%/yr for BITI. At a correlation of -0.40, they often move in opposite directions. VCR charges 0.10%/yr vs 1.03%/yr for BITI.
Performance
VCR vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, VCR achieves a -0.08% return, which is significantly lower than BITI's 23.84% return.
VCR
- 1D
- -0.08%
- 1M
- 0.01%
- 6M
- -4.33%
- YTD
- -0.08%
- 1Y
- 6.57%
- 3Y*
- 11.18%
- 5Y*
- 5.44%
- 10Y*
- 13.26%
BITI
- 1D
- -3.81%
- 1M
- -2.41%
- 6M
- 34.02%
- YTD
- 23.84%
- 1Y
- 64.31%
- 3Y*
- -31.54%
- 5Y*
- —
- 10Y*
- —
VCR vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VCR Vanguard Consumer Discretionary ETF | -0.08% | 5.77% | 24.27% | 40.38% | -2.34% |
BITI ProShares Short Bitcoin ETF | 23.84% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between VCR and BITI is -0.40, 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 | -0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.40 |
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Return for Risk
VCR vs. BITI — Risk / Return Rank
VCR
BITI
VCR vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Consumer Discretionary ETF (VCR) 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.
| VCR | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.24 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.56 | -2.13 |
| Martin ratioReturn relative to average drawdown | 1.26 | 6.37 | -5.11 |
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Drawdowns
VCR vs. BITI - Drawdown Comparison
The maximum VCR drawdown since its inception was -61.54%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for VCR and BITI.
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Drawdown Indicators
| VCR | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.54% | -92.16% | +30.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -25.28% | +9.69% |
Max Drawdown (3Y)Largest decline over 3 years | -27.36% | -84.63% | +57.27% |
Max Drawdown (5Y)Largest decline over 5 years | -39.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.20% | — | — |
Current DrawdownCurrent decline from peak | -4.63% | -86.48% | +81.85% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -68.36% | +58.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 10.13% | -4.91% |
Volatility
VCR vs. BITI - Volatility Comparison
The current volatility for Vanguard Consumer Discretionary ETF (VCR) is 5.65%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.73%. This indicates that VCR 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.
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Volatility by Period
| VCR | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 11.73% | -6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 34.49% | -20.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 44.24% | -25.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.15% | 52.29% | -28.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 52.29% | -29.86% |
VCR vs. BITI - Expense Ratio Comparison
VCR has a 0.10% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
VCR vs. BITI - Dividend Comparison
VCR's dividend yield for the trailing twelve months is around 0.73%, less than BITI's 15.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.70% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCR Vanguard Consumer Discretionary ETF | 0.73% | 0.74% | 0.74% | 0.84% | 0.98% | 0.79% | 1.71% | 1.17% | 1.37% | 1.21% | 1.60% | 1.32% |
Frequently Asked Questions
VCR and BITI have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (11.73%) compared to VCR (5.65%). In terms of maximum drawdown, VCR dropped -61.54% vs BITI's -92.16%.
On 3-year performance, VCR leads with 11.18% vs -31.54% for BITI. On fees, VCR is cheaper at 0.10% per year. On volatility, VCR has been the lower-risk option at 5.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VCR has performed better with a 11.18% return vs -31.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCR is cheaper with a 0.10% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.70%, compared with 0.73% for VCR.
VCR is categorized as Consumer Discretionary Equities, while BITI is Cryptocurrency. VCR tracks MSCI US Investable Market Consumer Discretionary 25/50 Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.10% for VCR and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.46 vs 0.35), 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.
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