VOLT vs. BITI

Last updated Aug 2, 2026

VOLT (Tema Electrification ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - VOLT is a Global Equities fund actively managed by Tema, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. VOLT is actively managed, while BITI is passively managed. Over the past year, VOLT returned 38.01% vs 58.64% for BITI. Their -0.36 correlation means they have often moved in opposite directions in the past. VOLT charges 0.75%/yr vs 1.03%/yr for BITI.

Performance

VOLT vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Electrification ETF (VOLT) and ProShares Short Bitcoin ETF (BITI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VOLT having a 28.30% return and BITI slightly lower at 27.11%.

VOLT

• 1D: 1.62%
• 1M: -5.26%
• 6M: 15.18%
• YTD: 28.30%
• 1Y: 38.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.26%

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
VOLT Tema Electrification ETF	$11.21M	$11.77M	$15.67M

VOLT vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VOLT Tema Electrification ETF	28.30%	25.92%	-8.98%
BITI ProShares Short Bitcoin ETF	27.11%	-1.76%	1.66%

Correlation

The correlation between VOLT and BITI is -0.36, 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.	-0.36
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	-0.36

Return for Risk

VOLT vs. BITI — Risk / Return Rank

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

VOLT

VOLT Risk / Return Rank: 63
VOLT Sharpe Ratio Rank: 66
VOLT Sortino Ratio Rank: 61
VOLT Omega Ratio Rank: 61
VOLT Calmar Ratio Rank: 61
VOLT Martin Ratio Rank: 67

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.

VOLT vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Electrification ETF (VOLT) 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.

	VOLT	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.45	+0.06
Sortino ratio: Return per unit of downside risk	2.04	2.02	+0.02
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.02
Calmar ratio: Return relative to maximum drawdown	2.14	2.53	-0.40
Martin ratio: Return relative to average drawdown	8.15	6.17	+1.97

VOLT vs. BITI - Sharpe Ratio Comparison

The current VOLT Sharpe Ratio is 1.50, which is comparable to the BITI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of VOLT 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

VOLT vs. BITI - Drawdown Comparison

The maximum VOLT drawdown since its inception was -23.40%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for VOLT and BITI.

Drawdown Indicators

	VOLT	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-92.16%	+68.76%
Max Drawdown (1Y) Largest decline over 1 year	-17.22%	-25.28%	+8.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-11.75%	-86.12%	+74.37%
Average Drawdown Average peak-to-trough decline	-5.34%	-68.59%	+63.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	10.35%	-5.85%

Volatility

VOLT vs. BITI - Volatility Comparison

Tema Electrification ETF (VOLT) has a higher volatility of 9.95% compared to ProShares Short Bitcoin ETF (BITI) at 9.13%. This indicates that VOLT'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

	VOLT	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.95%	9.13%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	21.11%	33.31%	-12.20%
Volatility (1Y) Calculated over the trailing 1-year period	24.43%	44.23%	-19.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.46%	52.03%	-26.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.46%	52.03%	-26.57%

VOLT vs. BITI - Expense Ratio Comparison

VOLT has a 0.75% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

VOLT vs. BITI - Dividend Comparison

VOLT's dividend yield for the trailing twelve months is around 0.36%, 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%
VOLT Tema Electrification ETF	0.36%	0.46%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VOLT and BITI in my portfolio?

VOLT and BITI have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOLT or BITI?

VOLT has higher volatility (9.95%) compared to BITI (9.13%). In terms of maximum drawdown, VOLT dropped -23.40% vs BITI's -92.16%.

Which ETF is better, VOLT or BITI?

On 1-year performance, BITI leads with 58.64% vs 38.01% for VOLT. On fees, VOLT is cheaper at 0.75% 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, VOLT or BITI?

Over the 1-year period, BITI has performed better with a 58.64% return vs 38.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOLT or BITI?

VOLT is cheaper with a 0.75% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.17%, compared with 0.36% for VOLT.

What is the main difference between VOLT and BITI?

VOLT is categorized as Global Equities, while BITI is Cryptocurrency. They also come from different issuers: Tema and ProShares. Their fees differ too: 0.75% for VOLT and 1.03% for BITI.

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (1.50 vs 1.45), 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.