VPL vs. BITI
VPL (Vanguard FTSE Pacific ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - VPL is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, VPL returned 18.95%/yr vs -31.62%/yr for BITI. At a correlation of -0.30, they often move in opposite directions. VPL charges 0.08%/yr vs 1.03%/yr for BITI.
Performance
VPL vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, VPL achieves a 20.74% return, which is significantly lower than BITI's 24.48% return.
VPL
- 1D
- -2.19%
- 1M
- -6.82%
- 6M
- 13.80%
- YTD
- 20.74%
- 1Y
- 39.48%
- 3Y*
- 18.95%
- 5Y*
- 9.32%
- 10Y*
- 9.59%
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
VPL vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VPL Vanguard FTSE Pacific ETF | 20.74% | 32.66% | 1.68% | 15.58% | 4.88% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between VPL and BITI is -0.39, 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 | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.30 |
The correlation between VPL and BITI shifts across timeframes, from -0.39 (1 year) to -0.26 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VPL vs. BITI — Risk / Return Rank
VPL
BITI
VPL vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) 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.
| VPL | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.57 | +0.41 |
| Martin ratioReturn relative to average drawdown | 10.30 | 6.38 | +3.92 |
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Drawdowns
VPL vs. BITI - Drawdown Comparison
The maximum VPL drawdown since its inception was -55.49%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for VPL and BITI.
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Drawdown Indicators
| VPL | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.49% | -92.16% | +36.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -25.28% | +11.95% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -84.63% | +68.28% |
Max Drawdown (5Y)Largest decline over 5 years | -31.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | — | — |
Current DrawdownCurrent decline from peak | -9.59% | -86.41% | +76.82% |
Average DrawdownAverage peak-to-trough decline | -11.59% | -68.40% | +56.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 10.16% | -6.32% |
Volatility
VPL vs. BITI - Volatility Comparison
The current volatility for Vanguard FTSE Pacific ETF (VPL) is 9.75%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that VPL 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
| VPL | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 10.76% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 20.98% | 34.28% | -13.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.10% | 44.15% | -21.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 52.24% | -34.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 52.24% | -34.62% |
VPL vs. BITI - Expense Ratio Comparison
VPL has a 0.08% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
VPL vs. BITI - Dividend Comparison
VPL's dividend yield for the trailing twelve months is around 2.77%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.62% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VPL Vanguard FTSE Pacific ETF | 2.77% | 4.01% | 3.15% | 3.12% | 2.75% | 3.19% | 1.81% | 2.84% | 3.06% | 2.57% | 2.65% | 2.43% |
Frequently Asked Questions
VPL and BITI have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.76%) compared to VPL (9.75%). In terms of maximum drawdown, VPL dropped -55.49% vs BITI's -92.16%.
On 3-year performance, VPL leads with 18.95% vs -31.62% for BITI. On fees, VPL is cheaper at 0.08% per year. On volatility, VPL has been the lower-risk option at 9.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VPL has performed better with a 18.95% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VPL is cheaper with a 0.08% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.62%, compared with 2.77% for VPL.
VPL is categorized as Asia Pacific Equities, while BITI is Cryptocurrency. VPL tracks FTSE Developed Asia Pacific Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.08% for VPL and 1.03% for BITI.
VPL currently has the higher Sharpe Ratio (1.72 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.
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