VTWO vs. BITI

Last updated Jul 17, 2026

VTWO (Vanguard Russell 2000 ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - VTWO is a Small Cap Blend Equities fund tracking the Russell 2000 Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, VTWO returned 16.75%/yr vs -31.62%/yr for BITI. At a correlation of -0.42, they often move in opposite directions. VTWO charges 0.06%/yr vs 1.03%/yr for BITI.

Performance

VTWO vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Russell 2000 ETF (VTWO) 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, VTWO achieves a 20.72% return, which is significantly lower than BITI's 24.48% return.

VTWO

• 1D: -0.05%
• 1M: 1.27%
• 6M: 11.97%
• YTD: 20.72%
• 1Y: 35.48%
• 3Y*: 16.75%
• 5Y*: 8.09%
• 10Y*: 10.97%

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)

VTWO vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VTWO Vanguard Russell 2000 ETF	20.72%	12.90%	11.55%	17.08%	6.59%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between VTWO and BITI is -0.48, 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	-0.48
Correlation (3Y) Calculated over the trailing 3-year period	-0.41
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.42

Return for Risk

VTWO vs. BITI — Risk / Return Rank

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

VTWO

VTWO Risk / Return Rank: 73
VTWO Sharpe Ratio Rank: 72
VTWO Sortino Ratio Rank: 72
VTWO Omega Ratio Rank: 64
VTWO Calmar Ratio Rank: 78
VTWO Martin Ratio Rank: 78

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.

VTWO vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 ETF (VTWO) 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.

	VTWO	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.47	+0.37
Sortino ratio: Return per unit of downside risk	2.60	2.04	+0.56
Omega ratio: Gain probability vs. loss probability	1.31	1.25	+0.06
Calmar ratio: Return relative to maximum drawdown	3.24	2.57	+0.68
Martin ratio: Return relative to average drawdown	11.47	6.38	+5.10

VTWO vs. BITI - Sharpe Ratio Comparison

The current VTWO Sharpe Ratio is 1.84, which is comparable to the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of VTWO 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

VTWO vs. BITI - Drawdown Comparison

The maximum VTWO drawdown since its inception was -41.19%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for VTWO and BITI.

Drawdown Indicators

	VTWO	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-41.19%	-92.16%	+50.97%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-25.28%	+14.29%
Max Drawdown (3Y) Largest decline over 3 years	-27.57%	-84.63%	+57.06%
Max Drawdown (5Y) Largest decline over 5 years	-31.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.19%	—	—
Current Drawdown Current decline from peak	-1.56%	-86.41%	+84.85%
Average Drawdown Average peak-to-trough decline	-8.33%	-68.40%	+60.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	10.16%	-7.06%

Volatility

VTWO vs. BITI - Volatility Comparison

The current volatility for Vanguard Russell 2000 ETF (VTWO) is 3.76%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that VTWO 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

	VTWO	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	10.76%	-7.00%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	34.28%	-20.12%
Volatility (1Y) Calculated over the trailing 1-year period	19.35%	44.15%	-24.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.50%	52.24%	-29.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.04%	52.24%	-29.20%

VTWO vs. BITI - Expense Ratio Comparison

VTWO has a 0.06% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

VTWO vs. BITI - Dividend Comparison

VTWO's dividend yield for the trailing twelve months is around 1.10%, 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%
VTWO Vanguard Russell 2000 ETF	1.10%	1.25%	1.21%	1.45%	1.48%	1.13%	0.92%	1.36%	1.41%	1.18%	1.27%	1.23%

Frequently Asked Questions

Can I hold both VTWO and BITI in my portfolio?

VTWO and BITI have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTWO or BITI?

BITI has higher volatility (10.76%) compared to VTWO (3.76%). In terms of maximum drawdown, VTWO dropped -41.19% vs BITI's -92.16%.

Which ETF is better, VTWO or BITI?

On 3-year performance, VTWO leads with 16.75% vs -31.62% for BITI. On fees, VTWO is cheaper at 0.06% per year. On volatility, VTWO has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTWO or BITI?

Over the 3-year period, VTWO has performed better with a 16.75% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTWO or BITI?

VTWO is cheaper with a 0.06% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.62%, compared with 1.10% for VTWO.

What is the main difference between VTWO and BITI?

VTWO is categorized as Small Cap Blend Equities, while BITI is Cryptocurrency. VTWO tracks Russell 2000 Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.06% for VTWO and 1.03% for BITI.

Which has better risk-adjusted returns?

VTWO currently has the higher Sharpe Ratio (1.84 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.