WTAI vs. BITI
WTAI (WisdomTree Artificial Intelligence and Innovation Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - WTAI is a Technology Equities fund tracking the WisdomTree Artificial Intelligence & Innovation Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, WTAI returned 29.12%/yr vs -30.65%/yr for BITI. At a correlation of -0.41, they often move in opposite directions. WTAI charges 0.45%/yr vs 1.03%/yr for BITI.
Performance
WTAI vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, WTAI achieves a 42.72% return, which is significantly higher than BITI's 28.75% return.
WTAI
- 1D
- -5.02%
- 1M
- -6.16%
- 6M
- 35.96%
- YTD
- 42.72%
- 1Y
- 73.72%
- 3Y*
- 29.12%
- 5Y*
- —
- 10Y*
- —
BITI
- 1D
- 2.65%
- 1M
- 1.46%
- 6M
- 34.68%
- YTD
- 28.75%
- 1Y
- 68.34%
- 3Y*
- -30.65%
- 5Y*
- —
- 10Y*
- —
WTAI vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 42.72% | 34.83% | 6.53% | 46.32% | -5.99% |
BITI ProShares Short Bitcoin ETF | 28.75% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between WTAI 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 | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.41 |
The correlation between WTAI and BITI shifts across timeframes, from -0.48 (1 year) to -0.38 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
WTAI vs. BITI — Risk / Return Rank
WTAI
BITI
WTAI vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) 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.
| WTAI | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 2.72 | +2.09 |
| Martin ratioReturn relative to average drawdown | 13.50 | 6.78 | +6.72 |
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Drawdowns
WTAI vs. BITI - Drawdown Comparison
The maximum WTAI drawdown since its inception was -45.96%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for WTAI and BITI.
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Drawdown Indicators
| WTAI | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.96% | -92.16% | +46.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.42% | -25.28% | +9.86% |
Max Drawdown (3Y)Largest decline over 3 years | -31.83% | -84.63% | +52.80% |
Current DrawdownCurrent decline from peak | -13.98% | -85.94% | +71.96% |
Average DrawdownAverage peak-to-trough decline | -19.55% | -68.34% | +48.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 10.11% | -4.63% |
Volatility
WTAI vs. BITI - Volatility Comparison
WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a higher volatility of 19.10% compared to ProShares Short Bitcoin ETF (BITI) at 11.38%. This indicates that WTAI'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.
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Volatility by Period
| WTAI | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.10% | 11.38% | +7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 30.66% | 34.25% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.06% | 44.14% | -9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.20% | 52.28% | -20.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.20% | 52.28% | -20.08% |
WTAI vs. BITI - Expense Ratio Comparison
WTAI has a 0.45% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
WTAI vs. BITI - Dividend Comparison
WTAI's dividend yield for the trailing twelve months is around 1.27%, less than BITI's 15.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.10% | 1.60% | 3.91% | 3.33% | 0.06% |
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 1.27% | 1.81% | 0.19% | 0.24% | 0.22% |
Frequently Asked Questions
WTAI 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.
WTAI has higher volatility (19.10%) compared to BITI (11.38%). In terms of maximum drawdown, WTAI dropped -45.96% vs BITI's -92.16%.
On 3-year performance, WTAI leads with 29.12% vs -30.65% for BITI. On fees, WTAI is cheaper at 0.45% per year. On volatility, BITI has been the lower-risk option at 11.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WTAI has performed better with a 29.12% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTAI is cheaper with a 0.45% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.10%, compared with 1.27% for WTAI.
WTAI is categorized as Technology Equities, while BITI is Cryptocurrency. WTAI tracks WisdomTree Artificial Intelligence & Innovation Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.45% for WTAI and 1.03% for BITI.
WTAI currently has the higher Sharpe Ratio (2.12 vs 1.56), 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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