WTPI vs. BITI
WTPI (WisdomTree Equity Premium Income Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - WTPI is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, WTPI returned 12.68%/yr vs -31.62%/yr for BITI. At a correlation of -0.29, they often move in opposite directions. WTPI charges 0.44%/yr vs 1.03%/yr for BITI.
Performance
WTPI vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, WTPI achieves a 4.93% return, which is significantly lower than BITI's 24.48% return.
WTPI
- 1D
- -0.27%
- 1M
- 0.31%
- 6M
- 2.88%
- YTD
- 4.93%
- 1Y
- 15.42%
- 3Y*
- 12.68%
- 5Y*
- 9.59%
- 10Y*
- 8.12%
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
WTPI vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 4.93% | 14.45% | 17.18% | 15.53% | -0.83% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between WTPI and BITI is -0.41, 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 | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.29 |
The correlation between WTPI and BITI shifts across timeframes, from -0.41 (1 year) to -0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WTPI vs. BITI — Risk / Return Rank
WTPI
BITI
WTPI vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) 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.
| WTPI | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.57 | -0.40 |
| Martin ratioReturn relative to average drawdown | 10.13 | 6.38 | +3.75 |
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Drawdowns
WTPI vs. BITI - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for WTPI and BITI.
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Drawdown Indicators
| WTPI | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -92.16% | +63.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -25.28% | +18.13% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -84.63% | +69.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -86.41% | +86.14% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -68.40% | +64.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 10.16% | -8.63% |
Volatility
WTPI vs. BITI - Volatility Comparison
The current volatility for WisdomTree Equity Premium Income Fund (WTPI) is 2.13%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that WTPI 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
| WTPI | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 10.76% | -8.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 34.28% | -26.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.31% | 44.15% | -34.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 52.24% | -40.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 52.24% | -39.01% |
WTPI vs. BITI - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
WTPI vs. BITI - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.14%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WTPI WisdomTree Equity Premium Income Fund | 12.14% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
Frequently Asked Questions
WTPI and BITI have a correlation of -0.41, 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 WTPI (2.13%). In terms of maximum drawdown, WTPI dropped -28.40% vs BITI's -92.16%.
On 3-year performance, WTPI leads with 12.68% vs -31.62% for BITI. On fees, WTPI is cheaper at 0.44% per year. On volatility, WTPI has been the lower-risk option at 2.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WTPI has performed better with a 12.68% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTPI is cheaper with a 0.44% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.62%, compared with 12.14% for WTPI.
WTPI is categorized as Derivative Income, while BITI is Cryptocurrency. WTPI tracks Volos U.S. Large Cap Target 2.5% PutWrite Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: WisdomTree and ProShares. Their fees differ too: 0.44% for WTPI and 1.03% for BITI.
WTPI currently has the higher Sharpe Ratio (1.67 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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