WUGI vs. BITI

Last updated Jul 17, 2026

WUGI (Esoterica NextG Economy ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - WUGI is a Large Cap Growth Equities fund actively managed by Esoterica, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. WUGI is actively managed, while BITI is passively managed. Over the past 3 years, WUGI returned 28.74%/yr vs -31.62%/yr for BITI. At a correlation of -0.38, they often move in opposite directions. WUGI charges 0.75%/yr vs 1.03%/yr for BITI.

Performance

WUGI vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Esoterica NextG Economy ETF (WUGI) 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, WUGI achieves a 14.93% return, which is significantly lower than BITI's 24.48% return.

WUGI

• 1D: -4.31%
• 1M: -7.81%
• 6M: 13.48%
• YTD: 14.93%
• 1Y: 24.13%
• 3Y*: 28.74%
• 5Y*: 14.18%
• 10Y*: —

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)

WUGI vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WUGI Esoterica NextG Economy ETF	14.93%	22.66%	47.14%	61.30%	-15.67%
BITI ProShares Short Bitcoin ETF	24.48%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between WUGI and BITI is -0.46, 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	-0.46
Correlation (3Y) Calculated over the trailing 3-year period	-0.35
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.38

The correlation between WUGI and BITI shifts across timeframes, from -0.46 (1 year) to -0.35 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

WUGI vs. BITI — Risk / Return Rank

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

WUGI

WUGI Risk / Return Rank: 30
WUGI Sharpe Ratio Rank: 28
WUGI Sortino Ratio Rank: 27
WUGI Omega Ratio Rank: 28
WUGI Calmar Ratio Rank: 32
WUGI Martin Ratio Rank: 34

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.

WUGI vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Esoterica NextG Economy ETF (WUGI) 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.

	WUGI	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.83	1.47	-0.64
Sortino ratio: Return per unit of downside risk	1.26	2.04	-0.78
Omega ratio: Gain probability vs. loss probability	1.16	1.25	-0.08
Calmar ratio: Return relative to maximum drawdown	1.35	2.57	-1.22
Martin ratio: Return relative to average drawdown	4.13	6.38	-2.25

WUGI vs. BITI - Sharpe Ratio Comparison

The current WUGI Sharpe Ratio is 0.83, which is lower than the BITI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of WUGI 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

WUGI vs. BITI - Drawdown Comparison

The maximum WUGI drawdown since its inception was -56.41%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for WUGI and BITI.

Drawdown Indicators

	WUGI	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-56.41%	-92.16%	+35.75%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	-25.28%	+7.29%
Max Drawdown (3Y) Largest decline over 3 years	-27.49%	-84.63%	+57.14%
Max Drawdown (5Y) Largest decline over 5 years	-56.41%	—	—
Current Drawdown Current decline from peak	-13.55%	-86.41%	+72.86%
Average Drawdown Average peak-to-trough decline	-16.45%	-68.40%	+51.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.86%	10.16%	-4.30%

Volatility

WUGI vs. BITI - Volatility Comparison

Esoterica NextG Economy ETF (WUGI) has a higher volatility of 14.47% compared to ProShares Short Bitcoin ETF (BITI) at 10.76%. This indicates that WUGI'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

	WUGI	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.47%	10.76%	+3.71%
Volatility (6M) Calculated over the trailing 6-month period	26.10%	34.28%	-8.18%
Volatility (1Y) Calculated over the trailing 1-year period	29.08%	44.15%	-15.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.69%	52.24%	-20.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.44%	52.24%	-20.80%

WUGI vs. BITI - Expense Ratio Comparison

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

Dividends

WUGI vs. BITI - Dividend Comparison

WUGI's dividend yield for the trailing twelve months is around 19.87%, more than BITI's 15.62% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.62%	1.60%	3.91%	3.33%	0.06%
WUGI Esoterica NextG Economy ETF	19.87%	22.83%	4.09%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WUGI and BITI in my portfolio?

WUGI and BITI have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WUGI or BITI?

WUGI has higher volatility (14.47%) compared to BITI (10.76%). In terms of maximum drawdown, WUGI dropped -56.41% vs BITI's -92.16%.

Which ETF is better, WUGI or BITI?

On 3-year performance, WUGI leads with 28.74% vs -31.62% for BITI. On fees, WUGI is cheaper at 0.75% per year. On volatility, BITI has been the lower-risk option at 10.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WUGI or BITI?

Over the 3-year period, WUGI has performed better with a 28.74% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WUGI or BITI?

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

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

WUGI has the higher dividend yield at 19.87%, compared with 15.62% for BITI.

What is the main difference between WUGI and BITI?

WUGI is categorized as Large Cap Growth Equities, while BITI is Cryptocurrency. They also come from different issuers: Esoterica and ProShares. Their fees differ too: 0.75% for WUGI and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.47 vs 0.83), 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.