XDAT vs. BITI
XDAT (Franklin Exponential Data ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - XDAT is a Technology Equities fund actively managed by Franklin Templeton, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. XDAT is actively managed, while BITI is passively managed. Over the past 3 years, XDAT returned 11.37%/yr vs -32.35%/yr for BITI. Their -0.36 correlation means they have often moved in opposite directions in the past. XDAT charges 0.50%/yr vs 1.03%/yr for BITI.
Performance
XDAT vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, XDAT achieves a -0.52% return, which is significantly lower than BITI's 25.22% return.
XDAT
- 1D
- 3.70%
- 1M
- 3.05%
- 6M
- 9.55%
- YTD
- -0.52%
- 1Y
- -2.03%
- 3Y*
- 11.37%
- 5Y*
- -1.82%
- 10Y*
- —
- ALL TIME*
- 0.44%
BITI
- 1D
- -1.48%
- 1M
- -4.03%
- 6M
- 13.09%
- YTD
- 25.22%
- 1Y
- 56.28%
- 3Y*
- -32.35%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $24.18M | $25.87M | $38.72M | |
| $42.52K | $24.92K | $17.00K |
XDAT vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XDAT Franklin Exponential Data ETF | -0.52% | 1.87% | 16.54% | 45.77% | -4.04% |
BITI ProShares Short Bitcoin ETF | 25.22% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between XDAT and BITI is -0.45, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.45 |
Correlation (3Y) Balances recent behavior with more history. | -0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.36 |
The correlation between XDAT and BITI shifts across timeframes, from -0.45 (1 year) to -0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XDAT vs. BITI — Risk / Return Rank
XDAT
BITI
XDAT vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Exponential Data ETF (XDAT) 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.
| XDAT | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.22 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.24 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.14 | 5.45 | -5.59 |
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Drawdowns
XDAT vs. BITI - Drawdown Comparison
The maximum XDAT drawdown since its inception was -54.87%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for XDAT and BITI.
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Drawdown Indicators
| XDAT | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.87% | -92.16% | +37.29% |
Max Drawdown (1Y)Largest decline over 1 year | -29.56% | -25.28% | -4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -29.56% | -84.63% | +55.07% |
Max Drawdown (5Y)Largest decline over 5 years | -54.87% | — | — |
Current DrawdownCurrent decline from peak | -16.77% | -86.33% | +69.56% |
Average DrawdownAverage peak-to-trough decline | -25.73% | -68.61% | +42.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.89% | 10.37% | +4.52% |
Volatility
XDAT vs. BITI - Volatility Comparison
The current volatility for Franklin Exponential Data ETF (XDAT) is 7.45%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 8.93%. This indicates that XDAT 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
| XDAT | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 8.93% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.83% | 33.35% | -12.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.26% | 44.25% | -18.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.69% | 52.01% | -22.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 52.01% | -22.64% |
XDAT vs. BITI - Expense Ratio Comparison
XDAT has a 0.50% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
XDAT vs. BITI - Dividend Comparison
XDAT has not paid dividends to shareholders, while BITI's dividend yield for the trailing twelve months is around 21.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 21.80% | 1.60% | 3.91% | 3.33% | 0.06% |
XDAT Franklin Exponential Data ETF | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% |
Frequently Asked Questions
XDAT and BITI have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (8.93%) compared to XDAT (7.45%). In terms of maximum drawdown, XDAT dropped -54.87% vs BITI's -92.16%.
On 3-year performance, XDAT leads with 11.37% vs -32.35% for BITI. On fees, XDAT is cheaper at 0.50% per year. On volatility, XDAT has been the lower-risk option at 7.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XDAT has performed better with a 11.37% return vs -32.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDAT is cheaper with a 0.50% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 21.80%, compared with 0.00% for XDAT.
XDAT is categorized as Technology Equities, while BITI is Cryptocurrency. They also come from different issuers: Franklin Templeton and ProShares. Their fees differ too: 0.50% for XDAT and 1.03% for BITI.
BITI currently has the higher Sharpe Ratio (1.28 vs -0.08), 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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