XLKI vs. BITI

Last updated Aug 2, 2026

XLKI (State Street Technology Select Sector SPDR Premium Income ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - XLKI is a Technology Equities fund actively managed by State Street, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. XLKI is actively managed, while BITI is passively managed. Over the past year, XLKI returned 24.59% vs 58.64% for BITI. Their -0.47 correlation means they have often moved in opposite directions in the past. XLKI charges 0.35%/yr vs 1.03%/yr for BITI.

Performance

XLKI vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR Premium Income ETF (XLKI) 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, XLKI achieves a 10.67% return, which is significantly lower than BITI's 27.11% return.

XLKI

• 1D: 0.01%
• 1M: -1.06%
• 6M: 9.29%
• YTD: 10.67%
• 1Y: 24.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.71%

BITI

• 1D: 3.01%
• 1M: -2.58%
• 6M: 22.77%
• YTD: 27.11%
• 1Y: 58.64%
• 3Y*: -31.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -35.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITI ProShares Short Bitcoin ETF	$24.10M	$26.49M	$38.71M
XLKI State Street Technology Select Sector SPDR Premium Income ETF	$514.98K	$430.22K	$356.64K

XLKI vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
XLKI State Street Technology Select Sector SPDR Premium Income ETF	10.67%	10.02%
BITI ProShares Short Bitcoin ETF	27.11%	29.88%

Correlation

The correlation between XLKI and BITI is -0.47, 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.	-0.47
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	-0.47

Return for Risk

XLKI vs. BITI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XLKI

XLKI Risk / Return Rank: 51
XLKI Sharpe Ratio Rank: 46
XLKI Sortino Ratio Rank: 43
XLKI Omega Ratio Rank: 47
XLKI Calmar Ratio Rank: 57
XLKI Martin Ratio Rank: 60

BITI

BITI Risk / Return Rank: 61
BITI Sharpe Ratio Rank: 63
BITI Sortino Ratio Rank: 60
BITI Omega Ratio Rank: 55
BITI Calmar Ratio Rank: 73
BITI Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XLKI vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR Premium Income ETF (XLKI) 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.

	XLKI	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.45	-0.31
Sortino ratio: Return per unit of downside risk	1.61	2.02	-0.41
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.03
Calmar ratio: Return relative to maximum drawdown	2.02	2.53	-0.52
Martin ratio: Return relative to average drawdown	7.10	6.17	+0.93

XLKI vs. BITI - Sharpe Ratio Comparison

The current XLKI Sharpe Ratio is 1.13, which is comparable to the BITI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of XLKI 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

XLKI vs. BITI - Drawdown Comparison

The maximum XLKI drawdown since its inception was -11.21%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for XLKI and BITI.

Drawdown Indicators

	XLKI	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-11.21%	-92.16%	+80.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.21%	-25.28%	+14.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-6.73%	-86.12%	+79.39%
Average Drawdown Average peak-to-trough decline	-2.16%	-68.59%	+66.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	10.35%	-7.17%

Volatility

XLKI vs. BITI - Volatility Comparison

State Street Technology Select Sector SPDR Premium Income ETF (XLKI) and ProShares Short Bitcoin ETF (BITI) have volatilities of 8.68% and 9.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLKI	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.68%	9.13%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	17.55%	33.31%	-15.76%
Volatility (1Y) Calculated over the trailing 1-year period	19.96%	44.23%	-24.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	52.03%	-32.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	52.03%	-32.11%

XLKI vs. BITI - Expense Ratio Comparison

XLKI has a 0.35% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

XLKI vs. BITI - Dividend Comparison

XLKI's dividend yield for the trailing twelve months is around 17.91%, more than BITI's 15.30% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.17%	1.60%	3.91%	3.33%	0.06%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	17.91%	8.52%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLKI and BITI in my portfolio?

XLKI and BITI have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLKI or BITI?

BITI has higher volatility (9.13%) compared to XLKI (8.68%). In terms of maximum drawdown, XLKI dropped -11.21% vs BITI's -92.16%.

Which ETF is better, XLKI or BITI?

On 1-year performance, BITI leads with 58.64% vs 24.59% for XLKI. On fees, XLKI is cheaper at 0.35% per year. On volatility, XLKI has been the lower-risk option at 8.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLKI or BITI?

Over the 1-year period, BITI has performed better with a 58.64% return vs 24.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLKI or BITI?

XLKI is cheaper with a 0.35% expense ratio, compared with 1.03% for BITI.

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

XLKI has the higher dividend yield at 17.91%, compared with 15.17% for BITI.

What is the main difference between XLKI and BITI?

XLKI is categorized as Technology Equities, while BITI is Cryptocurrency. They also come from different issuers: State Street and ProShares. Their fees differ too: 0.35% for XLKI and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.45 vs 1.13), 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.