XTL vs. BITI
XTL (SPDR S&P Telecom ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - XTL is a Communications Equities fund tracking the S&P Telecom Select Industry Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, XTL returned 44.28%/yr vs -30.65%/yr for BITI. At a correlation of -0.35, they often move in opposite directions. XTL charges 0.35%/yr vs 1.03%/yr for BITI.
Performance
XTL vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XTL achieves a 42.21% return, which is significantly higher than BITI's 28.75% return.
XTL
- 1D
- -1.93%
- 1M
- -5.99%
- 6M
- 37.00%
- YTD
- 42.21%
- 1Y
- 87.18%
- 3Y*
- 44.28%
- 5Y*
- 18.06%
- 10Y*
- 14.80%
BITI
- 1D
- 2.65%
- 1M
- 1.46%
- 6M
- 34.68%
- YTD
- 28.75%
- 1Y
- 68.34%
- 3Y*
- -30.65%
- 5Y*
- —
- 10Y*
- —
XTL vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTL SPDR S&P Telecom ETF | 42.21% | 44.95% | 34.89% | -1.17% | 7.52% |
BITI ProShares Short Bitcoin ETF | 28.75% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between XTL and BITI is -0.43, 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 | -0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.35 |
The correlation between XTL and BITI shifts across timeframes, from -0.43 (1 year) to -0.32 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XTL vs. BITI — Risk / Return Rank
XTL
BITI
XTL vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Telecom ETF (XTL) 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.
| XTL | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.26 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.96 | 2.72 | +3.24 |
| Martin ratioReturn relative to average drawdown | 19.07 | 6.78 | +12.29 |
Loading charts...
Drawdowns
XTL vs. BITI - Drawdown Comparison
The maximum XTL drawdown since its inception was -37.01%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for XTL and BITI.
Loading charts...
Drawdown Indicators
| XTL | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -92.16% | +55.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.70% | -25.28% | +10.58% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -84.63% | +61.84% |
Max Drawdown (5Y)Largest decline over 5 years | -36.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.01% | — | — |
Current DrawdownCurrent decline from peak | -12.31% | -85.94% | +73.63% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -68.34% | +58.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 10.11% | -5.52% |
Volatility
XTL vs. BITI - Volatility Comparison
The current volatility for SPDR S&P Telecom ETF (XTL) is 9.29%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that XTL 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.
Loading charts...
Volatility by Period
| XTL | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 11.38% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 23.85% | 34.25% | -10.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.87% | 44.14% | -13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.53% | 52.28% | -26.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.68% | 52.28% | -28.60% |
XTL vs. BITI - Expense Ratio Comparison
XTL has a 0.35% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
XTL vs. BITI - Dividend Comparison
XTL's dividend yield for the trailing twelve months is around 1.23%, less than BITI's 15.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.10% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XTL SPDR S&P Telecom ETF | 1.23% | 1.05% | 0.62% | 0.80% | 0.74% | 1.25% | 0.88% | 0.92% | 1.90% | 2.08% | 1.11% | 1.38% |
Frequently Asked Questions
XTL and BITI have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (11.38%) compared to XTL (9.29%). In terms of maximum drawdown, XTL dropped -37.01% vs BITI's -92.16%.
On 3-year performance, XTL leads with 44.28% vs -30.65% for BITI. On fees, XTL is cheaper at 0.35% per year. On volatility, XTL has been the lower-risk option at 9.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XTL has performed better with a 44.28% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTL is cheaper with a 0.35% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.10%, compared with 1.23% for XTL.
XTL is categorized as Communications Equities, while BITI is Cryptocurrency. XTL tracks S&P Telecom Select Industry Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: State Street and ProShares. Their fees differ too: 0.35% for XTL and 1.03% for BITI.
XTL currently has the higher Sharpe Ratio (2.84 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.
Find the right allocation for XTL and BITI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer