XXRP vs. BITI

Last updated Aug 4, 2026

XXRP (Teucrium 2x Long Daily XRP ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - XXRP is a Leveraged Cryptocurrency fund actively managed by Teucrium, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. XXRP is actively managed, while BITI is passively managed. Over the past year, XXRP returned -94.61% vs 56.28% for BITI. Their -0.83 correlation means they have often moved in opposite directions in the past. XXRP charges 1.89%/yr vs 1.03%/yr for BITI.

Performance

XXRP vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teucrium 2x Long Daily XRP ETF (XXRP) 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, XXRP achieves a -77.57% return, which is significantly lower than BITI's 25.22% return.

XXRP

• 1D: 3.54%
• 1M: -4.00%
• 6M: -68.90%
• YTD: -77.57%
• 1Y: -94.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -84.67%

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%

*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	$24.18M	$25.87M	$38.72M
XXRP Teucrium 2x Long Daily XRP ETF	$3.46M	$3.65M	$7.63M

XXRP vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025
XXRP Teucrium 2x Long Daily XRP ETF	-77.57%	-62.48%
BITI ProShares Short Bitcoin ETF	25.22%	-14.37%

Correlation

The correlation between XXRP and BITI is -0.86, 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.	-0.86
Correlation (All Time) Calculated using the full available price history since Apr 8, 2025	-0.83

The correlation between XXRP and BITI has been stable across timeframes, ranging from -0.86 to -0.83 - a consistent structural relationship.

Return for Risk

XXRP vs. BITI — Risk / Return Rank

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

XXRP

XXRP Risk / Return Rank: 2
XXRP Sharpe Ratio Rank: 4
XXRP Sortino Ratio Rank: 1
XXRP Omega Ratio Rank: 1
XXRP Calmar Ratio Rank: 0
XXRP Martin Ratio Rank: 3

BITI

BITI Risk / Return Rank: 51
BITI Sharpe Ratio Rank: 51
BITI Sortino Ratio Rank: 51
BITI Omega Ratio Rank: 47
BITI Calmar Ratio Rank: 62
BITI Martin Ratio Rank: 47

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.

XXRP vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teucrium 2x Long Daily XRP ETF (XXRP) 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.

	XXRP	BITI	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	1.28	-1.94
Sortino ratio: Return per unit of downside risk	-1.89	1.86	-3.75
Omega ratio: Gain probability vs. loss probability	0.80	1.22	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.99	2.24	-3.23
Martin ratio: Return relative to average drawdown	-1.23	5.45	-6.68

XXRP vs. BITI - Sharpe Ratio Comparison

The current XXRP Sharpe Ratio is -0.66, which is lower than the BITI Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of XXRP 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

XXRP vs. BITI - Drawdown Comparison

The maximum XXRP drawdown since its inception was -96.66%, roughly equal to the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for XXRP and BITI.

Drawdown Indicators

	XXRP	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-96.66%	-92.16%	-4.50%
Max Drawdown (1Y) Largest decline over 1 year	-95.81%	-25.28%	-70.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-96.45%	-86.33%	-10.12%
Average Drawdown Average peak-to-trough decline	-64.01%	-68.61%	+4.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.05%	10.37%	+66.68%

Volatility

XXRP vs. BITI - Volatility Comparison

Teucrium 2x Long Daily XRP ETF (XXRP) has a higher volatility of 24.45% compared to ProShares Short Bitcoin ETF (BITI) at 8.93%. This indicates that XXRP'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

	XXRP	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.45%	8.93%	+15.52%
Volatility (6M) Calculated over the trailing 6-month period	101.99%	33.35%	+68.64%
Volatility (1Y) Calculated over the trailing 1-year period	143.57%	44.25%	+99.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.98%	52.01%	+90.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.98%	52.01%	+90.97%

XXRP vs. BITI - Expense Ratio Comparison

XXRP has a 1.89% expense ratio, which is higher than BITI's 1.03% expense ratio.

Dividends

XXRP vs. BITI - Dividend Comparison

XXRP's dividend yield for the trailing twelve months is around 29.12%, more than BITI's 21.80% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	21.80%	1.60%	3.91%	3.33%	0.06%
XXRP Teucrium 2x Long Daily XRP ETF	29.12%	6.40%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XXRP and BITI in my portfolio?

XXRP and BITI have a correlation of -0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XXRP or BITI?

XXRP has higher volatility (24.45%) compared to BITI (8.93%). In terms of maximum drawdown, XXRP dropped -96.66% vs BITI's -92.16%.

Which ETF is better, XXRP or BITI?

On 1-year performance, BITI leads with 56.28% vs -94.61% for XXRP. On fees, BITI is cheaper at 1.03% per year. On volatility, BITI has been the lower-risk option at 8.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XXRP or BITI?

Over the 1-year period, BITI has performed better with a 56.28% return vs -94.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XXRP or BITI?

BITI is cheaper with a 1.03% expense ratio, compared with 1.89% for XXRP.

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

XXRP has the higher dividend yield at 29.12%, compared with 21.80% for BITI.

What is the main difference between XXRP and BITI?

XXRP is categorized as Leveraged Cryptocurrency, while BITI is Cryptocurrency. They also come from different issuers: Teucrium and ProShares. Their fees differ too: 1.89% for XXRP and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.28 vs -0.66), 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.