XYLD vs. BITI
XYLD (Global X S&P 500 Covered Call ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, XYLD returned 11.42%/yr vs -31.62%/yr for BITI. At a correlation of -0.32, they often move in opposite directions. XYLD charges 0.60%/yr vs 1.03%/yr for BITI.
Performance
XYLD vs. BITI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XYLD achieves a 7.24% return, which is significantly lower than BITI's 24.48% return.
XYLD
- 1D
- -0.10%
- 1M
- 1.68%
- 6M
- 6.22%
- YTD
- 7.24%
- 1Y
- 17.35%
- 3Y*
- 11.42%
- 5Y*
- 7.92%
- 10Y*
- 8.18%
BITI
- 1D
- 1.13%
- 1M
- 1.49%
- 6M
- 35.86%
- YTD
- 24.48%
- 1Y
- 64.61%
- 3Y*
- -31.62%
- 5Y*
- —
- 10Y*
- —
XYLD vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XYLD Global X S&P 500 Covered Call ETF | 7.24% | 8.02% | 19.49% | 11.10% | -0.13% |
BITI ProShares Short Bitcoin ETF | 24.48% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between XYLD and BITI is -0.48, 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 | -0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.32 |
The correlation between XYLD and BITI shifts across timeframes, from -0.48 (1 year) to -0.31 (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
XYLD vs. BITI — Risk / Return Rank
XYLD
BITI
XYLD vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (XYLD) 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.
| XYLD | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.25 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.57 | +0.72 |
| Martin ratioReturn relative to average drawdown | 17.16 | 6.38 | +10.78 |
Loading charts...
Drawdowns
XYLD vs. BITI - Drawdown Comparison
The maximum XYLD drawdown since its inception was -33.46%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for XYLD and BITI.
Loading charts...
Drawdown Indicators
| XYLD | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -92.16% | +58.70% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -25.28% | +19.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.53% | -84.63% | +69.10% |
Max Drawdown (5Y)Largest decline over 5 years | -18.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.46% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -86.41% | +86.31% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -68.40% | +64.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 10.16% | -9.15% |
Volatility
XYLD vs. BITI - Volatility Comparison
The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 1.68%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 10.76%. This indicates that XYLD 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
| XYLD | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 10.76% | -9.08% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 34.28% | -28.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 44.15% | -37.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.27% | 52.24% | -40.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.15% | 52.24% | -38.09% |
XYLD vs. BITI - Expense Ratio Comparison
XYLD has a 0.60% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
XYLD vs. BITI - Dividend Comparison
XYLD's dividend yield for the trailing twelve months is around 10.27%, less than BITI's 15.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.62% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.27% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Frequently Asked Questions
XYLD and BITI have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (10.76%) compared to XYLD (1.68%). In terms of maximum drawdown, XYLD dropped -33.46% vs BITI's -92.16%.
On 3-year performance, XYLD leads with 11.42% vs -31.62% for BITI. On fees, XYLD is cheaper at 0.60% per year. On volatility, XYLD has been the lower-risk option at 1.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XYLD has performed better with a 11.42% return vs -31.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XYLD is cheaper with a 0.60% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.62%, compared with 10.27% for XYLD.
XYLD is categorized as Derivative Income, while BITI is Cryptocurrency. XYLD tracks Cboe S&P 500 BuyWrite Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.60% for XYLD and 1.03% for BITI.
XYLD currently has the higher Sharpe Ratio (2.51 vs 1.47), 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 XYLD 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