YXI vs. BITO
YXI (ProShares Short FTSE China 50) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - YXI is a China Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%), while BITO is a Cryptocurrency fund actively managed by ProShares. YXI is passively managed, while BITO is actively managed. Over the past 3 years, YXI returned -10.31%/yr vs 22.46%/yr for BITO. Their -0.26 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
YXI vs. BITO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YXI achieves a 5.63% return, which is significantly higher than BITO's -27.98% return.
YXI
- 1D
- 0.58%
- 1M
- -12.38%
- 6M
- 6.78%
- YTD
- 5.63%
- 1Y
- 4.09%
- 3Y*
- -10.31%
- 5Y*
- -5.27%
- 10Y*
- -7.71%
- ALL TIME*
- -8.22%
BITO
- 1D
- 0.58%
- 1M
- 4.24%
- 6M
- -17.22%
- YTD
- -27.98%
- 1Y
- -46.07%
- 3Y*
- 22.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.25B | $2.50B | $2.06B | |
| $23.14K | $29.95K | $34.52K |
YXI vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 5.63% | -22.87% | -25.36% | 12.40% | 4.78% | 8.73% |
BITO ProShares Bitcoin Strategy ETF | -27.98% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between YXI and BITO is -0.32, 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. | -0.32 |
Correlation (3Y) Balances recent behavior with more history. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | -0.26 |
The correlation between YXI and BITO shifts across timeframes, from -0.32 (1 year) to -0.20 (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
YXI vs. BITO — Risk / Return Rank
YXI
BITO
YXI vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short FTSE China 50 (YXI) and ProShares Bitcoin Strategy ETF (BITO). 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.
| YXI | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.83 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.85 | +1.15 |
| Martin ratioReturn relative to average drawdown | 0.77 | -1.29 | +2.06 |
Loading charts...
Drawdowns
YXI vs. BITO - Drawdown Comparison
The maximum YXI drawdown since its inception was -81.15%, roughly equal to the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for YXI and BITO.
Loading charts...
Drawdown Indicators
| YXI | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.15% | -77.86% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -13.55% | -54.47% | +40.92% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -54.47% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -57.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -61.63% | — | — |
Current DrawdownCurrent decline from peak | -78.43% | -50.33% | -28.10% |
Average DrawdownAverage peak-to-trough decline | -54.52% | -37.20% | -17.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 35.76% | -30.44% |
Volatility
YXI vs. BITO - Volatility Comparison
The current volatility for ProShares Short FTSE China 50 (YXI) is 6.80%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 8.00%. This indicates that YXI experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YXI | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 8.00% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 32.76% | -16.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 44.12% | -23.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.28% | 54.56% | -23.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.48% | 54.56% | -27.08% |
YXI vs. BITO - Expense Ratio Comparison
Both YXI and BITO have an expense ratio of 0.95%.
Dividends
YXI vs. BITO - Dividend Comparison
YXI's dividend yield for the trailing twelve months is around 2.69%, less than BITO's 46.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 46.76% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YXI ProShares Short FTSE China 50 | 2.69% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
YXI and BITO have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (8.00%) compared to YXI (6.80%). In terms of maximum drawdown, YXI dropped -81.15% vs BITO's -77.86%.
On 3-year performance, BITO leads with 22.46% vs -10.31% for YXI. Both ETFs have the same 0.95% expense ratio. On volatility, YXI has been the lower-risk option at 6.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITO has performed better with a 22.46% return vs -10.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YXI and BITO have the same expense ratio: 0.95% per year.
BITO has the higher dividend yield at 46.76%, compared with 2.69% for YXI.
YXI is categorized as China Equities, while BITO is Cryptocurrency.
YXI currently has the higher Sharpe Ratio (0.20 vs -1.05), 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 YXI and BITO
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