YXI vs. BITO
YXI (ProShares Short FTSE China 50) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - YXI is a Inverse 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 -11.86%/yr vs 26.82%/yr for BITO. At a correlation of -0.26, they often move in opposite directions. 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 7.60% return, which is significantly higher than BITO's -28.44% return.
YXI
- 1D
- -0.56%
- 1M
- 2.15%
- YTD
- 7.60%
- 6M
- 9.50%
- 1Y
- 1.04%
- 3Y*
- -11.86%
- 5Y*
- -2.76%
- 10Y*
- -8.18%
BITO
- 1D
- -2.81%
- 1M
- -22.52%
- YTD
- -28.44%
- 6M
- -32.46%
- 1Y
- -41.98%
- 3Y*
- 26.82%
- 5Y*
- —
- 10Y*
- —
YXI vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
YXI ProShares Short FTSE China 50 | 7.60% | -22.87% | -25.36% | 12.40% | 4.78% | 12.02% |
BITO ProShares Bitcoin Strategy ETF | -28.44% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Correlation
The correlation between YXI and BITO is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2021 | -0.26 |
The correlation between YXI and BITO shifts across timeframes, from -0.31 (1 year) to -0.19 (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.
| YXI | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.84 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.83 | +0.91 |
| Martin ratioReturn relative to average drawdown | 0.13 | -1.44 | +1.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| YXI | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | -0.97 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | -0.10 | -0.20 |
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 | -14.21% | -50.64% | +36.43% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -50.64% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -57.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.92% | — | — |
Current DrawdownCurrent decline from peak | -78.03% | -50.64% | -27.39% |
Average DrawdownAverage peak-to-trough decline | -54.31% | -36.75% | -17.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 29.27% | -21.48% |
Volatility
YXI vs. BITO - Volatility Comparison
The current volatility for ProShares Short FTSE China 50 (YXI) is 7.25%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 9.03%. 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 | 7.25% | 9.03% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 33.71% | -18.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.93% | 43.61% | -23.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.39% | 55.10% | -23.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.42% | 55.10% | -27.68% |
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 2.85%, less than BITO's 69.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 69.59% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YXI ProShares Short FTSE China 50 | 2.85% | 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 -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (9.03%) compared to YXI (7.25%). In terms of maximum drawdown, YXI dropped -81.15% vs BITO's -77.86%.
On 3-year performance, BITO leads with 26.82% vs -11.86% for YXI. Both ETFs have the same 0.95% expense ratio. On volatility, YXI has been the lower-risk option at 7.25%. 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 26.82% return vs -11.86%. 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 69.59%, compared with 2.85% for YXI.
YXI is categorized as Inverse Equities, while BITO is Cryptocurrency.
YXI currently has the higher Sharpe Ratio (0.05 vs -0.97), 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