ZECP vs. BITI

Last updated Jul 14, 2026

ZECP (Zacks Earnings Consistent Portfolio ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ZECP is a Large Cap Blend Equities fund actively managed by Zacks, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. ZECP is actively managed, while BITI is passively managed. Over the past 3 years, ZECP returned 15.30%/yr vs -30.65%/yr for BITI. At a correlation of -0.30, they often move in opposite directions. ZECP charges 0.55%/yr vs 1.03%/yr for BITI.

Performance

ZECP vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks Earnings Consistent Portfolio ETF (ZECP) 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, ZECP achieves a 8.66% return, which is significantly lower than BITI's 28.75% return.

ZECP

• 1D: -0.18%
• 1M: 1.37%
• 6M: 6.43%
• YTD: 8.66%
• 1Y: 18.66%
• 3Y*: 15.30%
• 5Y*: —
• 10Y*: —

BITI

• 1D: 2.65%
• 1M: 1.46%
• 6M: 34.68%
• YTD: 28.75%
• 1Y: 68.34%
• 3Y*: -30.65%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZECP vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ZECP Zacks Earnings Consistent Portfolio ETF	8.66%	15.03%	17.32%	13.88%	8.13%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-66.17%	3.39%

Correlation

The correlation between ZECP and BITI is -0.37, 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	-0.37
Correlation (3Y) Calculated over the trailing 3-year period	-0.29
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	-0.30

Return for Risk

ZECP vs. BITI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZECP

ZECP Risk / Return Rank: 67
ZECP Sharpe Ratio Rank: 69
ZECP Sortino Ratio Rank: 73
ZECP Omega Ratio Rank: 65
ZECP Calmar Ratio Rank: 57
ZECP Martin Ratio Rank: 71

BITI

BITI Risk / Return Rank: 57
BITI Sharpe Ratio Rank: 58
BITI Sortino Ratio Rank: 55
BITI Omega Ratio Rank: 50
BITI Calmar Ratio Rank: 68
BITI Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZECP vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks Earnings Consistent Portfolio ETF (ZECP) 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.

	ZECP	BITI	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.56	+0.19
Sortino ratio: Return per unit of downside risk	2.61	2.13	+0.48
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	2.25	2.72	-0.47
Martin ratio: Return relative to average drawdown	10.24	6.78	+3.46

ZECP vs. BITI - Sharpe Ratio Comparison

The current ZECP Sharpe Ratio is 1.75, which is comparable to the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of ZECP 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

ZECP vs. BITI - Drawdown Comparison

The maximum ZECP drawdown since its inception was -21.86%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ZECP and BITI.

Drawdown Indicators

	ZECP	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-21.86%	-92.16%	+70.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-25.28%	+16.96%
Max Drawdown (3Y) Largest decline over 3 years	-15.47%	-84.63%	+69.16%
Current Drawdown Current decline from peak	-0.52%	-85.94%	+85.42%
Average Drawdown Average peak-to-trough decline	-5.40%	-68.34%	+62.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	10.11%	-8.28%

Volatility

ZECP vs. BITI - Volatility Comparison

The current volatility for Zacks Earnings Consistent Portfolio ETF (ZECP) is 2.64%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that ZECP 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.

Volatility by Period

	ZECP	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	11.38%	-8.74%
Volatility (6M) Calculated over the trailing 6-month period	8.43%	34.25%	-25.82%
Volatility (1Y) Calculated over the trailing 1-year period	10.71%	44.14%	-33.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	52.28%	-37.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	52.28%	-37.71%

ZECP vs. BITI - Expense Ratio Comparison

ZECP has a 0.55% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

ZECP vs. BITI - Dividend Comparison

ZECP's dividend yield for the trailing twelve months is around 0.73%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022	2021
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%	0.00%
ZECP Zacks Earnings Consistent Portfolio ETF	0.73%	0.79%	0.63%	0.73%	0.91%	0.11%

Frequently Asked Questions

Can I hold both ZECP and BITI in my portfolio?

ZECP and BITI have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZECP or BITI?

BITI has higher volatility (11.38%) compared to ZECP (2.64%). In terms of maximum drawdown, ZECP dropped -21.86% vs BITI's -92.16%.

Which ETF is better, ZECP or BITI?

On 3-year performance, ZECP leads with 15.30% vs -30.65% for BITI. On fees, ZECP is cheaper at 0.55% per year. On volatility, ZECP has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZECP or BITI?

Over the 3-year period, ZECP has performed better with a 15.30% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZECP or BITI?

ZECP is cheaper with a 0.55% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 0.73% for ZECP.

What is the main difference between ZECP and BITI?

ZECP is categorized as Large Cap Blend Equities, while BITI is Cryptocurrency. They also come from different issuers: Zacks and ProShares. Their fees differ too: 0.55% for ZECP and 1.03% for BITI.

Which has better risk-adjusted returns?

ZECP currently has the higher Sharpe Ratio (1.75 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.