ZSB vs. BITI

Last updated Jul 14, 2026

ZSB (USCF Sustainable Battery Metals Strategy Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ZSB is a Lithium & Battery Metals fund tracking the S&P GSCI Electric Vehicle Meals Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ZSB returned -0.38%/yr vs -30.65%/yr for BITI. At a correlation of -0.10, they often move in opposite directions. ZSB charges 0.59%/yr vs 1.03%/yr for BITI.

Performance

ZSB vs. BITI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Sustainable Battery Metals Strategy Fund (ZSB) 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, ZSB achieves a 3.60% return, which is significantly lower than BITI's 28.75% return.

ZSB

• 1D: -0.34%
• 1M: -4.69%
• 6M: -9.42%
• YTD: 3.60%
• 1Y: 54.79%
• 3Y*: -0.38%
• 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)

ZSB vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ZSB USCF Sustainable Battery Metals Strategy Fund	3.60%	64.34%	-19.70%	-31.38%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-64.11%

Correlation

The correlation between ZSB and BITI is -0.17, 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	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Jan 11, 2023	-0.10

Return for Risk

ZSB vs. BITI — Risk / Return Rank

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

ZSB

ZSB Risk / Return Rank: 74
ZSB Sharpe Ratio Rank: 82
ZSB Sortino Ratio Rank: 71
ZSB Omega Ratio Rank: 82
ZSB Calmar Ratio Rank: 79
ZSB Martin Ratio Rank: 57

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.

ZSB vs. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Sustainable Battery Metals Strategy Fund (ZSB) 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.

	ZSB	BITI	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.56	+0.51
Sortino ratio: Return per unit of downside risk	2.55	2.13	+0.42
Omega ratio: Gain probability vs. loss probability	1.39	1.26	+0.13
Calmar ratio: Return relative to maximum drawdown	3.29	2.72	+0.57
Martin ratio: Return relative to average drawdown	7.93	6.78	+1.15

ZSB vs. BITI - Sharpe Ratio Comparison

The current ZSB Sharpe Ratio is 2.07, which is higher than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of ZSB 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

ZSB vs. BITI - Drawdown Comparison

The maximum ZSB drawdown since its inception was -49.26%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ZSB and BITI.

Drawdown Indicators

	ZSB	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-49.26%	-92.16%	+42.90%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-25.28%	+8.53%
Max Drawdown (3Y) Largest decline over 3 years	-43.22%	-84.63%	+41.41%
Current Drawdown Current decline from peak	-12.65%	-85.94%	+73.29%
Average Drawdown Average peak-to-trough decline	-30.33%	-68.34%	+38.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.93%	10.11%	-3.18%

Volatility

ZSB vs. BITI - Volatility Comparison

The current volatility for USCF Sustainable Battery Metals Strategy Fund (ZSB) is 5.24%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that ZSB 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

	ZSB	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	11.38%	-6.14%
Volatility (6M) Calculated over the trailing 6-month period	21.63%	34.25%	-12.62%
Volatility (1Y) Calculated over the trailing 1-year period	26.62%	44.14%	-17.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.57%	52.28%	-32.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.57%	52.28%	-32.71%

ZSB vs. BITI - Expense Ratio Comparison

ZSB has a 0.59% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

ZSB vs. BITI - Dividend Comparison

ZSB's dividend yield for the trailing twelve months is around 0.89%, less than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%
ZSB USCF Sustainable Battery Metals Strategy Fund	0.89%	0.92%	2.96%	3.59%	0.00%

Frequently Asked Questions

Can I hold both ZSB and BITI in my portfolio?

ZSB and BITI have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZSB or BITI?

BITI has higher volatility (11.38%) compared to ZSB (5.24%). In terms of maximum drawdown, ZSB dropped -49.26% vs BITI's -92.16%.

Which ETF is better, ZSB or BITI?

On 3-year performance, ZSB leads with -0.38% vs -30.65% for BITI. On fees, ZSB is cheaper at 0.59% per year. On volatility, ZSB has been the lower-risk option at 5.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZSB or BITI?

Over the 3-year period, ZSB has performed better with a -0.38% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZSB or BITI?

ZSB is cheaper with a 0.59% expense ratio, compared with 1.03% for BITI.

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

BITI has the higher dividend yield at 15.10%, compared with 0.89% for ZSB.

What is the main difference between ZSB and BITI?

ZSB is categorized as Lithium & Battery Metals, while BITI is Cryptocurrency. ZSB tracks S&P GSCI Electric Vehicle Meals Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: USCF and ProShares. Their fees differ too: 0.59% for ZSB and 1.03% for BITI.

Which has better risk-adjusted returns?

ZSB currently has the higher Sharpe Ratio (2.07 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.