Snapshot*
Top 10 Holdings
What is BITI?
This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. The fund provides an opportunity to profit when the daily price of bitcoin declines. The Fund seeks to invest in cash settled, front month bitcoin futures. The Fund may also invest in back month, cash settled bitcoin futures contracts. Front month bitcoin futures contracts are those contracts with the shortest time to maturity. Back month bitcoin futures contracts are those with longer times to maturity.
BITIPerformance Measures**
for the time period Jun 21, 2022 to Dec 4, 2025
1M Trailing Return: 6.9%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 15.4%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -92.2%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 53.1%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: -0.90
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.50
The annualized return divided by the max drawdown for the selected time period.
ETFs related toBITI
ETFs correlated to BITI include SARK, FNGD, QID
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toBITI
Wooden ARKK Machine 2.2 + BB V3.0.4.2a Merged with MIM CONS and V1 New SOXL Baller
Category
Tactical asset allocation, leveraged ETFs, trend following, mean reversion, volatility hedging, sector rotation, crypto overlay, daily rebalancing
OOS Cumulative Return
488.64%
🏴☠️ Expired Warranty V10, EricS with pirated content from BrianE, Ronniem90, narwhal44, DereckN, HinnomTX.
Category
Tactical rotation, leveraged ETFs, volatility hedging, trend-following, mean reversion, risk-on/risk-off, bonds, gold, crypto overlay
OOS Cumulative Return
300.14%
Create your own algorithmic trading strategy with BITI using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.