BITI vs CTAP
Comparison between ProShares Short Bitcoin ETF (BITI, ETF) and Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP, ETF).
BITI vs CTAP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BITI
$177M
Winner
CTAP
$178M
Expense Ratio
BITI
1.01%
Winner
CTAP
0.10%
Max Drawdown
BITI
92.63%
Winner
CTAP
15.19%
Sharpe Ratio
BITI
1.11
Winner
CTAP
1.16
5Y Beta
Winner
BITI
-1.28
CTAP
0.45
BITI vs CTAP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BITI
+18.27%
CTAP
-15.08%
3M
Winner
BITI
+13.87%
CTAP
-1.55%
6M
Winner
BITI
+23.30%
CTAP
+11.15%
1Y
BITI
+45.65%
CTAP
N/A
Max(CAGR)
BITI
-37.24%
Winner
CTAP
+22.02%
BITI vs CTAP - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | BITI | CTAP |
|---|---|---|
| 2026 | +28.80% | +8.59% |
| 2025 | +2.65% | +2.44% |
| 2024 | -59.89% | N/A |
| 2023 | -66.00% | N/A |
| 2022 | -0.06% | N/A |
BITI vs CTAP Drawdown Comparison
The maximum drawdown for BITI was -92.16%, occurring on Oct 6, 2025. This drawdown has not yet recovered.
The maximum drawdown for CTAP was -15.19%, occurring on Jun 17, 2026. This drawdown has not yet recovered.
The current BITI drawdown is -86.30%. The current CTAP drawdown is -15.19%.
| Rank | BITI | CTAP |
|---|---|---|
| #1 | -92.16% Nov 9, 2022 - Oct 6, 2025 | -15.19% May 14, 2026 - Jun 17, 2026 |
| #2 | -26.60% Jun 30, 2022 - Nov 9, 2022 | -9.02% Mar 2, 2026 - Apr 22, 2026 |
| #3 | -5.57% Jun 22, 2022 - Jun 30, 2022 | -6.04% Jan 29, 2026 - Feb 18, 2026 |
| #4 | N/A | -4.04% Jan 14, 2026 - Jan 26, 2026 |
| #5 | N/A | -3.61% May 4, 2026 - May 12, 2026 |
| #6 | N/A | -3.02% Dec 26, 2025 - Jan 9, 2026 |
| #7 | N/A | -1.70% Dec 11, 2025 - Dec 19, 2025 |
| #8 | N/A | -1.14% Apr 30, 2026 - May 4, 2026 |
| #9 | N/A | -0.68% Jan 12, 2026 - Jan 14, 2026 |
| #10 | N/A | -0.38% Feb 20, 2026 - Feb 24, 2026 |
| #11 | N/A | -0.34% May 12, 2026 - May 14, 2026 |
| #12 | N/A | -0.07% Feb 25, 2026 - Feb 27, 2026 |
| #13 | N/A | -0.03% Dec 23, 2025 - Dec 26, 2025 |
Correlation
Correlation between BITI and CTAP is 0.06 which considered as a very weak or no correlation - the stocks move independently of each other.
0.06
-101
Dividend Comparison (2022 - 2026)
BITI vs CTAP dividend yield comparison.
| Year | BITI | CTAP |
|---|---|---|
| 2026 | 8.62% | 0.73% |
| 2025 | 1.60% | 0.00% |
| 2024 | 3.91% | 0.00% |
| 2023 | 3.33% | 0.00% |
| 2022 | 0.06% | 0.00% |
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