BITI vs SPTB
Comparison between ProShares Short Bitcoin ETF (BITI, ETF) and STATE STREET(R) SPDR(R) PORTFOLIO TREASURY ETF (SPTB, ETF).
BITI vs SPTB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BITI
$187M
Winner
SPTB
$187M
Expense Ratio
BITI
1.01%
Winner
SPTB
0.03%
Max Drawdown
BITI
92.63%
Winner
SPTB
6.32%
Sharpe Ratio
Winner
BITI
1.15
SPTB
-0.16
5Y Beta
Winner
BITI
-1.28
SPTB
-0.01
BITI vs SPTB - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BITI
+34.28%
SPTB
-0.28%
3M
Winner
BITI
+16.12%
SPTB
-1.31%
6M
Winner
BITI
+36.65%
SPTB
-0.14%
1Y
Winner
BITI
+50.98%
SPTB
+3.19%
Max(CAGR)
BITI
-36.43%
Winner
SPTB
+3.91%
BITI vs SPTB - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | BITI | SPTB |
|---|---|---|
| 2026 | +37.61% | -0.27% |
| 2025 | +2.65% | +6.10% |
| 2024 | -59.89% | +2.17% |
| 2023 | -66.00% | N/A |
| 2022 | -0.06% | N/A |
BITI vs SPTB 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 SPTB was -4.96%, occurring on Jan 14, 2025. Recovery took 138 trading sessions.
The current BITI drawdown is -85.36%. The current SPTB drawdown is -2.15%.
| Rank | BITI | SPTB |
|---|---|---|
| #1 | -92.16% Nov 9, 2022 - Oct 6, 2025 | -4.96% Sep 16, 2024 - Apr 4, 2025 |
| #2 | -26.60% Jun 30, 2022 - Nov 9, 2022 | -2.90% Feb 27, 2026 - May 19, 2026 |
| #3 | -5.57% Jun 22, 2022 - Jun 30, 2022 | -2.66% Apr 4, 2025 - Aug 1, 2025 |
| #4 | N/A | -1.33% Jun 14, 2024 - Jul 11, 2024 |
| #5 | N/A | -1.20% Aug 5, 2024 - Aug 21, 2024 |
| #6 | N/A | -1.01% Oct 22, 2025 - Nov 26, 2025 |
| #7 | N/A | -0.98% May 21, 2024 - Jun 3, 2024 |
| #8 | N/A | -0.92% Jun 6, 2024 - Jun 13, 2024 |
| #9 | N/A | -0.90% Nov 26, 2025 - Feb 10, 2026 |
| #10 | N/A | -0.67% Jul 17, 2024 - Jul 30, 2024 |
| #11 | N/A | -0.66% Sep 16, 2025 - Oct 10, 2025 |
| #12 | N/A | -0.57% Aug 21, 2024 - Sep 4, 2024 |
| #13 | N/A | -0.56% Aug 5, 2025 - Aug 27, 2025 |
| #14 | N/A | -0.27% Aug 28, 2025 - Sep 3, 2025 |
| #15 | N/A | -0.22% Jul 12, 2024 - Jul 16, 2024 |
Correlation
Correlation between BITI and SPTB is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.44
-101
Dividend Comparison (2022 - 2026)
BITI vs SPTB dividend yield comparison.
| Year | BITI | SPTB |
|---|---|---|
| 2026 | 8.07% | 1.70% |
| 2025 | 1.60% | 4.23% |
| 2024 | 3.91% | 2.76% |
| 2023 | 3.33% | 0.00% |
| 2022 | 0.06% | 0.00% |
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