BITI vs IVV
ProShares Short Bitcoin ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. BITI delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | BITI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.03% | |
| AUM | $125M | $886.7B | |
| Dividend Yield | 15.29% | 1.10% | |
| Holdings | 3 | 508 | |
| YTD Return | +3.11% | +12.92% | |
| 1Y Return | +23.43% | +21.22% | |
| 3Y Return (annualized) | -39.63% | +20.95% | |
| 5Y Return (annualized) | - | +12.76% | |
| Volatility (annualized) | 47.6% | 15.1% | |
| Max Drawdown | -92.2% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 21, 2022 | May 15, 2000 |
BITI vs IVV Performance
ProShares Short Bitcoin ETF (BITI) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BITI returned +23.43% while IVV returned +21.22%. Year to date, BITI is up 3.11% versus a gain of 12.92% for IVV.
Over three years, BITI compounded at -39.63% per year against +20.95% for IVV. Across the full 4-year window we track, IVV has the edge at +7.00% annualized vs -39.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITI has been the more volatile fund, with annualized monthly volatility of 47.6% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -92.2% for BITI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BITI charges 1.01% per year while IVV charges 0.03%. On a $10,000 position that is $101 vs $3 annually, a gap of $98 per year that compounds over a long holding period. On income, BITI currently yields 15.29% against 1.10% for IVV.
Holdings Overlap
BITI and IVV share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BITI or IVV?
BITI has an expense ratio of 1.01% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $98 per year of difference.
Which performed better, BITI or IVV?
Over the past year BITI returned +23.43% vs +21.22% for IVV, so BITI leads on 1-year performance. Over the longest common window we track (4 years), BITI annualized -39.14% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, BITI or IVV?
BITI has been the more volatile fund at 47.6% annualized versus 15.1% for IVV. Worst drawdown: BITI -92.2% vs IVV -56.5%.
Should I hold both BITI and IVV?
BITI and IVV have a monthly-return correlation of -0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BITI and IVV?
BITI and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BITI or IVV?
BITI yields 15.29% while IVV yields 1.10%, so BITI currently pays the higher dividend yield.
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