BITI vs VOO
ProShares Short Bitcoin ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. BITI delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BITI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.03% | |
| AUM | $120M | $979.0B | |
| Dividend Yield | 8.63% | 1.09% | |
| Holdings | 3 | 509 | |
| YTD Return | +19.85% | +13.80% | |
| 1Y Return | +51.60% | +23.71% | |
| 3Y Return (annualized) | -33.25% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 46.9% | 14.1% | |
| Max Drawdown | -92.2% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 21, 2022 | Sep 7, 2010 |
BITI vs VOO Performance
ProShares Short Bitcoin ETF (BITI) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BITI returned +51.60% while VOO returned +23.71%. Year to date, BITI is up 19.85% versus a gain of 13.80% for VOO.
Over three years, BITI compounded at -33.25% per year against +21.50% for VOO. Across the full 4-year window we track, VOO has the edge at +13.58% annualized vs -37.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BITI has been the more volatile fund, with annualized monthly volatility of 46.9% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 8.63% against 1.09% for VOO.
Holdings Overlap
BITI and VOO 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 VOO?
BITI has an expense ratio of 1.01% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $98 per year of difference.
Which performed better, BITI or VOO?
Over the past year BITI returned +51.60% vs +23.71% for VOO, so BITI leads on 1-year performance. Over the longest common window we track (4 years), BITI annualized -37.38% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, BITI or VOO?
BITI has been the more volatile fund at 46.9% annualized versus 14.1% for VOO. Worst drawdown: BITI -92.2% vs VOO -34.3%.
Should I hold both BITI and VOO?
BITI and VOO 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 VOO?
BITI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, BITI or VOO?
BITI yields 8.63% while VOO yields 1.09%, so BITI currently pays the higher dividend yield.
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